Allstate Insurance Co.’s delays in adjusting claims in Louisiana after hurricanes Katrina and Rita were justified in light of “severe problems, impediments, roadblocks and hindrances” created by the storms, state insurance regulators said in a report issued Friday. The Louisiana …
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 …
Trucking Auto Physical Damage Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, has formed a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss …
We all know that catastrophes come in all forms and shapes, not just as hurricanes, earthquakes, fires and mudslides. In light of the recent devastating winter ice and snow storms that crossed the Midwest and then moved to the eastern …
James W. Good, executive vice president of trucking industry insurer Baldwin and Lyons Inc. and president of its subsidiary insurance company, Protective Insurance Co., announced he will retire from the company in May 2007, after 42 years of service. Following …
Giant insurer Allstate Corp., based in Northbrook, Ill., doesn’t have much to fear from a Mississippi class-action lawsuit that seeks to have insurers in the state reopen closed Hurricane Katrina claims, according to the company’s chief executive. Rival State Farm …
Antitrust laws “Federal oversight would provide confidence that the industry is not engaging in the most egregious forms of anticompetitive conduct — price fixing, agreements not to pay, and market allocations … insurers may object to being subject to the …
Brooke Corp., Oakmont Brooke Corporation entered into a definitive agreement by which Brooke Credit Corporation, its finance company subsidiary, will merge with Oakmont Acquisition Corporation. The planned merger will result in Brooke Credit becoming a public company with Brooke Corp. …
We all know that catastrophes come in all forms and shapes, not just as hurricanes, earthquakes, fires and mudslides. In light of the recent devastating winter ice and snow storms that crossed the Midwest and then moved to the eastern …
Antitrust laws “Federal oversight would provide confidence that the industry is not engaging in the most egregious forms of anticompetitive conduct – price fixing, agreements not to pay, and market allocations … insurers may object to being subject to the …
