March 26, 2007
The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …
March 26, 2007
Every five years or so, the Texas Supreme Court issues an opinion that makes insurance companies and coverage lawyers rethink basic principles of claims handling, strategy or policy interpretation. In recent years we have had Merchants Fast Motorlines set out …
March 26, 2007
Wedding Insurance Nuts & Bolts: Travelers launched Wedding Protector Plan, which covers with no deductible a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane causes the necessary and unavoidable cancellation or …
March 26, 2007
Products from cloned animals, such as milk and meat, may be safe to eat, but that doesn’t mean there aren’t insurance risks. The problem is that it’s somewhat too soon to tell what claims could arise, and potentially no coverages …
March 26, 2007
The Texas Commission on Alcohol and Drug Abuse conducts a Texas School Survey every two years that examines alcohol and drug use among students. The following are highlights from the 2003 survey: In 2002, alcohol was blamed in the deaths …
March 26, 2007
According to the Pacific Institute for Research and Evaluation costs to states generated by underage drinking include medical care, work loss, and pain and suffering associated with the multiple problems caused by the use of alcohol by youth. Following is …
March 26, 2007
With Texas leading the nation in alcohol related deaths among young people, the Texas PTA and the Independent Insurance Agents of Texas have launched a statewide campaign designed to prevent underage drinking. The campaign includes a workshop series, curriculum guide …
March 26, 2007
Louisiana Workers’ Compensation Corporation (LWCC) hired William B. Bangs IV as vice president of agency relations. In this position, Bangs will plan, direct and coordinate agency relations with insurance agents throughout the state. Bangs joins LWCC from Innovative Risk Management …
March 26, 2007
Two Louisiana lawmakers said they support a plan to overhaul the state-backed insurance company by opening much of its business to bidding among private firms. Sen. James David Cain, chairman of the Senate Insurance Commit-tee, and Sen. Ken Hollis, chairman …
March 26, 2007
Louisiana Commissioner of Insurance Jim Donelon reported on March 19, 2007, that he had reached a settlement with Allstate concerning 4,772 policyholders in four south Louisiana par-ishes whose homeowners insurance was cancelled due to what the Department of Insurance said …