Despite hurricane, coastal insurance ‘road show’ goes on Agents help spread the message about necessary coverages Tropical storms and hurricanes tend to put a hitch in the most well crafted plans. Such was the case in August 2007 as a …
Surplus lines execs search for common ground The independent nature of surplus lines professionals was apparent when a panel of industry executives discussed current issues at the recent National Association of Surplus Lines Offices convention, recently held in New Orleans. …
Calif. passes flood legislation, rejects bill on child booster seats California Gov. Arnold Schwarzenegger has signed legislation designed to strengthen flood protections in California and approved a bill that would ban smoking in vehicles carrying children. And he rejected a …
ChoicePoint faces class action lawsuit it claims is baseless, association contemplates what action to take Two insurance producers have filed a class action lawsuit against ChoicePoint Inc., ChoicePoint Services Inc., ChoicePoint Online and certain officers and directors, alleging, among other …
Industry urged to watch for emerging benzene, lead, welding rod torts Large pool of litigants, scientific evidence, plaintiff’s attorneys all cause for concern Actuaries need to be on the look out for emerging mass tort claims related to benzene, lead …
Conn. AG alleges reinsurance antitrust conspiracy drives-up prices A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely unregulated reinsurance business. Connecticut Attorney General Richard Blumenthal has …
The offshore reinsurance tax debate resurfaces in Congress again Domestic-owned insurers claim Bermuda-based companies hold an unfair tax advantage An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee late last month …
N.Y. to issue driving licenses for illegal immigrants New York State officials say a plan to provide driver’s licenses to illegal immigrants with valid foreign passports will enhance security by creating records of their identities. But critics say those records …
House-passed flood insurance bill provides optional windstorm coverage The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The …
Mass. warned on coastal development and insurance A major hurricane making landfall in Massachusetts could cause billions of dollars worth of property damage while also severely straining the resources of the state’s residual homeowners’ insurance market, the FAIR Plan, according …
