Closing Quote

Why surplus lines reform makes sense in 2006

The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line offices and related entities all engaged in the wholesale insurance marketplace …

Take the pollution out of the D&O policy

Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report in July 2004, questioning the transparency of environmental …

Why surplus lines reform makes sense in 2006

The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line offices, and related entities all engaged in the wholesale insurance marketplace …

Optional federal charter is needed

Editor’s note: The following excerpt is edited from an oral statement made by Joseph J. Beneducci, president of Fireman’s Fund at the Senate Banking, Housing and Urban Affairs Committee’s July 11 hearing on Insurance Regulation Reform. Beneducci spoke as a …

Why surplus lines reform makes sense in 2006

The American Association of Managing General Agents (AAMGA) commends efforts to modernize commercial insurance markets while maintaining the state-based system of insurance regulation and the surplus lines market’s fundamental precept of freedom from rate and form. We support the provisions …

Two legal cases in the eye of Hurricane Katrina

Say Hurricane Katrina and you immediately think of New Orleans; say Hurricane Katrina and insurance coverage, and the story is different. At the nine-month anniversary since the storm made landfall, of all the Mississippi coverage cases that have been filed, …

Two legal cases in the eye of Hurricane Katrina

Say Hurricane Katrina and you immediately think of New Orleans; say Hurricane Katrina and insurance coverage, and the story is different. At the nine-month anniversary since the storm made landfall, of all the Mississippi coverage cases that have been filed, …

Two legal cases in the eye of Hurricane Katrina

Say Hurricane Katrina and you immediately think of New Orleans; say Hurricane Katrina and insurance coverage, and the story is different. At the nine-month anniversary since the storm made landfall, of all the Mississippi coverage cases that have been filed, …

California construct defect litigation creating perfect storm

In The Perfect Storm, the book that inspired the movie of the same name, author Sebastian Junger defined “the perfect storm” as a tempest that may happen only once in a century, a storm created by so rare a combination …

A lawsuit in the making – the EPLI insurance application

Every day, the Equal Employment Opportu-nity Commission receives some 200 new employment practices liability complaints alleging discrimination based on race, sex, national origin, religion, retaliation, age and disability. Even if an employment-related claim is baseless, defense costs can be significant. …

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