Monthly Archives: <span>September 2017</span>

2 Nebraska Contractors Have Sued Insurers More than 100 Times

Two Omaha contractors are expanding a legal strategy they say forces insurance companies to pay for storm damage, but industry officials say the practice leads to exaggerated claims and may drive away insurers. Home repair contractors Steve Shannon and James …

Declarations

Campus Guns “College campuses as gun-free zones present an environment where murderers, rapists and other criminals may commit crimes without fear of being harmed by their victims.” — An NRA lobbyist who supported a new Tennessee law to allow state …

Harvey Hits Home

As a native Texan, my heart hurts for the thousands of people and business owners affected by Hurricane Harvey. Family, friends and business associates in the Lonestar State will be dealing with the aftermath for years to come. And so …

Report: Climate Change May Pose Threat to Nation’s Electric Grid

Climate change may pose a serious risk to the nation’s electric grid, according to a new report. The report was prepared by Johns Hopkins University with help from Swiss Re. “Lights out: The risks of climate and natural disaster related …

Business Moves

Widerman & Company, Smith Brothers Insurance Widerman & Company Insurance of Haddonfield, N.J., has merged its business with Smith Brothers Insurance of Glastonbury, Conn. This combination allows Widerman & Company the opportunity to maintain its local presence while leveraging the …

Brokers Bucking Disruption: How Wholesalers Hang On Through Change

As long as there is an insurance industry, wholesaler brokers believe they will have a role to play. “We will continue to be an important sector – a small sector – but still a very important sector of how insurance …

Lessons Learned from Hurricane Andrew

How the Insurance Industry Can Mitigate the Next Big Natural Disaster As an industry, we knew there could be large and costly hurricanes. We witnessed the destruction that Category 5 Hugo wrought on the Carolinas in 1989. At the time, …

P/C Insurers Lost $5.1B on Underwriting in First Half of 2017

The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the same period a year ago. This financial review …

Whether to File a Lien or Intervene: Practical Considerations to Maximize Subrogation Recovery

Consider this scenario: You have a strong case for subrogation arising from an employment-related accident. The injured employee’s attorney files suit, but refuses to move the case forward. Out of necessity you intervene and successfully negotiate the recovery of $35,000 …

My New Markets

Armored Car Services Market Detail: The Mechanic Group (www.mechanicgroup.com) offers E&O, commercial excess, CGL, workers’ comp, fidelity bonds, D&O, umbrella, liability, contractors license bonds, and EPLI. Available limits: As needed Carrier: Unable to disclose, admitted and non-admitted States: All states …