While Italians sadly said farewell to the Torino 2006 XX Olympic Winter Games, held Feb. 10-26, insurers are happy the event came and went without a hitch. For the first time, the International Olympic Committee purchased an event cancellation policy …
After the federal court decision to pass the Mississippi flood vs. wind damage case back to state court, attorneys on both sides began lining up and preparing for what could become a long and hard-fought battle. Richard ‘Dickie’ Scruggs must …
The Commissioners are now fully prepared to go before their various legislative committees with recommendations for a system of insurance law which shall be the same in all States — not reciprocal, but identical; not retaliatory, but uniform. This statement …
After the wreckage caused by last year’s Hurricanes Katrina and Rita, many home insurers in southern Louisiana are refusing to write new policies, or are leaving vulnerable coastal community markets in fear of potential losses occurring from future storms. Concerned …
Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants. Oil companies, mortgage brokers, a shipping firm and a debris removal contractor have all been sued. One lawsuit seeks to cover all the bases. Gerald Maples, …
Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance Information Institute, posed that question at the recent Chartered Property Casualty Underwriters Society …
Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and are designed to justify insurance premium increases. RMS declined to address the specific …
The number of all terrain vehicles (ATVs) in the U.S. increased from 4 million in 1998 to around 7 million in 2003, according to a study published by the Oklahoma State Medical Association in 2005. Addition-ally, the ATV Safety Institute …
Conroe, Texas-based managing general agency and wholesale insurance broker Surplus Inc. announced key promotions within its management team. Debra Bowers was promoted to executive vice president. Bowers has 25 years of experience in the industry with 23 of these years …
Unlike other sales and service companies, independent insurance agencies have a management function in their daily operations. Most property and casualty insurance agencies agree not only to sell and service insurance products, but they also receive transacted premiums, maintain them …
