An insurance broker was a representative for the California Fair Plan Insurance Co. with regard to the Northridge earthquake revival statute, which gave policyholders another year to file lawsuits against their insurers in connection with the 1994 earthquake, California’s 2nd …
Weather forecasters predicted that the 2005 hurricane season could be more active than normal, but no one thought it would produce 26 named storms and the most destructive storm on record–Hurricane Katrina. Katrina tested the mettle of the insurance industry …
The possibility of a global avian flu outbreak is haunting insurers–property/casualty, life and health–and it appears that there’s not much they can do to mitigate losses prior to a pandemic. Nevertheless, carriers can take steps to prepare for a viral …
Why do sexual harassment claims spike in January? Because the holiday office party is often seen as a “no fault zone” for improper behavior, which leads to alcohol-fueled incidents that injure both employees and companies. “The corporate holiday party is …
As insurance professionals, we are all familiar with “duty to defend” language commonly associated with general liability policies. But are you familiar with, or did you even know, there is “non duty to defend” language as well? This language is …
Seventeen named storms could strike the Atlantic basin next year, with nine developing into hurricanes, if predictions by William Gray and Philip Klotzbach of Colorado State University based in Ft. Collins come true. They forecast five major hurricanes with winds …
Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Co., has introduced xsInResponse to provide excess liability coverage for risks previously covered by an insurance carrier that is now insolvent. Available as an endorsement to AIG Excess …
Nuts & Bolts: The Chubb Group of Insurance Companies has developed an errors and omissions insurance policy for large financial institutions. BPL for Financial Institutions addresses traditional banking exposures, but can also respond to emerging fee-for-service exposures. The securities broker …
Seventeen named storms could strike the Atlantic basin next year, with nine developing into hurricanes, if predictions by William Gray and Philip Klotzbach of Colorado State University based in Ft. Collins come true. They forecast five major hurricanes with winds …
Richard Nauman Valencia, Calif.-based QualCorp Inc. has added two new members to its staff. John Spiker has joined as senior programming engineer, and Lourdes Cannon is now form technician. Ben Erdmanis Spiker is a computer programmer with a background in …
