The insurance industry is preparing to build a state-of-the-art applied research facility that will use science and technology to expand capabilities to create more durable homes and businesses and reduce the costs of natural disasters. The Institute for Business & …
About 55 percent of the lawmakers in the 2008 Louisiana Legislature are new to the job but they are doing their homework on insurance issues, one surplus lines insurance industry representative says. David Tatman of Baton Rouge-based The Tatman Group …
After years of avoiding key insurance issues, the Texas Supreme Court began issuing opinion after opinion on fundamental insurance principles in late 2007. Lamar Homes, Frank’s Casing and other important decisions appeared with an uncanny frequency. Recent “Legal Beat” columns …
No Dream Tangerine “I thought the bad weather was over, the skies began clearing and then a cloud came from the north and hail the size of tangerines started falling.” —Dawson County (Texas) Sheriff Johnny Garza, describing violent thunderstorms that …
Oklahomans may pay more for insurance because of natural disasters associated with changes in climate around the world, the state insurance commissioner said. Insurance Commissioner Kim Holland remarked at the third annual Oklahoma Climate and Loss Mitigation Conference at the …
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 …
You don’t have to be involved in the property/casualty insurance industry long to become acquainted with the many studies that are released each year on rating systems, from both consumer and industry groups. The Consumer Federation of America (CFA) recently …
Punitive damages stand in radioactive contamination case The Supreme Court declined in April 2008 to hear an Exxon Mobil Corp appeal over $112 million in punitive damages awarded for radioactive contamination of a 33-acre tract of industrial property in Harvey, …
$4.3 Million Arkansas is losing $4.3 million in federal money allocated for workforce training programs, Gov. Mike Beebe said in an April 18 radio address. The U.S. Department of Labor is rescinding funding nationwide by $250 million for the Workforce …
A nationwide consumer study of automobile insurance regulation says that rates have risen more slowly in the 15 states that require insurers to receive advance approval of rate increases from the state over the last two decades. According to the …
