All eyes on Allstate “I will carefully monitor Allstate’s actions throughout this process to ensure that policyholders entitled to reinstatement are fully protected.” — Louisiana Commissioner of Insurance Jim Donelon commenting on the settlement his department reached with the insurer …
Long Haul Trucking Program Nuts and Bolts: M.J. Hall and Co. Inc. has a long haul trucking program for long haul truckers garaged in California. The program covers liability, physical damage, cargo and trucker’s general liability. The program also covers: …
Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special Investigations Unit began operations, after the 2006 Legislature established a fraud unit …
A recent wave of individual institutional investor securities lawsuit “opt-out” settlements is raising troubling new questions about both D&O carriers’ claims severity assumptions and D&O policyholders’ limits adequacy. An opt-out action involves a separate lawsuit brought by an individual investor …
Editor’s note: Although this article is geared toward California surplus line brokers, with small variations the same advice may be of help to surplus line and retail brokers in other states. Surplus line brokers aren’t bullet-proof against lawsuits, but there …
Squelching frequent misconceptions of this valuable protection. In today’s soft directors and officers market, the importance of a long term approach can often be lost in the process of securing coverage. However, history has proven in the past 15-plus years …
The vast majority of injured workers in California have access to quality medical care, yet a majority still suffer from injuries even after a year of care, according to a study conducted by the UCLA Center for Health Policy Research …
6.4% Overall percentage increase in the number of fraud convictions nationwide from 2004 to 2005, according to the Coalition Against Insurance Fraud. The Coalition said states are delivering record results in combating swindles. $100 billion Potential amount of loss that …
A bill to require Idaho insurers to offer coverage for accidents involving underinsured drivers passed the Senate, overcoming objections from two insurance agents who said it could increase costs. The measure was scheduled to the House at press time. Underinsured …
Montana fights for uninsured, seeks catastrophe fund and captives The hallmarks of John Morrison’s legacy as Montana State Auditor, the Commissioner of Insurance and Securities, is to help provide more affordable coverage. For instance, the state is one of the …
