Illinois Insurance Director Michael McRaith recently announced a statewide effort to enforce Illinois’ statutes regarding certificates of insurance and warns producers and companies that violations can result in significant penalties. “The issue of amending or altering certificates of insurance that …
San Diego, CA, 03/06/2008 – ARROWHEAD General Insurance Agency, Inc. has announced its independent property and casualty insurance agents errors and omissions product will be underwritten with an “A” (XIII) rated carrier by A. M. Best Company. Offered nationwide, it …
Willis Group Holdings has released an alert from the Company’s Financial Institutions (FI) practice, which looks at the meltdown in the U.S. subprime mortgage industry, which it notes is an “issue that has dramatically impacted individuals and financial institutions around …
San Diego, CA – Arrowhead General Insurance Agency’s, Inc. new Professional Liability Division joins the company’s portfolio of nationwide products by offering Accountants Professional Liability, Insurance Agents Professional Liability and Miscellaneous Professional Liability. The programs were formerly affiliated with London …
The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct ties to lenders, an …
The lack of familiarity with Federal Acquisition Regulations and government immunities can leave U.S. government contractors exposed to costly lawsuits from customers and business partners, says Chubb Group of Insurance Companies. Contractors working for the Department of Defense or on …
The subprime mortgage lending blame game is in full swing — with people arguing about who’s at fault for mortgage defaults, bond losses and lender failures — but “we’re only in the very top of the first inning,” when it …
Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater Directors’ and Officers’ Liability (D&O) and Errors and Omissions (E&O) Liability claims in …
Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has published “A Year in Review – 2006 Update,” its fourth annual review of the liability market in England and Wales. The report provides …
To Improve Efficiency and Speed with Commercial Lines Quotes ATLANTA, GA and OKEMOS, MI – NetRate Systems, Inc., a leader in Property & Casualty Rating and Applications software, announces an agreement to provide a Commercial Lines Rating System for Gramercy …