State Farm Insurance recently submitted several filings to the Texas Department of Insurance, aiming for a balance with rate adjustments that include a reduction auto rates but an increase in homeowners premiums. The company also is offering a bigger discount …
Last year’s Katrina-Rita disasters left behind many obstacles to recovery for businesses and with the start of another hurricane season, companies need to prepare for a another wave of predicted natural catastrophes, according to Dallas-based Haynes and Boone LLP Insurance …
Surgeons General Liability Nuts & Bolts: Avreco is now offering bariatric and general surgery physicians professional liability coverage. Eligible risks must be certified by the American Board of Surgery or the American Osteopathic Board of Surgery, and also a member …
Six hurricanes in 2005 caused $57.3 billion in insured losses, according to Insurance Information Institute, with Hurricane Katrina alone accounting for $40.6 billion of that total. And while many of the stories in newspapers and consumer magazines regarding damage from …
Question: What is the specific impact of the 2005 catastrophes on the Midwest? McRaith: There are three identifiable impacts on Midwestern residents. First, since the cost of reinsurance has gone up so significantly because of these catastrophes that cost is …
The Progressive Corp. appointed John A. Barbagallo as the new president of the company’s Drive Group. Barbagallo, who joined the company more than 20 years ago as a claims representative, currently serves as the Drive Atlantic Region general manager. Barbagallo …
The National Association of Insurance Commissioners adopted a revised resolution on catastrophic risk at its summer meeting in Washington D.C. “The resolution does a very good job of outlining many of the problems that we are currently facing,” said Donald …
Outdoor Sporting Program Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents, this program is available on a licensed and admitted basis in …
Despite knowing that driving and talking on a cell phone at the same time is dangerous, and that it is safer to use a hands-free device to hold the cell phone, a large majority of drivers with cell phones still …
Commercial Liability-AutoBauer v. Century Surety Company (Wis. App. May 2, 2006) Ruling: Unloading constitutes “Operation” under Wisconsin coverage statute. The court held that the commercial liability insurer of a motor carrier was obligated to defend its insured in a personal …
