Monthly Archives: <span>January 2007</span>

Don’t be guilty of ignoring the lawyers’ E&O marketplace

Every day hundreds of thousands of lawyers throughout the U.S. provide legal advice, depose witnesses, prepare and file various legal documents, negotiate contracts and settlements, make court appearances, attend administrative hearings, as well as provide a host of other legal …

Allied medical professional liability: healthy growth to continue

Allied Medical Professional Liability insurance provides coverage for those risks associated with the use of Allied Health care Providers (AHPs), commonly known as “nonphysician clinicians.” This coverage is also referred to as health care consultant or specified medical professional liability …

Sea of opportunity in the ocean marine market

How big is the United States ocean marine marketplace? The U.S. ocean marine market is quite large and diverse; the 2005 American Institute Report puts it at $2.83 billion. Most U.S. E&S carriers don’t participate in this class and many …

Billions at stake as Supreme Court weighs credit notice standards

News Currents Two large insurers defended their decision not to tell customers about their less-than-perfect credit, as the Supreme Court debated the legal standard for finding the companies liable under federal law. During an hour of argument, several justices seemed …

Pricing discipline key to P/C insurers’ repeat performance in 2007

News Currents Property casualty insurance industry earnings may have peaked in 2006 but that doesn’t mean 2007 will see a reversion to reckless price cutting and relaxed underwriting, according to experts observing the industry. Instead, insurers should be able to …

News Currents

Study: 20% of customers consider switching insurers after collision Nearly one out of every five customers considers switching insurance companies after a collision claim, according to a new the J.D. Power study. “Filing an insurance claim is a critical moment …

News Currents

Hundreds of Seattle residents want city to pay for flood damage Hundreds of Seattle residents want the city to pay them for flood damage caused by the city’s stormwater and sewage systems that were overwhelmed during Dec. 2006’s windstorm. More …

Silicon Valley oenophiles on alert after brazen wine heist

Silicon Valley, Calif., oenophiles are on alert after a brazen robbery occurred on Jan. 4, when thieves broke into a posh home and stole more than 150 bottles of wine. Estimated value: $500,000. The heist – thought to be one …

News Currents

Report: Drivers’ age, gender factors in severity of accident injuries Understanding the differences among drivers in different gender and age categories is crucial to preventing serious injuries, according to researchers in a new study showing statistical differences in traffic-accident injuries …

Agents, brokers ready to pursue ambitious legislative agenda in 2007

There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House passage of a surplus lines bill illustrated …