I find that nursing homes are in a serious crisis in trying to obtain medical liability coverage,” Texas Insurance Commissioner José Montemayor said in February, as he announced the Texas Department of Insurance (TDI) would for the first time allow …
It’s the twelfth round, and the technology industry has been badly battered—but it’s still in the ring and on its feet. Participants in the new economy that have held on thus far are forging ahead, priorities in place, in the …
Oil and gas drillers in Texas are averaging about 40 new holes in the ground every day as the pace of looking for petroleum, especially natural gas, continues unabated in Texas and elsewhere, and that’s understandable. Industry forecasts estimate a …
The typical CGL policy provides coverage for damage resulting from an “occurrence,” but includes a number of exclusions which limit coverage for an insured’s own work. Exceptions are provided, however, when their work causes damage to other property, or, in …
Sometimes less does mean more. While there were fewer catastrophes for the second quarter of 2001 compared to recent years, the damage that those left in their wake was enough to send a number of insurers scrambling to cover for …
After the decision by Farmers Insurance to put the brakes on writing new homeowners policies in Texas beginning Aug. 15, the market in Texas experienced an upheaval, according to the Independent Insurance Agents of Texas (IIAT). The association said other …
Five felony counts of insurance fraud, tax fraud and money laundering led to the sentencing of a San Mateo, Calif. man last week. Laurence Bennett Guy, owner of Guy’s Roofing in Redwood City, received a one-year sentence, along with being …
Insurance veteran G. Barry Klein joined Irvine, Calif.-based wholesaler Superior Access Insurance Services as vice-president of sales for its technology sister, Superior Access Internet Software. Klein is best-known for his long-time industry public site, www.ultimateinsurancelinks.com. Originally an independent agent, he …
The Progressive Corporation reported that for July 2001, the Company produced a GAAP combined ratio (CR) of 94.7. Net premiums written for the month increased 16 percent to $732.3 million, compared to $634.0 million last year. Net premiums earned increased …
According to Mealy Publications, a trio of insurance coverage lawsuits related to cell phone personal injury litigation have been filed in recent weeks. Zurich-American Insurance Co. on July 23 filed actions in New York and Texas state courts seeking declaratory …
