What Does This Mean? As if times weren’t uncertain enough, the Virginia Supreme Court issued a ruling on Jan. 17, 2012, vacating its Sept. 16, 2011, opinion in Steadfast Insurance Co. v. The AES Corp. and granting a rehearing in …
National Hurricane Center Director Bill Read said that science will improve to the point where forecasters can reliably issue forecasts showing where a hurricane will be a week ahead of time. “We’re two to five years from a seven-day forecast,” …
The launch of a real-time commercial lines rater that gives agents access to a handful of large carriers was announced recently by a division of Networked Insurance Agents. MyNTrack, a division of Grass Valley, Calif.-based Networked, integrates with the technology …
America’s wealthiest families increasingly worry that their wealth alone makes them a target for a high-stakes liability lawsuit in this uncertain time of high unemployment and tepid economic growth, according to a new insurance report. But many wealthy families remain …
The insurance industry says that Alabama’s building standards and enforcement practices are among the weakest of all the hurricane-prone areas in the country. The state ranked 15th among 18 states near the Gulf of Mexico and the Atlantic Ocean in …
Commercial insurance prices increased an aggregate 3 percent during the fourth quarter of 2011, the fourth consecutive quarter during which prices for all standard commercial lines rose. Additionally, earned price increases are beginning to offset portions of reported claim cost …
Liberty Mutual Group reported $284 million in net profit for its 2011 fourth quarter — down 50.7 percent compared to the same period one year ago. The insurer said the quarterly operating results were hurt especially by losses from Thailand …
Converge Direct Mail with Digital Marketing Only marketers that “don’t get it” pay printers and the U.S. Postal Service (USPS) to output and distribute printed materials that promote their business. The cool kids eschew dead trees and trucks and use …
The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees. …
A divisive driving-while-high bill is back before the Colorado Legislature as senators revisit a measure to say how much marijuana can legally be in a driver’s system. A marijuana DUI bill was defeated last year amid heated opposition from pot …
