The Texas Senate State Affairs Committee finished work on Senate Bill 5, which would drastically change Texas’ workers’ compensation system, and the committee substitute SB 5 now goes to the full Senate for consideration. Sen. Todd Staples of Palestine, who …
Two bills addressing uninsured drivers are making their way through the Oklahoma Legislature. House Bill 1351, which would require a system for instant verification by law en-forcement officers of a driver’s auto insurance, has passed the House. HB 1541, which …
Large medical malpractice verdicts and settlements were not to blame for a rapid increase in insurance premiums for Texas doctors and hospitals, according to a study by law professors at the University of Texas at Austin and elsewhere, the Associated …
Nuts & Bolts: ISO introduced a new line of insurance to cover cyber risk. The new program includes policy contract forms, underwriting rules, loss costs (projections of future claims) and an advisory application supplemented by an advisory underwriting guide. The …
Nuts & Bolts: The Hartford Financial Services Group Inc. introduced Universal Excess, a new excess insurance policy that fits over directors and officers, fiduciary, employment practice, miscellaneous professional and tech errors and omissions products issued by any insurer. Universal Excess …
Nuts & Bolts: Los Angeles-based Lemac and Associates has a new residential wrap-up market. The carrier is new to the wrap-up market, so they have a large capacity for condominium, townhouse, apartment and single-family dwelling projects. Dollars: Minimum premiums vary. …
Nuts & Bolts: Victor O. Schinnerer and Co. is offering an admitted property policy for all types of public entities. The policy features a specialized property enhancement for public entities, which provides higher limits for various coverages and causes of …
Nuts & Bolts: Prism Inc. is offering a new habitational real estate program that covers HOAs, apartments, condos, offices and strip-malls that qualify. Dollars: Limits are $300 million per occurrence, per location. Deductibles range from $5,000 to $10,000 for property, …
Nuts & Bolts: Abacus Insurance Brokers has a new event cancellation program that is being distributed online through the APM Platform and is available exclusively to brokers. In real time, brokers can quote and bind online. Coverage is available for …
The Texas Department of Insurance issued a fraud alert pertaining to two San Antonio insurance agencies, The Insurance Center and The Insurance Connection, operating at 539 South General McMullen, 924 S. Zarzamora, and 710 Bynum St. TDI said the agencies, …
