Florida Preferred Insurance Company policyholders will be protected this hurricane season because company officials agreed to let the financially-troubled property insurer enter into liquidation effective June 1. “This decision is in the best interest of more than 140,000 Floridians who …
PMA Insurance Group has promoted Elaine Manchonto assistant vice president for commercial markets underwriting. Manchon, who will join PMA’s corporate headquarters staff in the company’s Blue Bell, Penna. office, will be responsible for helping to generate profitable revenue growth in …
The insurance industry was on pins-and-needles in early May when the Florida Legislature passed SB 2114 and extended when the state’s no-fault auto insurance law would sunset–but then the bill went onto the desk of Gov. Jeb Bush, who came …
The term “standard of care” often is thrown around when dealing with professional liability risks. A professional is regarded as someone who possesses special skills, experience and knowledge, and thus is held to a higher standard of care by law. …
As an insurance coverage lawyer, I have always found that one of my natural allies is the insurance defense lawyer handling the underlying case. While I represent the insurance company in a capacity that is potentially adverse to the insured/defendant, …
While you may not be able to avoid Mother Nature, having a contingency plan can help a company to mitigate loss. A contingency plan should include steps before a loss occurs, emphasized Mel Bangs, director of risk management for Omni …
Every day, the Equal Employment Opportun-ity Commission receives some 200 new employment practices liability complaints alleging discrimination based on race, sex, national origin, religion, retaliation, age and disability. Even if an employment-related claim is baseless, defense costs can be significant. …
If there’s anything to be learned from last year’s hurricanes Katrina, Rita and Wilma, it’s that the value of relationships before, during and after a claim is immeasurable, according to Mel Bangs, director of risk management for Irving, Texas-based Omni …
Combined Agents of America LLC (CAA), based in Austin, Texas, announced its newly elected 2006 management committee. Each management committee member is elected to serve a two-year term and is selected by CAA’s Board based on their leadership abilities and …
Insurers and associations give to Republicans, Democrats and Independents in state-level politics In the 2004 election cycle, the insurance industry was among the top 10 contributing industries to state party committees, according to the Institute on Money in State Politics, …
