50% The Houston area has nearly $1 billion of commercial insurance market capacity for downstream energy risks, or about 50 percent of the total amount available worldwide, according to Willis Group Holdings. Willis said the growth in capacity is being …
Former Oklahoma Insurance Commissioner Carroll Fisher was arrested and jailed Mar. 1, 2007, for allegedly violating the terms of his appeal bond, a spokeswoman for the attorney general said. “Carroll Fisher is in the custody of the Oklahoma County jail,” …
Is the rural dwelling a home or a ranch? It’s an important distinction, as there can be substantial differences in coverage. For example, a standard homeowners policy covers fencing, as well as the contents of ancillary buildings, such as a …
The Chicago Mercantile Exchange is launching contracts that will allow insurers and others to hedge risk against hurricane damage. The exchange, a unit of CME Holdings Inc., is teaming up with Carvill Group, a reinsurance intermediary that will calculate the …
Arthur J. Gallagher & Co. in Houston added Danny Golden as vice president for its construction niche. Golden will assist in the service of existing and new clients as well as other members of the Gallagher construction niche throughout the …
The CPCU Society and American Institute for CPCU/Insurance Institute of America designate March as “Ethics Awareness Month.” Some people have a hard time defining ethics but ethics are really principles, right? I think we often get caught up in the …
Why don’t directors and officers insurers insist on corporate governance reform from their insureds as a precondition of coverage, the way property and workers’ compensation insurers condition their coverage on loss prevention measures? This perennial question is examined in a …
Insurance department tells company to reinstate policies 11 Former Okla. commissioner arrested, jailed Fisher broke terms of appeal bond, AG says N1 Industry gears up for more federal terrorism insurance debates Advocates say the coverage still vital to national security …
Keeping it alive “This is something that was taken away as a part of the worker’s compensation reform bill passed in the 2005 special session. My constituents still are frustrated and upset about this change. The problem is, if we’d …
The 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to five major hurricanes that year. How could insurance industry predictions be so wrong? They weren’t, according …
