TDI has proposed a rule that would limit insurer’s ability to deny homeowners insurance coverage based solely on a history of water damage claims. Insurance Commissioner Jose Montemayor previewed the new rule to state legislators at a hearing before the …
Farmers Insurance Company filed suit against Texas Insurance Commissioner Jose Montemayor and the Texas Department of Insurance (TDI) seeking to reverse an emergency cease and desist order issued against the company. Among other things, the C&D order prevents Farmers operating …
The floods that devastated Eastern Europe throughout August may have been caused by global warming, or by one of the 100-200 year storms probability theory predicts, or maybe just bad luck. They were in any case, the most ruinous in …
The insurance industry took a few hits at a recent Senate committee hearing on the use of consumer credit histories in rating and underwriting insurance policies. In addition to criticisms from consumer groups, the industry faced a number of hard …
Enron, WorldCom, Tyco, ImClone Systems and Adelphia Communications have become household names in the world of corporate mismanagement, poster companies for greed and corporate fraud run amok. True, you may agree, just before you ask: What do those companies have …
As far as commercial property and casualty coverages are concerned, it goes without saying that individual companies require specific types of policies to most effectively address risks inherent to their industries. The biotechnology industry is no exception—on the contrary, it …
The agency system is positioned to make significant progress with technology and business process improvement over the next three years, but progress will not happen on its own. It will be realized only through the active involvement of agency principals …
Like the insurance policy itself, most agents and brokers have been around a while. You’ve seen the agency slogans: “Serving Centerville Since 1902.” But being traditional isn’t good enough. In fact, there’s a downside to all this tradition—industry practices that …
One consistent trend throughout the United States is the difficulty in finding people to fill job openings. No matter where I travel, I hear this lament from agency owners and managers. In some areas of the country, there are price …
We have all heard the old adage that to succeed we need to do one thing and do it well. That might be one formula for success, but it is not the only one. There are two main types of …
