Idaho News

Hazardous Materials

Nuts & Bolts: Target Environmental Insurance offers a new program providing commercial auto, general liability and environmental impaired liability for transporters of hazardous materials. Dollars: Target Environmental looks for accounts generating over $25,000 in auto premiums. Premiums start at $25,000 …

Schwarz to Take CEO Job at Hallmark

Hallmark Financial Services Inc., based in Dallas, announced that president and chief executive officer Linda H. Sleeper will leave the company effective January 1, 2003. Hallmark’s Board of Directors elected board chairman Mark E. Schwarz to the additional position of …

Superior Access Adds National Market for D&O and EPLI

Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are available on-line and applications can be downloaded on a 24-hour basis. …

NAII Says 35 States Have Adopted ISO Mold Limitations

Thirty-five states have adopted an approved Insurance Services Office (ISO) mold limitation for homeowners coverage, which allows insurers to exclude coverage for loss caused by mold and wet or dry rot, unless the conditions result from a covered peril. According …

WCRI Says Wide Variations in State Workers’ Comp Medical Fee Schedules Unrelated to Provider Costs

The substantial variation in workers’ compensation medical fee schedules among the states is not related to the different costs health care providers incur delivering medical services to injured workers, according to a new study by the Workers Compensation Research Institute …

Mono Line Liquor Liability

Nuts & Bolts: McFall General Agency has a program available for mono line liquor liability. Brokerage business only. Dollars: Policy limits of $1,000,000 each common cause/aggregate. Minimum premiums vary depending on limit. Carrier: Certain Lloyd’s underwriters. Rated “A-.” Non-admitted market. …

NEW REPORT SAYS HAZARD PLANNING REDUCES INSURED LOSSES FROM DISASTERS

Communities that incorporate natural disasters in their land use planning experience fewer insured losses than those that do not, according to a new report presented at the Institute for Business & Home Safety’s (IBHS) Annual Congress in New Orleans. An …

OnlineBenefits Enhances Online Information Platform

OnlineBenefits Inc. of Uniondale, N.Y. announced an enhancement to its Benergy communication platform that enables companies to easily gather and publicize the benefit plan facts required by the Department of Labor (DOL). Often employers regard the boilerplate insurance booklets distributed …

Hallmark Completes Millers Acquisitions

Hallmark Financial Services Inc., based in Dallas, announced it has closed the acquisition of certain subsidiaries and other assets from Millers American Group Inc. Hallmark acquired the outstanding stock of Millers General Agency Inc., a Texas managing general agency, as …

Calif. Court of Appeals Overturns E&O Decision

In a significant victory for insurance agents and brokers, the Ninth Circuit Court of Appeals has overturned a lower court decision that had permitted an E&O insurer to deny coverage to an insurance broker by misconstruing an “insolvency exclusion” in …