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

Small London firm uses computer archive to help find stolen art

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 …

Like waiting for a Buss: The Texas Supreme Court and Frank’s Casing

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 …

My New Markets

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 …

FDA says cloned food safe, but could lead to non-covered claims

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 …

Teen drinking — a survey

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 …

TEEN DRINKING — SOUTH CENTRAL STATES

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 …

Agents group and Texas PTA team up to fight teen drinking

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 …

People and Places

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 …

La. lawmakers support overhaul of Citizens Insurance Company

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 …

La.’s Donelon forges agreement with Allstate over cancelled policies

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 …