Colorado can expect three to four catastrophic hailstorms every year, according to the Rocky Mountain Insurance Information Association. The group said the damaging hail season is considered to be from mid-April to mid-August. Colorado’s Front Range is located in the …
The AccuWeather.com Hurricane Center in State College, Pa., led by Chief Forecaster Joe Bastardi, in its 2006 hurricane season forecast predicted an active hurricane season that could have major repercussions for the U.S. economy as well as the one in …
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. …
“From its inception and until recently, the best thing the National Flood Insurance Program had going for it was a run of good luck. Even with such good fortune, however, the program could not avoid running in the red on …
The commercial insurance industry remained a buyers’ market in 2005, and shows no signs of hardening any time soon, according to the 2005 Annual Benchmark Survey from the Risk and Insurance Management Society (RIMS). The 2005 survey revealed that the …
After peaking in 2004, the number of total federal products liability lawsuits filed in the United States declined by 14 percent last year and is on pace to decline an additional 16 percent in 2006. The data was compiled with …
Preliminary findings suggest that during Hurricane Katrina, the 17th Street Canal levee in New Orleans may have slid on a layer of weak clay beneath the peat that underlies the earthen structure. Researchers at Rensselaer Polytechnic Institute in Troy, N.Y., …
Arkansas Workers’ Compensation Jones Brothers Inc. v. Whitlock, et al. (Ark. May 4, 2005) Prime contractor liable for workers’ compensation benefits owed to employee of uninsured subcontractor: The Supreme Court of Arkansas interpreted Arkansas Code §11-9-402(a) before its amendment in …
The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist, said during the recent National Council on Com-pensation …
Seattle-based Safeco Insur-ance Companies has decided sell products via the Internet to supplement its existing and preferred sale channel of independent agents, the company reported. Safeco began exploring this new distribution strategy in March, and based on feedback it received …
