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

Business Moves

Hub, Coburn Hub International Ltd. announced plans to acquire Vermont-based Coburn Insurance Agency Inc. Hub International recently expanded its transportation practice with the acquisition of Kaufman and Kaufman, a $9 million revenue brokerage based in Salt Lake City. With the …

Do your construction clients know what they’re getting?

If you have construction clients, you may know there are several relatively new policy form options available. These options have increased in recent times, including the introduction of limited reporting periods, or “sunset clauses” and “first manifestation provisions.” These options …

Declarations

The Earth isn’t flat “It’s not that they’re bad investigators or there’s been any conspiracy to promulgate erroneous conclusions — it’s just the way it was. How many years did we think the Earth was flat?” — Richard Custer, former …

Enron’s legacies and directors’ and officers’ risk

Shortly after former Enron CEO Jeffrey Skilling’s Oct. 23, 2006, sentencing, the Enron Task Force said it was closing down, with its mission mostly complete. Yet did that event really signal an endpoint in the Enron criminal scandal? Perhaps it’s …

News Currents

Late storm binge has Western states singing holiday claims blues While the nation was mostly natural disaster-free in 2006, the West suffered a few fourth quarter storms that took the blush off of an otherwise relatively rosy year. Beginning with …

CONTRACTORS AND SUBCONTRACTORS

N18 Building the case for contractors … and underwriters 10 Wintery West Storms create late-year claims 48 Arson Investigations Science could overturn convictions 56 Enron’s Legacies Ds&Os face increased risk

New Markets

GL for Builders, Contractors, Artisans Nuts & Bolts: Golden Insurance Co. RRG extended its commercial general liability coverage for builders, general contractors and artisans to $1 million/$1 million. Coverage is offered on a claims-made basis, and most builder trade classes …

News Currents

Oregon promotes best practices with IMSA membership The Oregon Insurance Division is recognizing the Insurance Marketplace Standards Association as a group that can help to establish “best practices” and promote consumer protection in the state. In a recent bulletin, Insurance …

Colorado, Idaho Gov.-elects appoint insurance department heads

Colorado’s Gov.-elect Bill Ritter announced he is appointing Manitou Springs Mayor Marcy Morrison, a Republican, as insurance administrator. And Idaho Gov.-elect Butch Otter said he would appoint state Rep. Bill Deal to head the state’s Department of Insurance. Morrison served …

Fraud Roundup

Calif. State Fund receives $3 million-plus San Diego Superior Court Judge William H. McAdam has ordered the owners of a San Diego area roofing company to pay $3 million in restitution to California’s State Compensation Insurance Fund, $81,649 in investigation …