A Recurring D&O Coverage Issue Heats Up Among perennial directors and officers insurance issues are questions whether policy coverage is available for the costs associated with special litigation committees. A Dec. 30, 2009 decision in the coverage lawsuit brought by …
Broaden Your Agency’s Reach Through Education and Marketing In today’s still challenging economic environment, employees are increasingly looking at employee benefits as a way to strengthen their personal financial safety net. Nearly nine in 10 employees (87 percent) planned to …
Why a Captive Solution Might Grow Your Hospitality Book, and Revenue Too Hospitality owners have concerns with retaining risk that they cannot transfer to the insurance market and owners are looking for legitimate ways to preserve their firms’ assets or …
Insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business units will. The decision to not accept …
Specialization, Claims Management and Understanding the Risk Are Keys to Market Success “Too dangerous.” “They’re scary.” “Those kids try too many tricks.” While many carriers use these descriptors for skateparks, I do not feel the same way. When I think …
$30.8 Million The dividend announced by Kentucky’s major workers’ compensation insurance carrier after several weeks of political pressure. Earlier this month, Gov. Steve Beshear asked the insurer to consider returning some of its $147 million surplus as a premium reduction …
The Georgia Supreme Court has struck down a cap on medical malpractice awards imposed in 2005 as part of a package of legislative tort reforms. The state’s high court said the law limiting noneconomic damages in medical malpractice cases violates …
As Insurance Commissioner Kevin McCarty told the Florida Cabinet, “the marketplace still faces serious challenges.” Out of the more than 200 property insurance companies in Florida, 81 reported underwriting gains for 2009, while 100 reported underwriting losses. These underwriting losses …
Flood Hiatus “That’s scary.” —John Prible, vice president of federal government affairs for the Independent Insurance Agents and Brokers (the Big “I”), commenting on the prospect of Congress not renewing the National Flood Insurance Program before it recessed for a …
Mississippi Gov. Haley Barbour vetoed a bill that would have continued a program that designated part of the state’s insurance premium tax to fund the state’s insurer of last resort. Barbour said that at the end of this fiscal year …
