The owners of a Biloxi marina damaged by a casino-owned barge that came loose during Hurricane Katrina are considering an appeal of a Mississippi court ruling that the casino is not liable for the destruction. The state Court of Appeals …
Company Focused on Technology Upgrade, Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised in the first half of 2010. In particular, the Novato, Calif.-based insurer had significant claims due to heavy flooding and wind damage in …
Pioneering “This new lab is a tangible, dramatic, generous demonstration of the property insurance industry’s deep commitment to reducing and preventing losses that disrupt the lives of millions of home and business owners each year.” —Julie Rochman, Institute for Building …
Texas-based Biglari Holdings, which runs Steak n Shake and other restaurants, is making another bid for the Michigan property/casualty insurer, Fremont Michigan InsuraCorp. Inc. The San Antonio holding company has proposed to acquire 100 percent of the stock of Fremont …
Contracts, Emerging Risks and M&As Critical Areas to Notice 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 …
In the midst of a disaster, our customers count on us to get our jobs done … No excuses!” That promise by County Wide Insurance, an agency in Dexter, Mo., was severely tested on Jan. 27, 2009, when an ice …
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 …
Always Exceptional “It’s easy to forget the good times during times of adversity, but we need to remember that our unique experiment with democracy has produced greater prosperity for more people than any other system in the history of civilization.” …
Markel, Aspen, FirstComp Markel Corp. completed the previously announced acquisition of Aspen Holdings Inc., a privately held insurance group that provides workers’ compensation insurance and related services, principally to small businesses, in 31 states. Aspen, headquartered in Omaha, Neb., operates …
Economic recovery in the United States is now very dependent on the state of mind of the American public and its business leaders, according to William R. Berkley, founder, chairman and CEO of W.R. Berkley Corporation. “No one in Washington …
