A 224-page report from the Wharton School at the University of Pennsylvania recommends that Congress renew the current federal Terrorism Risk Insurance Act backstop but “only for a relatively short period of time.” The study suggests that the trigger for …
Brokerage Watch is a new bimonthly Insurance Journal department written by Charlotte, N.C.-based LMC Capital (www.LMCCapital.com), a national investment banking firm focusing exclusively on the insurance industry. Services include industry-specific advisory relating to mergers and acquisitions, capital raises and valuations. …
Fitch Ratings affirmed the “A-” insurer financial strength ratings on the members of the Liberty Mutual inter-company pool and revised the rating outlook on pool members to stable from negative. Additionally, Fitch assigned Peerless Ins. Co. inter-company pool members “A-” …
Cosgrove, Dean of American Insurance Journalists, Dies at 93 Acknowledged by many as the dean of American insurance journalists, John N. Cosgrove, 93, passed away on Aug. 3, 2005. Cosgrove served as a former editor of the National Underwriter magazine, …
As construction development in the United States reaches an all time peak, with overall spending up 7.5 percent in 2005 compared to 2004, agents and brokers writing contractor business are having a tough time locating markets to insure their clients. …
Consumers who initiate a homeowners insurance claim but never receive payment could find that single incident may be used by their insurer to cancel their policy, or raise their premium, under a new claims history model law that is being …
Brokers should disclose contingent commissions and other incentive agreements to consumers, industry experts said at the Western States Surplus Lines Conference held July 24-26 in San Diego. Participants in the “Ethics and Professionalism/ Current National News” panel disagreed, however, on …
WIAA SUBMITS COMMENTS ON LATEST GARAMENDI AGENDA PROPOSAL: The Western Insurance Agents Association submitted comments to the California Department of Insurance opposing yet another over-reaching proposed regulation impacting the insurance industry. Michael J. D’Arelli, vice president, Legislative & Regulatory Affairs …
California’s highest court ruled that country clubs must offer gay members who register as domestic partners the same discounts given to married ones – a decision that could apply to other businesses such as insurance companies and mortgage lenders. The …
E&O Liability Product Nuts & Bolts: Kansas City-based underwriting manager and claims administrator Euclid Managers LLC launched ProtoType, an insurance product for manufacturers. The product features errors and omissions, Web site protection, security coverage, copyright and trademark infringement, defamation, privacy …
