Not knowing the difference between a “severability clause” and a “final adjudication exclusion” could have major consequences for audit committee members and their fellow directors. Board members who are ignorant of their directors and officers liability insurance could end up …
Mark Edwards During the Agency Peak Performance EXchange fall 2004national symposium, Tim and Mary Starrof the Greenfield, Wis.-based Starr Group accepted the Fall 2004 New Producer of the Year Award for Mark Edwards. Producer of the Year awards are based …
Strengthening Indiana’s weak insurance-fraud law will raise Indiana’s fraud statute to a par with other states, the Coalition Against Insurance Fraud told key legislators in testimony recently. According to the Coalition, Indiana’s insurance-fraud law is one of the weakest in …
Premiums have increased for some long-term care insurance policies issued to Minnesota consumers largely because policyholders are maintaining their coverage and interest rates have decreased in recent years. Those findings are contained in a Minnesota Department of Commerce report on …
Ohio insurance consumers continued to benefit from a healthy property/casualty market in 2004 and rates are not expected to change significantly in 2005, the state’s insurance department announced. Homeowners insurance rates offered by the state’s top ten insurers rose less …
The American Insurance Association termed proposed reforms by Gov. Rod Blagojevich to Illinois’ troubled workers’ compensation system a “good beginning,” but added that more work remains in order to truly fix the system. In his State of the State address, …
The U.S. Senate rejected what could have been damaging amendments and approved by a vote of 72-26 historic changes to the way class action lawsuits are handled. The vote almost assures enactment since the Senate measure, the Class Action Fairness …
The cost of auto insurance is expected to rise by just 1.5 percent in 2005, the smallest increase in five years, according to the Insurance Information Institute. The average cost for auto insurance nationwide for 2005 is estimated at $870–an …
While President Bush’s effort to remake Social Security from a social welfare program into a vehicle for individual retirement savings has been met with tepid reaction on Capitol Hill, another of his campaign-speech mainstays has fared better. That would be …
In a collection of works titled The Life of Reason, the philosopher George Santayana wrote, “Those who cannot remember the past are condemned to repeat it.” Currently there’s a momentous shift underway in the property and casualty insurance markets; we’re …
