Louisiana Commissioner of Insurance Robert Wooley said preliminary estimates show Tropical Storm Bill caused around $16 million in insured damages in Louisiana. Included in that figure are federal flood insurance claims. Wooley noted that the losses caused by Bill are …
While some of us may be living easy at the beach or in the mountains during the summer, it’s typically the season when auto thieves do most of their work. And it’s also a time when vehicle theft watchers come …
Lost amid news of the Kemper Insurance Cos.’ precipitous slide in financial health is how badly its relationships with the agents and brokers needed to market its products had deteriorated. A number of agents have admitted they felt alienated by …
There is a question that bounces back-and-forth when it comes to services: Do I get better service from a national company that has numerous products at its disposal nationwide or do I get better service from the local company who …
California’s $38 billion budget deficit garners lots of headlines and attention these days, but the state of Oregon is facing similar gridlock over how to solve their fiscal woes. Oregon’s political environment is entirely split. Democrat Ted Kulongoski, a former …
If you could see your agency today with the eyes of tomorrow, what would be the view? Too many agencies have no idea. Caught up in the continuing race to keep up with, if not ahead of, the competition, many …
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. …
This is the second in a three-part series on captive premium financing. Part Three will run in the Aug. 18 issue of Insurance Journal. Agents and managing general agents that become interested in the set-up and formation of a captive …
S&P’s placed all its long-term ratings, including its “A-” counterparty credit and insurer financial strength ratings, on France-based reinsurer SCOR and subsidiaries on CreditWatch with negative implications. The placement follows the reinsurer’s disappointing first quarter results, diminished business position and …
A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James River Group Inc., a Delaware holding company organized …
