It Figures
$25 Million Amount sought in a wrongful death lawsuit that has been filed in connection with a 2008 shooting rampage in Virginia that left one man dead and two other people injured. The lawsuit was filed earlier this month in …
Hearing Scheduled Today on HR 3424, Reinsurance Tax Bill
HR 3424 will be the subject of a hearing House by the House Representatives Ways and Means Committee today at 10:00 a.m. The Bill, sponsored by Rep. Richard E. Neal (D-MA), has been the subject of a lengthy debate [See …
Ratings Roundup: Iron Horse, American Physicians, United Contractors
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. The ratings reflect Iron Horse’s “superior risk-adjusted capitalization, experienced management team and …
Neal Bill, HR 3424, Proponents and Opponents Trade Salvoes
When U.S. Representative Richard Neal (D-MA) introduced, or more properly reintroduced, HR 3424, a bill aimed at closing what its proponents describe as a “loophole” in the U.S. tax code, he ignited, or more properly reignited, a longstanding controversy. Essentially: …
Goldberg Joins Gendelman Insurance
Bruce Gendelman Insurance Co. has hired Christopher J. Goldberg as vice president of its new division that will concentrate on relationships with advisers for wealthy families. Goldberg will be working with financial advisers, attorneys, bankers, and CPAs to ensure that …
Gooch Takes Oath of Office as Utah Insurance Commissioner
Utah Governor Gary R. Herbert has appointed Neal T. Gooch as Commissioner of the Utah Insurance Department. Gooch was appointed acting Insurance Commissioner in January, and previously served as deputy insurance commissioner since 1997. The Governor’s appointment was confirmed by …
Intermap Technologies, JBA Consulting Provide European Flood Maps
Denver-based Intermap Technologies, a worldwide 3D digital mapping and geospatial solutions company, and the UK’s JBA Consulting, a European flood risk and environmental management firm, announced a strategic collaboration, designed to “provide detailed flood mapping services for clients across Continental …
Business Moves
Foremost Foremost Insurance Group has launched its DistinctChoice Auto program in Connecticut. The auto program features increased limits, deductible options and coverages. The program also offers broad eligibility and discounts, including multi-policy discount and a five-year accident/violation free discount. PURE …
PURE to Offer Personal Lines Coverage in Maryland and D.C.
New York-based Privilege Underwriters Reciprocal Exchange (PURE) said it would begin offering personal lines coverage to owners of high-value homes in Maryland and Washington D.C.. The company, a member- owned reciprocal insurer, said it will also offer automobile, jewelry, art, …