Commercial Insurance

21st Century Holding Company’s Subsidiary Approved to Write Commercial Residential Property by Florida’s Office of Insurance Regulation

July 9th, 2009

Federated National Insurance Company (”Federated National”), a wholly-owned subsidiary of 21st Century Holding Company insurance holding company, today announced that it received approval from the Florida Office of Insurance Regulation (”OIR”) to write commercial residential property business in the state of FloridaMichael H. Braun, President of Federated National and Chief Executive Officer of 21st [...]

XL Insurance’s Environmental Division Launches Commercial Business Unit to Provide Pollution Insurance to Small and Mid-Size Businesses

February 3rd, 2009

XL Insurance, the global insurance operations of XL Capital Ltd announced that its Environmental division has launched a new commercial business unit dedicated to providing pollution coverages to small and mid-size businesses.
The new Environmental Commercial Business Unit is dedicated to handling pollution insurance requests for small to mid-size businesses, particularly in the construction and [...]

XL Insurance Unveils Pollution Insurance for Property Owners and Managers, a New Program for Commercial Real Estate Portfolios

January 23rd, 2009

XL Insurance, XL Capital Ltd’s global insurance operations, unveiled Pollution Insurance for Property Owners and Managers, a suite of pollution insurance endorsements and claims and risk management services to help protect the value of commercial real estate (CRE) portfolios in the U.S.
Rich Corbett, head of XL Insurance’s Global Environmental unit, said: “Environmental risks are [...]

Nationwide Insurance Announces New Commercial Auto Product Features

January 7th, 2009

Nationwide Insurance is pleased to announce new commercial auto product features with the Commercial Auto Plus Endorsement. It provides the following coverages, and more:
New Vehicle Replacement Cost Coverage – Nationwide’s Commercial Auto Plus Endorsement can cover new private passenger vehicles, or pick up trucks up to 20,000 gross vehicle weight, without depreciation, if they are [...]

Chartwell Introduces Commercial Storage Insurance Program

January 7th, 2009

Chartwell Independent Insurance Brokers LLC, a leading wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, announced the launch of its Commercial Storage Insurance (CSI) Program. This program offers specialty insurance coverage for warehouse and storage facilities, including self storage, mobile storage, boat and recreational vehicle (RV) storage, cold storage, and cargo. Working exclusively [...]

AIG Commercial Insurance Streamlines Casualty Insurance for Public Entities Through Lexington Insurance Company

January 6th, 2009

AIG Commercial Insurance, announced that it will service all casualty insurance coverage for the public sector through its Lexington Insurance Company unit. Specifically, effective as of January 1, 2009, Lexington’s Casualty Division will manage the public entity commercial umbrella and excess casualty portfolio of AIG Specialty Excess, a division of AIG Excess Casualty, which along [...]

Zurich North America Commercial and Presidio Reinsurance Group Announce Strategic Relationship Strengthening Their Positions in the Specialty Health Marketplace

July 8th, 2009

Zurich North America Commercial’s Accident & Health (A&H) group and Presidio Reinsurance Group announced today their formation of a strategic relationship to provide a broad range of risk-relief programs to the health care market.
As industry leaders with a long-term commitment to the accident and health industry, Zurich and Presidio will leverage their extensive portfolio of [...]

AmTrust Financial Services, Inc. to Present At FPK Small & Mid-Cap Bank and Insurance Conference in New York On Wednesday, June 17, 2009

June 16th, 2009

AmTrust Financial Services, Inc. announced that The Company will be participating in the 2009 Fox-Pitt Kelton Cochran Caronia Waller (FPK) Small & Mid-Cap Bank and Insurance Conference being held on June 17, 2009. The conference will be held at The Roosevelt Hotel New York, located in mid-town Manhattan.
AmTrust President & CEO Barry Zyskind is scheduled [...]

XL Insurance Teams Up With National Indemnity To Provide ‘Side A’ Directors & Officers Coverage

June 9th, 2009

XL Insurance, XL Capital Ltd’s global insurance operations, announced a new agreement with National Indemnity Company (”National Indemnity”), an insurance company subsidiary of Berkshire Hathaway Inc. Under this agreement, and its related reinsurance agreement, National Indemnity will issue endorsements to “Side A” Directors & Officers policies.
“Given today’s business climate, we believe that this enhanced ‘Side [...]

Economic Crisis Impacts Massachusetts Fire Departments, According to a New National Survey Sponsored by Fireman’s Fund Insurance Company

June 9th, 2009

The current economic crisis is negatively impacting fire departments in the state of Massachusetts, according to a comprehensive national survey of firefighters from nearly 9,500 fire departments or 30 percent of departments in the country, including 195 fire departments in Massachusetts.
“Supporting Safer Communities: A National Fire Service Survey,” sponsored by Fireman’s Fund Insurance Company, found [...]