National Underwriter's Guide to the E&S/Specialty Lines News


Wholesale Veterans Launch Brokerage Co-Op; Retail Clients Are Part Owners
"A difficult insurance market creates opportunities." That's how John Hahn, co-founder of Wholesale Trading Co-Op Insurance Services LLC, begins to answer the question of why it makes sense to launch another new wholesale brokerage during a soft market.


Customer Service Foils Hijackers
As retail brokers struggle with the declining revenue of a continuing soft market, they are engaging in some activities that frustrate wholesale brokers, according to E&S broker executives.

CSA Creates Challenges, Opportunities For Specialty Agents, Trucking Insurers
With the delivery of warning letters to motor carriers from the Federal Motor Carrier Safety Administration still months away, transportation insurers are struggling to determine how to react to potential changes in exposure from the new oversight system, according to a coverage expert. Tommy Ruke, president of Insurance Business Consultants in Fort Myer, Fla., described scenarios that could prompt midterm policy cancellations as the FMCSA's CSA initiative moves forward.

Medical Liability Writers Fear Getting Hammered Without Tort Reforms
Plaintiffs' attorneys are stepping up their attack on medical liability tort reforms in several states and having success with the rollback of legislation in Illinois and Georgia, overturning caps on noneconomic damages, or pain and suffering.

Crump P&C Acquires Target Underwriting Management Corp
Roseland, N.J.-based insurance wholesaler Crump Group announced its subsidiary, Crump Property & Casualty Insurance Services, has acquired Target Underwriting Management Corporation, an Avon, Conn.-based managing general underwriter and program administrator.

PRS Acquires Gremesco of Florida Assets
Professional Risk Solutions, a Warren, N.J.-based professional liability wholesale insurance broker, said it has purchased the assets of Gremesco of Florida, LLC., expanding PRS' presence within the Southern U.S. marketplace, PRS said.

This Month in NU Magazine
In National Underwriter magazine this month, the Oct.18 edition will include a post-conference report from the annual meeting of National Association of Professional Surplus Lines Offices, Ltd.

Magazine Subscription     Advertise     Contact Us     Home

More eNewsletters from National Underwriter Property & Casualty:
National Underwriter Property & Casualty Daily
National Underwriter Property & Casualty Web Seminar Updates
National Underwriter Property & Casualty Updates

Connect with us: Follow us on Twitter!

National Underwriter Property & Casualty
5081 Olympic Boulevard | Erlanger, KY 41018 | 1-800-543-0874

You have received this email at %%emailaddr%%.
Click here to unsubscribe from this email list
© 2010 Summit Business Media, All rights reserved. Privacy Policy
Summit Business Media