May 31, 2005The Insurance Journal"Chicago-based wholesaler AVRECO recently announced a new medical liability insurance market for borderline nonstandard physicians and surgeons. The program is geared toward doctors "headed for the standard market" but who aren't quite there yet, according to AVRECO..."
National Underwriter P&CWashingtonBY ARTHUR D. POSTAL"Ernst Csiszar, the ex-NAIC president who now heads a major insurer group, says enforcement mechanisms are a must if a proposed federal regulatory standards bill is to have any chance of success..."
National Underwriter P&CWashingtonBY ARTHUR D. POSTAL"A big battle is brewing between the National Association of Insurance Commissioners and the leadership of the House Financial Services Committee over efforts in Congress to draft federal regulatory standards legislation..."
May 23, 2005The Insurance Journal"After an unprecedented hurricane season last year and experts predicting the formation of more than 13 named Atlantic storms this season, Florida's Chief Financial Officer Tom Gallagher is issuing a warning to consumers: Prepare now. The official start of hurricane season is June 1 and it ends Nov. 30..."
May 23, 2005The Insurance Journal"More than 650 members attended the May 20-21 annual conference and trade fair held in Orlando, Fla. by the Specialty Agents of Florida. The event was described as a resounding success featuring the best turnout to such an event since 1996. The exhibit hall highlighted the products and services of 65 exhibitors, up from 45 last year..."
May 22, 2005The Insurance Journal"Court statistics were improperly used in a study released last week that concluded the Illinois tort system is not the cause of medical malpractice premium increases, according to the American Insurance Association..."
May 23, 2005The Insurance Journal"Mike Hammond, the CEO of Jardine Lloyd Thompson Risk Solutions Ltd., told delegates at a conference in Lugano, Switzerland, that the 'insurance industry must invest in the necessary technical skills if it is to achieve the efficiencies in the process and bespoke solutions demanded by major corporations...'"
May 20, 2005The Insurance Journal"A record number of agencies submitted entries for the 2005 Top Independent Insurance Agencies listing in Insurance Journal, which was published in the May 9 edition of Insurance Journal's five regional print magazines..."
May 18, 2005The Insurance Journal"As the season's first tropical storm now brews in the Pacific and is about to cross-over into the southern Gulf of Mexico toward Cuba, the National Oceanic and Atmospheric Administration has predicted there will be 12 to 15 tropical storms this season, with seven to nine becoming hurricanes. NOAA predicts hurricane activity will be 70 percent above normal..."
May 18, 2005The Insurance Journal"The New York State Senate confirmed today Governor George E. Pataki's nomination of Howard Mills as Superintendent of the New York State Insurance Department. Mills has been serving as acting superintendent since January 2005..."
May 13, 2005The Insurance Journal"A House committee voted 12-2 last month for proposal backed by doctors and Republicans to cap noneconomic damages such as pain and suffering that malpractice victims can win in court, only to see it stymied in the floor when Democrats proposed amendments that would have gutted the bill. The proposal also included protecting doctors' personal assets in lawsuits and shielding hospitals from some legal claims..."
ERRORS & OMISSIONS INSURANCE for TECHNOLOGY COMPANIES is more vital than ever these days! Reasons for this include increased frequency of lawsuits, increased damage awards by juries, clients requiring it from their service providers, holdharmless clauses in contracts are not bulletproof and sound professional practices are no guarantee that the insured will not be brought into a claim. We at AVRECO have several Bests A rated carriers willing to write the traditional liability exposures and cyber related liability risks.For more information, please contact:AVRECO ChicagoPeter Upjohn, VPPh: 312.294.5621Fax: 312.803.2179Email: pupjohn@avreco.comAVRECO New YorkOscar Carrion, AVPPh: 212.968.9650Fax: 212.202.5439Email: ocarrion@avreco.com
May 4, 2005 National Underwriter"The specialty program market appears primed for expansion as carriers more aggressively seek new business, according to results of a survey by Guy Carpenter & Company Inc...."
May 2, 2005The Insurance Journal"'Ethics in the Wholesale Insurance Marketplace' workshops concluded on Saturday afternoon with a round-table discussion, led by Ernest Csiszar, president of the Property and Casualty Insurance Association of America, about increasing pressures on the insurance industry during the past year due to unprecedented natural disasters, proposed national legislation and efforts to increase government regulation..."
AVRECO's dedicated in-house Professional Underwriting staff is proud to announce a new online feature: Fast, Online Indications For Your EPLI RiskAs you know, AVRECO's in-house Professional Underwriting staff has been underwriting professional liability insurance for almost 35 years and has consistently provided our customers with fast, reliable quotes. Now our valued customers can get an indication on their risks with only four pieces of basic information: - Insured Name
- Zip Code
- Nature of Business
- Number of Full- & Part-Time Employees
**Once you have entered this basic information, you will be emailed an indication on your risk. Please note that this quote is not binding and is based on no prior claims. If your EPLI risk has prior claims, please send us a completed EPLI application (click HERE to download) along with claims details.**
For further assistance, please contact: Linda Deiss, Program Manager Ph: (312) 294-5475 Fax: (312) 803-2170 Email: ldeiss@avreco.com Marcia Gloppe, Underwriter Ph: (312) 922-7570 Fax: (312) 416-7992 Email: mgloppe@avreco.com
May 2, 2005The Insurance Journal"Lloyd's View of Challenges Facing the U.S. Insurance Market will be discussed by Lord Levene of Portsoken KBE and chairman of Lloyd's of London during the keynote speech during the May 3 American Association of Managing General Agents annual business meeting at the Grande Lakes Resort in Orlando, Fla..."
