Liability for Failing to Obtain Promised or Reasonably Anticipated Coverage Author’s note: This is part II in a series on broker liability. Part I appeared in the Aug. 4, 2008, issue. Absent any express representations of coverage by the agent …
In a disaster, people often lose access to things they weren’t thinking about losing. Like much else in life, when it comes to catastrophes, it’s the little things that count. Thousands of homeowners and business owners who will spend the …
Hawaii Insurance Commissioner J.P. Schmidt has been authorized by the First Circuit Court of Hawaii to be liquidator of AG Airgroup Insurance Inc. According to court documents, AG Airgroup is insolvent and “in such condition that the further transaction of …
Women Play Important Role as Insurance Industry Change Agents The lack of organic growth and the soft market cycle has made operating in the insurance industry difficult in recent years. Yet the key to surviving in the insurance world of …
General Star Management Co. appointed Gregory J. Diorio chief operating officer and Joseph L. Majsak chief marketing officer. Diorio will oversee all underwriting divisions while Majsak will oversee the new marketing services division. P. Cole Palmer will replace Majsak as …
Eight Good Reasons to Get Your Database Efforts Underway The word “marketing” may conjure up images of the fast-paced world of television advertising, a piece of direct mail that catches your attention, an interactive e-mail — even talk of demographics …
The New Mexico Supreme Court has ruled that contractual prohibitions on class actions for small consumer claims violates public policy and is therefore unenforceable. According to Robert Fiser, individually and as a representative of a class of persons within the …
The Workers’ Compensation Insurance Rating Bureau of California indicated it plans to submit a filing to the California Department of Insurance (CDI) recommending a 16 percent increase in pure premium rates effective Jan. 1, 2009. According to the association, nearly …
EPIC Expanding its Southern California operations, Edgewood Partners Insurance Center (EPIC), a property and casualty and employee benefits insurance brokerage firm, opened an office in Los Angeles. Chris McTigue was appointed managing principal. Ray Skarzenski was appointed principal of operations …
Agent-Broker Duties “It’s important to understand this bill doesn’t change anything for brokers that want to continue doing business as usual. Yet it really creates an opportunity for producers to have a safe harbor, if you will, to take advantage …
