The U.S. 9th Circuit Court of Appeals has invalidated Nevada’s insurance producer countersignature law, in what could be the final nail in the coffin for these requirements on nonresident producers. U.S. District Judge Melvin Brunetti, writing for the 9th Circuit …
Your E&O claim waiting to happen Certificates — not again. Haven’t we heard enough about this topic? Apparently not. Certificates are issued for all sorts of insureds, but contracting risk is the most dangerous of them all. Why does the …
$225 Texas Attorney General Greg Abbott has charged a Houston company with selling fake driver’s licenses to immigrants. The fraudulent licenses were marketed as “International Driver’s Licenses” and sold for $225 each. Harris County District Judge Grant Dorfman granted the …
People Mullis Newby Hurst L.P., an Addison, Texas-based provider of construction insurance and surety bonds in Texas, promoted Jan Johnson to senior vice president and director of insurance. Johnson, a 26-year veteran of the insurance industry, has served as vice …
The need for agricultural insurance is growing like a weed. “This is the greatest time we’ve had in our business,” said Christopher Leliaert, vice president at Towers-Perrin Reinsurance, in his assessment of the state of the agricultural insurance market. Speaking …
Additional Insured Evanston Insurance Co. v. Atofina Petrochemicals Inc., Texas Feb. 15, 2008. Contract provision requiring that refinery “shall be named as additional insured” sufficient to trigger additional insured coverage for refinery’s negligence, despite contract provision prohibiting indemnification of refinery …
Towerstone Towerstone Inc., a wholesale insurance broker and managing general agency with extensive experience in a broad spectrum of industries, has been formed via the merger of Energy Risk Associates Inc. (ERA) with the recently acquired assets and employees of …
The banking and securities industry is facing worldwide subprime mortgage-related losses which knowledgeable sources – including the International Monetary Fund — now suggest could top $1 trillion, according to Reuters. There is more than a hint of irony simultaneously to …
Damage estimates continue to pile up Texas, Oklahoma and Arkansas have been hammered numerous times this Spring with violent storms that produced tornadoes, hail, heavy rain and floods, and the damages are mounting. Preliminary damage from an April 8 Oklahoma …
Finding the flood exclusion in an insurance policy sold by Lafayette Insurance Company to a New Orleans policyholder is unambiguous, the Louisiana Supreme Court reversed, in part, a previous ruling by a state appeals court in a Hurricane Katrina coverage …
