Monthly Archives: <span>February 2009</span>

Securities Lawsuit Filings Are Up, So What About D&O Pricing?

The pace of securities lawsuit filings increased significantly in 2008 compared to recent years. There were 226 new securities lawsuits filed in 2008, which represents a 31 percent increase over the 172 securities lawsuits filed in 2007, and nearly a …

Oregon Bill Evaluates Merits of Re-Rating Insurance/Credit Score

The Oregon Legislature is considering a bill that would prohibit an insurer that issues personal insurance policies in the state to cancel or non-renew a policy after evaluating the individual’s credit history or insurance score according to his or her …

New Mexico Aims to Limit Liability from Space Flights

The New Mexico Legislature is hoping to limit lawsuits stemming from southern New Mexico’s Spaceport America. Senate Bill 37, the “Space Flight Liability and Immunity Act” sponsored by Sen. Clinton Harden, R-Clovis, wants space flight participants to acknowledge that “commercial …

Understanding the Appraisal Process

California Insurance Code requires the appraisal procedure to be contained in every policy containing fire coverage, and it is frequently found in other property and casualty policies. It is critical for all insurance agents to understand the appraisal process so …

Business Moves

Burnett Holdings, QBE New Orleans-headquartered insurance wholesaler Burnett Holdings Inc. (Burnett) was acquired by QBE Holdings Inc. (QBE), part of Sydney, Australia-based QBE Insurance Group, effective Dec. 31, 2008. The company will continue to operate under the name of Burnett …

The Paradox of Flood Insurance Coverage

You May Not Know What You Think You Know About Flood Insurance Claims The Fifth Circuit has held that insureds have a duty to read and understand the terms of their SFIP. Whether you are an attorney, an insurance agent, …

Declarations

God, not Guns “Let us keep the sanctity of churches and put our faith in God and not in guns.” β€”Rep. Steven Breedlove, a minister at the Valley View (Ark.) Church of Christ. The Associated Press reported that Breedlove and …

People

America First Insurance, a Liberty Mutual Agency Markets regional company based in Richardson, Texas, appointed Stephen Stricklen assistant vice president, Specialty Products. In this position Stricklen will manage the company’s new Farm & Ranch Division, as well as its rural …

‘Sometimes You Just Have to Ask’

You don’t have to be Hispanic to join the Hispanic Chamber of Commerce.” George Saenz Sr., founder of Cielo Vista Insurance Agency in El Paso, Texas, made that comment when I spoke to him while researching an article on how …

It Figures

17 In the wake of deadly tornadoes that swept through sections of Oklahoma on Feb. 10, Gov. Brad Henry declared a state of emergency for 17 Oklahoma counties. A tornado in the town of Lone Grove initially killed eight people …