50% – 70% Reliable estimates reveal that between 50 to 70 percent of homeowners do not have enough insurance to rebuild their homes in the event it is completely destroyed, insurance industry trade group Southwestern Insurance Information Service (SIIS) says. …
‘Never walk out of a meeting with out introducing RIOS. Get to insurance later.’ Scott Addis, ‘Purple Cow Leadership Workshop.’ Photo: Brian Ruark, IIAT. Scott Addis presents his ‘Purple Cow’ formula. Photo: Brian Ruark for IIAT. Scott Addis’ biggest pet …
Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has added four new members to its team. Cindy Downs was added as a senior underwriter in the firm’s MGA unit. Downs formerly was a senior underwriter at Capstone Inc. …
In Japan, agencies write 93 percent of P/C insurance. The Japanese property and casualty insurance market is ripe for opportunities, but there also are significant risks in the country, according to Keiji Fukasawa of Finrex Japan and Rie Hidaka of …
I.I.I. puts the average claim for lightning at $5,321. Oklahoma Gov. Brad Henry on July 15 toured drought-damaged areas in Cimarron County in the Oklahoma Panhandle, an area that has been experiencing drought so severe climatologists and longtime Panhandle residents …
A high-profile Mississippi lawyer, who became unpopular on Wall Street for battling powerful companies, was sentenced to five years in prison after pleading guilty to conspiring to bribe a judge. Richard “Dickie” Scruggs made millions through lawsuits against tobacco, pharmaceutical …
The Texas Supreme Court has ruled that the descendents of a man who was found hanged with a telephone cord in a jail cell have no standing to recover damages from the contractor that supplied the telephone. In JCW Electronics …
New York Insurance Superintendent Eric Dinallo said a revival of the defunct New York Insurance Exchange could happen as early as next year. Dinallo said the next 18 months was a “realistic horizon” to revive what is seen as the …
For regional brokers, a saving grace has been diversification. Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection from the insurance slump …
Kentucky golfers and anyone who owns a golf cart within five-miles of a golf course entrance have the go-ahead to putter around on public roadways, per recent legislation. While the golf cart does not meet the state’s definition of a …
