Declarations
Identity Theft “A security freeze puts control of a consumer’s credit report where it belongs — in the hands of the consumer … Until now, only victims of identity theft could place a freeze on their credit reports.” Illinois Attorney …
It Figures
$20 billion The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized coverage for some of the riskiest …
28.5 million holiday party hosts likely underinsured, study says
Most of the 28.5 million Americans who plan to host a party between Thanksgiving and the Super Bowl are underinsured, according to a new study by Trusted Choice. Of those 28.5 million party hosts, 21.3 million do not have a …
Insurance priorities for the U.S. Senate
Sen. Chris Dodd, D-Conn., is the incoming chairman of the Senate Committee on Banking, Housing and Urban Affairs, which has jurisdiction over flood and terrorism insurance, as well as over regulation of insurance, credit and other financial services markets. The …
New Markets
Commercial Property Managers Nuts & Bolts: The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and managers. The Hartford’s target market encompasses owners and managers of …
Fraud Roundup
Ohio arsonists pair ‘light up’ in pool of gasoline It’s not easy being an arsonist. Just ask Musa Shteiwi and his son Essa who had a clear criminal vision for their Steak Thyme Subs eatery: They wanted to torch the …
New rules mean bytes of electronically stored info could have big bite
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 …
Dissecting a claims made policy
You’ve heard the phrase: “If I could predict the future, I would be wealthy.” If our industry truly could do that, underwriting, rating and pricing would become the easiest tasks on the planet. Short of predicting the future, however, underwriters …
People and Places
Zurich Financial Services Group has appointed Maine Insurance Superintendent Alessandro A. Iuppa as head of Government and Industry Affairs for General Insurance, and as chief government affairs officer, North America. Both appointments are effective Jan. 15, 2007. Based in Washington, …
Credit scoring an issue in 2007
Even though 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases …
