Happy times are here again for professionals who operate in the excess and surplus lines arena—at least as far as making money goes. Rates are up, bringing commissions up with them, and in many lines the pull back of standard …
Happy times are here again for professionals who operate in the excess and surplus lines arena—at least as far as making money goes. Rates are up, bringing commissions up with them, and in many lines the pull back of standard …
I put the low point of prospects for independent agency success somewhere in mid-1997. We were in the worst of the soft market. Its impact on agency finances was devastating. Insurance companies were experimenting aggressively with alternative distribution systems, which …
Coverage for technology torts—”techno-torts” or “cybertorts”—is limited under the standard general liability policy. “Coverage A” of the standard CGL form requires bodily injury or property damage, and may not extend to loss of data, business interruption or other intangible loss. …
What have you done in the last six months? Former Louisiana Commissioner Jim Brown lost 28 pounds, read 100 books, cooked for hundreds of people daily and squeezed in a weekly World Wide Web column between two book projects. Of …
One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an …
The Independent Insurance Agents of Texas’ annual convention, to be held June 19-21 at the San Antonio Convention Center and Hyatt Regency, will feature two and a half days of continuing education workshops, one-on-one consultation sessions, a huge trade show …
The strong likelihood of new tort reform legislation and the addition of 200 new member agencies are the biggest achievements of Andre Juneau’s one-year tenure, the outgoing president of the Independent Insurance Agents of Texas (IIAT) told Insurance Journal. While …
S&P’s assigned its “BBB-” preferred stock rating to Ace Ltd.’s $500 million, 7.80 percent cumulative redeemable preferred shares, Series C offering. Ace may redeem these shares any time after May 30, 2008. S&P’s also affirmed its “BBB+” counterparty credit and …
A.M. Best Co. downgraded the financial strength ratings to “C” (weak) from “B” (fair) of Arizona-based Republic Western Insurance Co. and Louisiana-based North American Fire & Casualty Insurance Co. The outlook is negative. The companies are all subsidiaries of Reno, …
