August 5, 2010
Maine-based Acadia Insurance said it will begin offering new employment practices liability insurance (EPLI) coverage enhancement next month for small business customers in Maine, Connecticut and Rhode Island. Acadia said it will also extend the coverage to customers in New …
August 2, 2010
New England Wind “The barn was completely flattened.” —Kati King, of Gorham, Maine, where 54 mph winds destroyed her 150-year-old, 40,000-square-feet cow barn. Similar scenes were recorded throughout New England and New York as unusually powerful windstorms battered the region …
July 21, 2010
Private weather forecaster WSI Corp cut its forecast for named storms in the 2010 Atlantic hurricane season on Tuesday, but still sees an active season with water temperatures and wind conditions conducive to violent storms. In its latest tropical storm …
July 19, 2010
First Mercury, Valiant Michigan-based First Mercury Insurance Co. is acquiring New York-based Valiant Insurance Group Inc. in a transaction valued at approximately $55 million. The transaction is expected to close in the fourth quarter. Valiant’s existing classes of business to …
July 19, 2010
NetComp NetComp Insurance, a newly-formed program manager based in Columbia, S.C., has opened its online program (www.netcompinsurance.com) for small to-mid size workers’ compensation business to all independent agents in Arkansas, Georgia, North Carolina, South Carolina and Texas. NetComp said it …
July 14, 2010
Photo Courtesy of Belfast Facebook Page A Belfast, Maine, man is facing charges he set a Mercedes-Benz on fire and then posted photos of the burning vehicle on Facebook. Belfast police say 36-year-old Asgard Tarick Gilbert was arrested on a …
July 12, 2010
A.M. Best Co. has placed under review with developing implications the financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Valiant Insurance Company and Valiant Specialty Insurance Company, both domiciled in Wilmington, Del., following the …
July 5, 2010
The Excess Line Association of New York has appointed Jasmin Chen Johnson as financial director. She will be responsible for conducting financial analysis, review and monitoring of all New York-eligible excess line insurers. She has over 15 years of experience …
July 5, 2010
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Closure/Post Closure for Landfills Market Detail: Sloan Mason Insurance Services provides closure and post closure …