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10, 2015
Surplus Lines Stamping Office of Texas Phone Numbers Changing
The Surplus Lines Stamping Office of Texas (SLSOT) announced it is simplifying communications with new business phone number listings and an upgraded telecommunication system. The new system will be in place Oct. 30, but to prevent any loss of contact, …
29
10, 2015
Arch Capital Reports Q3 Net Income of $74.5M, vs. $223.2M in Q3 2014
Bermuda-headquartered Arch Capital Group Ltd. reported net income available to common shareholders for the third quarter ending 2015 was $74.5 million, or $0.60 per share, compared to $223.2 million, or $1.64 per share, for the same period last year. For …
29
10, 2015
Commercial Insurance Rates, Except Auto and Flood, Still Falling: CIAB
Commercial property/casualty insurance prices continued to decline moderately — an average of 3.1 percent— during the third quarter, according to a survey by The Council of Insurance Agents & Brokers. The CIAB survey showed a continued decline in commercial P/C …
29
10, 2015
High-Tech Weather Forecasters Still Rely on Old-Fashioned Balloons
When the latest computer forecast models couldn’t figure out where major Hurricane Joaquin was headed earlier this month, the National Weather Service ordered extra launches of one of its oldest tools — the weather balloon. Twice a day, in what …
29
10, 2015
Berkshire Hathaway GUARD Appoints Henderson as Florida Field Executive
Berkshire Hathaway GUARD Insurance Companies added Chris Henderson as a senior field representative to promote targeted growth in Florida. The growth in the state includes the addition of the company’s multiline commercial insurance product – BizGUARD Plus – that encompasses …
29
10, 2015
New Study Aims to Help Georgia Motorists Avoid Deer Collisions
University of Georgia researchers have a new study out that could tell motorists the most likely times for collisions with deer in different parts of the state. The research assessed available deer breeding information with reported accidents to calculate peak …
29
10, 2015
Judge Rules Lawyer’s Traffic School in Louisville Unconstitutional
A judge in Louisville has ruled that a local traffic school program run by the Jefferson County Attorney’s office is unconstitutional. Judge Sean Delahanty ruled the state law allowing such programs “is a poorly written statute that was rushed into …
28
10, 2015
Target Markets Study: Program Business Revenue Doubled in 5 Years
The financial performance of commercial property casualty insurance program administrators continues to outpace the performance of the overall property casualty insurance markets, according to the most recent study for the Target Markets Program Administrators Association (TMPAA). Program business premium revenues …
28
10, 2015
Activist Paulson Joins Icahn’s Call to Break Up AIG
Activist investor Carl Icahn said he owns a “large stake” in American International Group Inc. and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a systemically important financial institution. …
28
10, 2015
Heritage Taps Hutchinson to Lead Sales & Marketing in Mass., R.I.
Clearwater, Florida-based Heritage Property & Casualty Insurance Company has hired Peter J. Hutchinson as director of sales and marketing for Massachusetts and Rhode Island, a new position. He is based in Westfield, Massachusetts. In this new role, Hutchinson will spearhead …