Markets/Coverages News

State Auto Financial Reports 44th Consecutive Dividend

Following the annual meeting of its shareholders, the board of directors of Columbus, Ohio-based State Auto Financial Corporation declared a regular cash dividend of $0.0325 per share, payable on June 28, 2002, to shareholders of record on June 12. This …

eAutoclaims Launches Car Rental Procurement Offering

eAutoclaims has launched a car rental procurement offering through its eJusterSuiteT application service provider (ASP) for auto repair claims. eJusterSuiteā„¢, which integrates claims processing into one Web-based system that brings together multiple service partners, will now enable insurance adjusters and …

Protect Your Customers from Watered-DownPWC Coverage

The United States boasts nearly 51 million acres of lakes, 633,000 miles of rivers and 88,600 miles of coastal shoreline. So, it’s little wonder that water recreation is a popular summer pastime. In recent years, personal watercraft (PWC) have become …

So, What is My Agency Worth’

One of the more recurring questions we get asked as business consultants and appraisers is “can you do a quick and dirty valuation for my business?” Now we can appreciate someone asking for a ballpark valuation, however, a back of …

Camps Can Be Overnight Success for Experienced Insurers

By and large, camp insurance is following most commercial insurance in that it is more expensive,” according to Ron Norton, a sales executive with Indiana-based K&K Insurance. While prices generally have been on the rise, it has not stopped K&K …

A New Partner

Those rope-burned hands on this week’s cover graphically depict the dire straits of the workers’ compensation market in California. Safe to say, it’s now in full-blown crisis, as overused and overblown as that word is. The most recent evidence of …

W.R. Berkley Files Statement to Raise up to $700 Million

Connecticut-based W. R. Berkley Corporation announced that it has filed a new “universal shelf registration statement” with the Securities and Exchange Commission, replacing a previous filing. The new registration statement covers the prospective sale of up to $700 million in …

Builders Risk, Equipment Floaters

Nuts & Bolts: Cascade/Amstar has available a program for builders risk, equipment floaters, EDP, installation floaters and other miscellaneous floaters. Reporting options available, broadcast towers, poultry property market and other miscellaneous property floaters. Endorsements-optional earth movement, flood, testing, pollution clean …

Non-Profit Social Service

Nuts & Bolts: Arrowhead Wholesale Brokerage has available a program for non- profit social service. Endorsements-professional liability, sexual abuse. Brokerage business. Dollars: Policy limits are property as needed; liability $1/3 million, umbrella $5 million. Deductibles are standard. Carrier: ACE USA, …

Social Service Professionals

Nuts & Bolts: Union General is offering coverage for social service professionals who work as counselors, social workers or psychologists. Separate limits are available for professional and general liability. Dollars: Limits up to $2,000,000 per occurrence/$3,000,000 aggregate are available. Carrier: …