Hawaii may have its hurricanes, California has its earthquakes and floods, and Colorado (at least this year) has cumulative snowfalls nearly a mile high. Yet in 2006, the Midwest — not West — won in the unfortunate disaster lottery. While …
Attorneys Fees State Farm Mutual Automobile Insurance Co. v. Lestenkof (Alaska, Sept. 29, 2006) Ruling: In this case, the court considered whether an auto insurer must pay unlimited (Alaska Civil Rule 82) attorney’s fees to settle on underinsured motorist insurance …
Hospitality Program Nuts & Bolts: Underwriters at PLIS are offering The Hospitality program, written on Lloyd’s paper covering named perils ranging from Aeromonas hydrophila to Yersinia enterocolotica. The policy has the benefit of: a “trade name trigger;” up to 25 …
Enacted catastrophe-related laws increased dramatically in the states last year, according to the annual survey of state insurance laws prepared by the National Association of Mutual Insurance Companies (NAMIC). “Ten states enacted 17 catastrophe-related bills last year as compared to …
Burns & Wilcox announced it now will provide personal lines fire, earthquake and DIC coverage in Hawaii. Coverage includes owners of primary, secondary, tenant-occupied and seasonally rented homes on the Hawaiian Islands (also offered in California and other states). Coverage …
Liberty International Underwriters, a division of Liberty Mutual Group, now offers general liability products out of its Los Angeles office. Heading up the Los Angeles operation’s general liability office is Vice President C.J. Johnson, formerly with Ace. “C.J. has been …
Responding in part to crashes in Hawaii and Alaska, the government announced new safety standards last week for air tour companies that operate at many scenic vacation spots and for pilots who offer rides at air shows. The Federal Aviation …
D&O for Small Public Cos. Nuts & Bolts: The Chubb Group of Insurance Companies has introduced specialized directors and officers (D&O) liability insurance for publicly traded companies with market capitalizations of $100 million or less. These “micro-cap” coverage enhancements can …
Trucking Nuts & Bolts: AIX Group, Inc., a specialty insurance holding company, has formed a program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss experience and fleets between …
Hurricane Katrina and the New Orleans Flood was a wakeup call to the nation on the vulnerability of the nation’s levee systems. So after completing its notification of levee owners, the U.S. Army Corps of Engineers has released the locations …
