Following an investigation by the Texas Department of Insurance (TDI), the Federal Bureau of Investigation (FBI) and the U.S. Postal Inspection Service, seven Houston homeowners were arrested in connection with an alleged insurance fraud scheme. TDI says the homeowners intentionally …
For the past 25 years, our Directory of Excess, Surplus and Specialty Markets has been published each January and July. Beginning in 1998, we put that directory online at www.insurancejournal.com. Agents and brokers can access the online directory 7 days …
Insureds and cedants have sued their insurance agents, insurance brokers, reinsurance intermediaries or reinsurance brokers when their insurance carrier or reinsurer faced financial difficulty and could not respond to a meritorious claim. From my perspective, the various legal precedents and …
Juneau Takes Office At the 105th Annual Convention of the Independent Insurance Agents of Texas (IIAT) held June 13-14, in Houston, one of the most heavily attended in recent years, André P. Juneau of Frost Insurance Agency unit Nieman Hanks …
Having serviced the Excess and Surplus Lines’ community for a quarter century, Insurance Journal’s Excess & Surplus Directory continues its role in providing the latest markets for agents and wholesalers. “For a number of years we’ve had the print directory …
On May 23, 2002, the Texas Supreme Court issued its opinion in Mid-Century Insurance Company of Texas v. Boyte, a case that arose out of an underinsured motorist claim. The Court addressed the issue of whether the common law and …
Last January separate panels of analysts who follow the insurance industry and CEO’s of insurance companies predicted a “foreshortened” cycle, a brief hard market that would give insurers little relief from the woes brought on by their own lack of …
Considering Texas has one of the most difficult insurance markets in the country right now, Insurance Commissioner Jose Montemayor comes across not at all as one might expect—an embattled public official scrambling to shore up an unprecedented homeowners crisis as …
Lloyd’s of London is perhaps the most well known insurer in the U.S., not only due to its 300 years of existence, but also because this country is the London market’s biggest customer, accounting for over 35 percent of its …
WorldCom’s recent revelations of accounting irregularities that resulted in the company overstating pretax profits by nearly $4 billion in 2001 and early 2002 are yet another blow to a directors and officers (D&O) liability insurance market already suffering from scandals …
