A Texas-based insurance company has prevailed in the first lawsuit to go to trial over claims from two massive hailstorms in Hidalgo County, Texas, in 2012. The 12-member jury in Amaro v. National Lloyds found that National Lloyds Insurance Co. …
Nothing is more exciting than reading the latest updates on insurance law, unless, of course, you can get updates on corporate law at the same time. Fortunately, there are two recent Louisiana cases where the outcome of insurance law issues …
On the heels of a $325.5 million dollar refund agreement with the state’s largest homeowners insurer, State Farm Lloyds, Texas Department of Insurance Commissioner David Mattax filed a revised settlement with the second largest homeowners carrier, Farmers Insurance. The Farmers …
Parents of a 17-year-old Oklahoman who was killed in a traffic accident in 2012 have been awarded $1.5 million in a civil case settlement. The Oklahoman reports that Donna and Duane Kerns have settled with Woodshed Liquor Store, which sold …
The California Earthquake Authority has again kicked off its annual “Marketing Value Program,” in which the quasi-private earthquake insurer encourages agents to sign up to receive direct mail marketing pre-printed with agents’ names to send to potential clients. This is …
The members of the Surplus Line Association of California have named Denis Brady, president of Burns & Wilcox Brokerage in San Francisco, chair of the SLA board of directors. Brady’s election was finalized after the SLA tallied the final ballots …
An Oregon woman has sued a Portland hospital for $900,000, alleging that a brain tumor sample set aside for biopsy has been lost, leaving her uncertain about whether the tumor was cancerous. Catherine Stewart is seeking $100,000 in economic damages …
Chances that California will experience a magnitude 8 or larger earthquake in the next 30 years has increased from 4.7 to 7.0 percent, according to an earthquake forecast by the U.S. Geological Survey and its partners. The Third Uniform California …
An insurance cluster — sometimes called an alliance, network or aggregator — is a group of agents and brokers combined under a common association for mutual support and the ability to market their individual books of business as part of …
The captive insurance program in Nevada outperformed growth and speed expectations by approving 26 captives in 2014, which resulted in a captive premium increase of $3.8 billion, Insurance Commissioner Scott J. Kipper announced in March. He said 2014 was once …
