With more than 55 million people living in coastal communities, the nation must learn its lesson from the 2004 and 2005 hurricane seasons and prepare now for what will happen after June 1, according to Max Mayfield, director of the …
Leon County, Fla. Circuit Court Judge Thomas Bateman has ordered Southern Family Insurance Co., one of three financially-troubled property insurers of the Tampa-based Poe Financial Group into rehabilitation. To ensure the policyholders are protected this hurricane season, Tom Gallagher, Florida’s …
Former makers of lead paint went before the Rhode Island Supreme Court in Providence recently to prevent the state from honoring a contract with its private lawyers that is potentially worth tens of millions of dollars. A jury in February …
Seattle-based property and casualty insurer Safeco is considering direct marketing its automobile insurance business on the Internet to reach additional consumers that don’t like to deal with a middle-man and purchase insurance through agents. According to Paul Hollie, Safeco spokes-man, …
When the next big earthquake strikes California, it’s unlikely to hurt the insurance industry as much as the last one did. The nation’s largest property insurers curtailed their exposure to California quakes a decade ago when they persuaded state lawmakers …
Today, many private companies are planning activities that may increase their exposure to management liability risks, Lisa McGee, vice president, Chubb & Son, said at a recent Inc. 500 Conference. Sixty-seven percent of private companies are likely to broaden their …
Seattle-based property and casualty insurer Safeco is considering direct marketing its automobile insurance business over the Internet to reach additional consumers that don’t like to deal with a middle-man and purchase insurance through agents. According to Paul Hollie, Safeco spokesman, …
Independent insurance agents scored a victory in the Florida Legislature March 30 during the Florida Association of Insurance Agents Legis-lative “Fly-in,” as it was announced that SB 2006/HB 145, which repeals joint and several liability, was approved after a decades-long …
The PIA Western Alliance will be holding its second Moisture Management Summit in Irvine, Calif. with the goal of writing a public policy based on moisture management standards that have already been developed. The PIA’s goal is to take that …
Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to justify insurance premium increases. RMS declined to address …
