Client Education
Are you an insurance agent, or are you an insurance educator? If you don’t know the answer, chances are pretty good that you are an agent. Anyone who has sold insurance for even a short period knows that the world …
By W. Randolph Zator
Not all Oil & Gas programs are created equal The American market has expanded in numbers from AIG Oil Rig, principally alone 30 years ago, to perhaps 10 domestic energy markets. Other foreign carriers in Bermuda and some in Europe …
National Association of Insurance Commissioners
The Antifraud Task Force cited the need for a uniform database that would allow state authorities to track vehicles damaged by floods. Federal Bureau of Investigation targeting insurance fraud Agent reports to insurance regulators on double-dipping, prior damage, stolen property …
Lloyd’s Market
Lloyd’s Chairman Lord Levene with newly-appointed Chief Executive Richard Ward. New chief charged with improving market efficiency, moving the market to the next level By Charles E. Boyle In an announcement that surprised no one in London’s tight knit insurance …
SPECIAL REPORT: Surplus Lines
Earthquakes, floods and wildfires oh my! Solid disaster recovery plan keeps surplus lines brokerage firm afloat in New Orleans In the wake of Hurricane Katrina, the New Orleans area office of Crump Insurance Services was left without a home, like …
RMS CEO sees bigger catastrophe losses
Speaking at the World Insurance Forum in Bermuda, Hemant Shah, Risk Management Solutions CEO, warned that insurers should be preparing to increase their reserves for catastrophe losses, not only due to the unprecedented 2005 hurricane season, but also to prepare …
News Currents
Berkshire’s Buffett still high on insurance despite catastrophe risk Gen Re misfortunes overcome by Geico’s stellar performance, Buffett says Warren E. Buffett, the billionaire chairman of giant Berkshire Hathaway, praises the performance of his primary insurance units, particularly Geico, in …
Insurers back in court over World Trade Center
Insurance companies asked a federal appeals court in New York earlier this month to reject a jury verdict that would enable developer Larry Silverstein to obtain an extra $1.1 billion to rebuild the World Trade Center complex. Meanwhile, Silverstein’s lawyers …
National Council of Insurance Legislators
Panelists agreed unanimously that uniform statewide building codes are necessary to have everyone prepared for hurricanes and that local building departments had to enforce stronger codes. Up-to-date building codes, standards equal effective ‘disaster mitigation’ Sound, up-to-date and successful building codes …
SPECIAL REPORT: Surplus Lines
With the eyes of Congress turning to insurance reform, most commentators are focused on how change might affect the overall insurance industry and agents. But the often-overlooked surplus lines segment of the industry could end up looking different, maybe even …
