Insurance agents who sell personal lines in California might be getting more calls than usual from consumers seeking auto insurance, now that the state is cracking down on uninsured motorists. Following legislation SB1500, the Department of Motor Vehicles has begun …
At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry. While entirely different in their …
10 No rule change for Allstate in La. 11 ID theft warning in Okla. AG cites scam targeting customers of Ketchum bank 11 Agents selling federal flood policies must have training Ark. reminds producers of their responsibilities under NFIP MARKET …
ID theft warning in Okla. Oklahoma Attorney General Drew Edmondson issued a consumer alert to customers of First State Bank in Ketchum warning them about a scam being perpetrated in their area. According to the AG’s office, the bank had …
Insurance agents want to avoid litigation, but it is not always possible. When agents become involved in litigation in federal court, it is important for agents and their attorneys to understand the new Federal Rules of Civil Procedure governing electronically …
No long-term negatives “Fortunately lawmakers did not pass legislation that will have negative long-term consequences for consumers and the insurance market.” — Greg LaCost, assistant vice president and regional manager for Property Casualty Insurers Association of America (PCI), commenting on …
A panel of state insurance regulators on Dec. 15 rejected a proposed rule change that Allstate Insurance Co. cites as critical to deciding the company’s long-term future in Louisiana after Hurricane Katrina. The Louisiana Insurance Rating Commission voted 4-to-1 against …
Texas is improving. The Rio Grande Valley and Texas Gulf Coast slipped to third place on the American Tort Reform Foundation’s (ATRF) 2006 “Judicial Hellholes” report. Last year it landed in the top spot. For the fifth year in a …
Over the last decade, I have participated in the drafting of dozens of settlement agreements between carriers and insureds commonly called “buybacks of insurance” or simply “buybacks.” These settlements usually take place where there are a number of claims for …
The Independent Insurance Agents of Texas appointed P. Scott Hubacek to the newly created position of IIAT Member Services Ambassador. Hubacek will be responsible for recruiting new members and for helping new and existing members increase use of programs and …
