Two federal appeals court rulings in early August in class-action lawsuits stemming from Hurricane Katrina-related property damage in Louisiana underscored the validity of flood exclusions in property insurance policies. In a highly anticipated decision, the U.S. 5th Circuit Court of …
Some states face tougher seasons than others but every state must deal with the threat Historically, the lion’s share of in-season wildland fires occurs in the country’s western regions, however, as evidenced by the massive blaze in Georgia that torched …
Pro teams grapple with risks of keeping fans close to action Tiger Woods had a rough weekend at the British Open in July, and so too did Jennifer Wilson, the 63-year-old fan who required two stitches to her bloodied head …
According to U.S. Coast Guard, boating accidents on the water increased in 2005 with 4,969 reported accidents and 697 fatalities. California ranked first with 630 reported boating accidents and 58 fatalities in 2005, and Florida ranked second with 603 reported …
Record earnings, capitalization and profits deliver new challenges for reinsurers If the reinsurance industry were a game of golf, one would say that after three rounds — the two halves of 2006 and the first half of 2007 — it …
Experts interviewed by The Conference Board suggest some criteria when selecting a potential partner: Before bringing in lawyers to draw up contracts, get the partnering teams together in a room to talk about philosophy and goals. Said Robert Spekman, professor …
As a key House committee voted to add wind coverage to the federal flood insurance program over insurers’ objections, a new study reported that many businesses along the Gulf of Mexico coast have had a difficult time obtaining wind insurance …
There is not evidence of sufficient market capacity at the current time to mandate an increase in primary medical malpractice insurance limits in Pennsylvania, Deputy Insurance Commissioner Randy Rohrbaugh has ruled. He was responding to a proposal in state law …
Hurricane Katrina has nearly knocked the wind out of George Dale’s re-election campaign for Mississippi insurance commissioner, a job he’s held for 32 years. Dale is the longest-serving state insurance commissioner in the nation. He’s been crisscrossing the state for …
Ailing ground zero workers have gone to court to demand that the company overseeing a $1 billion Sept. 11 insurance fund uses it to pay for their health care. Attorneys for the workers argue that federal officials meant for the …
