The Alabama Insurance Underwriting Association, the state’s wind insurer of last resort, will stop issuing policies for buildings standing in or built over water. Manager Bob Groves said the association is worried about the water undermining buildings. People who currently …
Introducing WAHVE, Where Outsourcing Is Not a Foreign Concept Because All Workers Are from U.S. As more and more experienced insurance employees discover their retirement income isn’t what they thought it would be, many are happy to find work they …
1. Injury Responsibility A landlord is held responsible for an injury on the rented premises if it can be shown that the landlord or his agent was somehow negligent in maintaining the property, and that the negligence in doing so …
Several steps agents can take to reduce their general E&O exposure: Sally: “By far, the most common claim is simply an allegation of failure to place coverage. The most reliable way to prevent these is written documentation that says, ‘This …
What do you get when you corral Florida property insurance executives and policymakers in a room for an afternoon away from the TV cameras and pundits? The answer is: consensus. Consensus on how to move the Florida property insurance market …
$75 Million The federal oil spill liability cap that BP has now said in court documents that it will waive. BP urged other defendants in the case, including Transocean Holdings LLC and Anadarko Petroleum Corp. to also waive the liability …
A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall multidistrict …
Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance, according to a report from the RAND Corp. …
Hospitals are not entitled to place liens on insurance benefits paid by insurers to third party service providers, the Tennessee Supreme Court has ruled. The case involved a man, Kevin L. Holt, who was injured in a car crash in …
Critical Areas Include Contract Wording, M&As, Emerging Risks As the difficult economy forces architects and engineering firms to focus their resources on keeping their firms afloat, risk management is taking a backseat. This dangerous trend means insurance brokers and carriers …
