Markets/Coverages News

Executives-Private Companies

Nuts & Bolts: The St. Paul Companies has introduced St. Paul Executive Choice(SM) for Private Companies, a portfolio of products designed to help protect executives and employees of private companies from the risks associated with managing a business. Designed to …

Mapping Error Raises Flood Insurance Premiums

Officials in Pennsylvania’s Richland Township will ask the Federal Emergency Management Agency (FEMA) to correct official maps of the area, that incorrectly designate certain properties as located on a flood plain. An article in the Allentown Morning Call indicated that …

Late Notice May Insure Responsibility for Pre-Tender Defense Costs

Texas requires automobile liability insurers and general liability insurers to include language in their policies establishing a “prejudice” requirement before late notice can be used as a defense. For instance, most general liability policies provide that: With regard to Bodily …

Fiserv FSC Unveils Multi-State, Web-based

Fiserv FSC, a unit of Fiserv, Inc., has introduced GatewayFSC, a multi-state rating engine that enables financial services organizations to deliver accurate auto and homeowner insurance rates to their customers in a Web-based environment. GatewayFSC is designed specifically for independent …

Calif. Commissioner Sends Warning to State Fund

In an unprecedented move, California Insurance Commissioner Harry Low has disclosed a letter to the public that he sent to the president of the California State Compensation Insurance Fund. The letter, dated May 29, and addressed to State Fund’s president …

AIA Says Calif. Assembly Internet Measure is flawed

A measure approved by the California State Assembly has put Internet privacy on center stage, but won’t solve the real problem of identity theft, according to the American Insurance Association (AIA). “A real-life hacking incident has brought the issue of …

CCBsure Unveils New Web site

ISG International, Inc., the managing general agency for the CCBsure® insurance program for information technology businesses, has launched its enhanced Web site at http://www.ccbsure.com. The new site serves four primary audiences: independent insurance agents and brokers who have clients needing …

Calif. Insurers’ Homeowner Profits Drowning in Water Damage Claims

Rising household water damage claims have cost California insurers billions of dollars and are constricting the homeowners insurance market, according to a study done by the Insurance Information Network of California. The losses have increased dramatically in each of the …

PA Hospitals Hail Legislature’s Passage of Med Mal Reform Bill

Several Pennsylvania hospital associations have hailed House passage of the “Fair Share Act,” a bill which abolishes joint and several liability for any defendant found to be less than 60 percent liable for causing an injury. The Hospital & Healthsystem …

Tom Redman to Replace Stewart Gerson as MIIX CFO

Lawrenceville New Jersey’s MIIX Group announced today that CFO, Stewart J. Gerson has left the Company, and that “his responsibilities will be assumed immediately by Tom Redman,” the Company’s former CFO. MIIX, one of the leading writers of medical professional …