National Advantage Adds American Modern Insurance As Personal Lines Carrier
Tustin, Calif.-based National Advantage Insurance Services Inc. (NAIS) has added American Modern Insurance Co. as another new admitted carrier for personal lines. “We are pleased to make this admitted carrier available to our California brokers. We can now offer a …
Midwest Earthquake Spurs Renewed Interest in Purchasing Insurance
Eastern Missouri residents are scrambling to get earthquake insurance after last week’s 5.2 magnitude trembler rattled windows and shook houses. But they are finding out there’s a waiting period for coverage, even as aftershocks shake the ground. The state’s biggest …
Survey: Majority of October’s California Wildfire Claims Settled
A new survey of insurance companies estimates that nearly 90 percent of claims stemming from the devastating October 2007 fire and wind storms in California have been settled. A poll by the Insurance Information Network of California of companies representing …
Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal
Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …
NSM Insurance Group Acquires Insurex Workers’ Comp Brokerage
NSM Insurance Group has acquired Insurex, a California-based workers’ compensation brokerage. The acquisition “immediately expands our ability to provide new national workers’ compensation markets to our independent agent and broker customers” said Dan McCarthy, CEO, Insurex. Meanwhile, NSM believes the …
Risk Strategies Names Roman Senior VP
Glenn Roman has joined Risk Strategies Co. as senior vice president. Besides the his own production activity, Roman will assist the California offices as construction practice leader Risk Strategies has three California offices: in Los Angeles, Irvine and San Francisco.
American E&S Appoints Broker in Vacaville, California
Carole Brown has rejoined American E&S Insurance Brokers as vice president and financial services broker. She will be working in the Vacaville, Calif., branch and has more 15 years experience specializing in directors and officers liability, errors and omissions, and …
Insurers to Build Research Center for Natural Disaster Property Losses
A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural disasters. The Institute for Business & Home Safety (IBHS), …
Scientists Say Midwest Earthquakes Poorly Understood
Scientists say they know far too little about Midwestern seismic zones like the one that rumbled to life under southern Illinois Friday (April 18) morning, but some of what they do know is unnerving. The fault zones beneath the Mississippi …