The Florida reinsurance renewals on June 1, 2011, experienced a wide range of outcomes as substantial catastrophe losses combined with two major catastrophe model revisions over the past 16 months led to a volatile renewal season, according to reinsurance specialist …
The insurer of Michael Jackson’s planned series of comeback concerts is asking a Los Angeles judge to nullify a non-appearance policy issued to concert promoters. Underwriters at Lloyd’s of London sued AEG Live and Jackson’s company, claiming the concert promoter …
A federal court of appeals has overturned a lower court’s ruling that an “anti-ambulance chasing” bill in Texas is unconstitutional. The U.S. Court of Appeals for the Fifth Circuit determined that U.S. District Judge Lee Yeakel of Austin erred in …
The massive earthquake and tsunami that hit Japan in March has led to supply chain disruptions around the world, sending a wakeup call to companies that do not have viable business continuity plans in place for themselves and their suppliers. …
New York agents are cheering a new State Senate bill that that would guarantee a role for agents and brokers in the state’s health insurance exchange. A bill introduced this month by Sens. James L. Seward (R-Milford) and Kemp Hannon …
Texas Gov. Rick Perry has signed legislation into law commonly referred to as the “Loser Pay Rule.” Immediately, the national press jumped on this new statute as an example of a major step forward in tort reform. However, very few …
William Gammon, Higginbotham & Associates Texas-based independent insurance agencies William Gammon Insurance and Higginbotham & Associates merged. The combined company has more than 500 professionals providing insurance, risk management and employee benefit solutions to clients throughout Texas. William Gammon Insurance, …
Exposed to devastating hurricanes and a surprising influx of sinkholes, Florida may have the most challenging market for homeowners insurance in the nation, panelists told members of the Casualty Actuarial Society Spring Meeting, held in Palm Beach last month. A …
People who bought flood insurance at the last minute after learning of plans to release record amounts of water through the Missouri River reservoir system will not have coverage for damage caused by the rising water. The Federal Emergency Management …
Property and casualty insurers craving respite from a long-running drop in prices eyed the start of the U.S. hurricane season on June 1 in the hope that summer windstorms will finally turn the market. The June 1 to Nov. 30 …
