A. M. Best Company affirmed the “A+” (Superior) rating of Houston-based HCC Insurance Holdings Inc. subsidiaries Houston Casualty Company, U.S. Specialty Insurance Company and Avemco Insurance Company and removed their negative outlook, according to HCC. The company said A. M. …
In response to the increasing number of mold-related claims in the United States, GAB Robins North America Inc. subsidiary, Houston-based Engineering and Fire Investigations (EFI) Inc., now offers specialized services that identify, analyze and assess mold-related losses for residential and …
The Texas Department of Insurance will hold a hearing on mold coverage provided in the state’s residential property insurance policies in Corpus Christi August 21. It is the second of three hearings planned by the department to gather information on …
Allstate Insurance Company presented $54,890 to the Greater Houston Area Chapter of the American Red Cross to assist flood victims in the aftermath of Tropical Storm Allison. The money was raised through donations from Allstate agents and employees in Texas …
In the continuing quest for great customer service, I offer the following excerpt from a newsletter published by Jack Fries of Fries & Fries Consulting. Recently I received a renewal billing on my BOP which included four surprising things: 1) …
Insurance companies go through life cycles just like everyone else. Birth, life, and ultimately death by absorption or bankruptcy in order to make way for new and more efficient enterprises—but two failures in one month, three in the last four? …
Reliance Group Holdings (RGH), the parent company of Reliance Insurance Company (RIC), one of America’s oldest insurers which traces its roots back to 1817, filed for bankruptcy protection in the Southern District of New York on June 12. The petition …
Environmental pollution policies – they’re not just for oil industry giants and radioactive waste depositories anymore. Even the most seemingly benign businesses may carry the risk of producing, storing or emitting hazardous waste materials. Airports, apartment complexes, pig farms, prisons, …
Court decisions coupled with new state statutes are holding sellers of alcoholic beverages increasingly responsible for damages under liquor liability laws. Nevertheless, liquor liability insurance continues to be a quiet, if not dwindling, market in Texas and elsewhere. In fact, …
If the hospitality market has firmed recently to, say, the consistency of crème brulée, will it necessarily become more like peanut brittle in the coming months? Who knows? But like many areas of today’s economy, including most insurance markets, the …
