Berkshire Hathaway, General Electric Omaha, Neb.-based Berkshire Hathaway and Kansas City, Mo.-based General Electric announced that GE Insurance Solutions’ sale of Medical Protective Corporation to Columbia Insurance, a unit of Berkshire Hathaway, became effective recently. The sale price was $825 …
Property casualty insurers have outlined what they term a “market-based” approach to providing terrorism risk insurance. The proposals include repeal of some state laws on fire policies and creation of a national reinsurance pool that would grow as the government’s …
California’s Low Cost Auto program may or may not continue, depending on the passage of SB 20 (Escutia), which would extend the pilot program beyond its Jan. 1, 2007, sunset date. The bill was re-referred to the Assembly Committee on …
Michael Kraker, the man behind www.golflawyer.com, maintains that although club owners may think they are safe from liability for errant balls, a case involving Middlebrook Country Club in Rehoboth, Mass., and two neighboring property owners (see page N10, “Fore! Golf …
The softening market has provided some welcome price relief for golf and country clubs, which had weathered significantly higher premiums in the last few years. To agents and brokers writing golf and club business, this is an opportune time to …
In today’s environment, work place injuries remain a topic of concern for employers and insurance professionals alike. Many risk managers have worked with employers to develop effective injury and illness prevention programs, host regular safety meetings with monthly tailgate topics, …
One of the most problematic insurance questions that developed following the destruction of the World Trade Center on Sept. 11, 2001, involved business interruption coverage. With the destruction of the World Trade Center complex, there was significant disagreement as to …
American International Group Inc. announced that AIG Vice President Charles Dangelo has been appointed AIG’s senior reinsurance officer, effective immediately. In this role, he will be responsible for all outward reinsurance relationships involving AIG companies. Dangelo will continue to be …
If you believe the stereotype, insurance adjusters love golf. When I first began working in the insurance claims industry 15 years ago, I was told a joke about the industry: Three 10-year old boys are bragging about their dads, as …
Auto injury claimants from four states seek different types of medical treatment, even though they report similar injuries, according to a study of insurance claims by the Insurance Research Council. The study examined auto injury claiming behavior in California, Illinois, …
