Since the insurance industry’s inception, fraud has proved a perpetual problem, an inherent risk that will likely never be totally eliminated. Carriers have long warned that fraud ultimately causes them to raise premiums to offset resultant losses, but during periods …
State Farm Lloyds, the Dallas-based property insurance unit of State Farm Insurance Companies, received approval from the Texas Department of Insurance (TDI) to sell its nationwide homeowners policy, the HO-W, in Texas, and industry observers wasted no time in welcoming …
Late January and early February enforcement actions taken by Texas Insurance Commissioner Jose Montemayor included license revocations, suspensions, denials, and related fines assessed upon numerous agents, would-be agents and at least one insurance continuing education provider in the state. Billy …
Since the insurance industry’s inception, fraud has proved a perpetual problem, an inherent risk that will likely never be totally eliminated. Carriers have long warned that fraud ultimately causes them to raise premiums to offset resultant losses, but during periods …
Maurice Greenberg, chairman and CEO of American International Group Inc., has undertaken efforts to persuade the Federal Aviation Administration to stop providing war-risk insurance for ground damage to U.S. airlines, according to both The New York Times and The Wall …
The National Association of Professional Surplus Lines Offices (NAPSLO) held its mid-year meeting Feb. 24-27 in San Antonio, Texas—the largest such meeting in the history of the association. Originally scheduled for last September, NAPSLO’s Annual Convention was canceled after the …
Like life itself, insurance began in the ocean, eventually spawning the various land-based descendants we’ve come to know. While those terrestrial variants-auto, homeowners, commercial liability, among others-now comprise our notion of what the industry is all about, their single ancestor, …
Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these provisions looms, and …
After meeting with representatives of the Independent Insurance Agents of America (IIAA), Alpharetta, Ga.-based ChoicePoint Inc., a credit scoring and consumer-lead generation service provider, agreed to stop selling data related to certain independent agency and broker insurance transactions. Debra Perkins, …
Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these provisions looms, and …
