Florida Democratic gubernatorial candidate Rod Smith, of Alachua, Fla., has suggested a four-point plan he believes will fix Florida’s insurance woes. He has to be applauded for publicly acknowledging the state’s insurance problems and developing such a detailed plan (see …
Berkshire Hathaway, Iscar Berkshire Hathaway completed the acquisition of 80 percent of Iscar Metalworking Companies. Berkshire announced in May that it would pay $4 billion for the stake in the privately held Israeli company, which makes metal cutting tools. The …
ARBITRATION Allstate Insurance Company v. Great American Insurance Company (Super. Ct. N. J. June 15, 2006) Ruling: Insurance company could contest adverse arbitration finding where plaintiff insurance company improperly served demand for arbitration to incorrect address. Further, the incorrect policy …
In today’s marketplace insurers are moving towards a case-managed, victim advocacy approach with far less emphasis placed on the restoration of expense reimbursements. Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such …
Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no matter how analytical or strategic …
The names, birthdates and Social Security numbers of about 1,200 Allen County government employees were on a computer stolen from an insurance company office, officials said. Several Allen County employees received letters from Medical Excess LLC, telling them a file …
The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line offices and related entities all engaged in the wholesale insurance marketplace …
People Suburban Chicago-based Property Casualty Insurers Association of America appointed Genio Staranczak as its chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public policy issues facing the industry. He will incorporate analyses of …
The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. This law placed responsibility for insurance regulation with the states and has permitted insurers to employ joint …
Professional Liability Program Nuts & Bolts: London American Profess- ional Liability program designed for a diverse set of professions, including many types of consultants, insurance services, media and real estate classes. Coverage is offered on both a primary and excess …
