Ron Wright, chief operating officer of Texas Mutual Insurance Co. since 1997, is set to become president and CEO of the company effective Sept. 1, 2009. Wright will succeed Russell R. Oliver, who announced his retirement in February. Oliver has …
A Devastating Experience “Losing everything is an unimaginable and devastating experience. … Oklahoma’s professional agents and adjusters are poised to respond.” —Oklahoma Insurance Commissioner Kim Holland has declared a state of emergency to allow insurance companies to more rapidly respond …
Chinese Drywall Concerns “I believe you’re going to see this is widespread. Anytime you have mounting evidence of potentially toxic goods you have an obligation to act quickly to protect consumers.” —U.S. Sen. Bill Nelson, D-Fla., a member of the …
Understanding the Rights and Obligations Imposed on the Insured One of the most powerful tools available to an insurer in adjusting first-party property claims is the right to examine the insured under oath (EUO). Thus, it is important that every …
While the tendency is for independent agents to stress their independence and go solo, a team approach can be very valuable to producers who are new to the industry. “When producers first come in, instead of handing them the Yellow …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Technology Errors & Omissions Market Detail: Chamber Insurance Agency Services gives agents access to an …
Too busy fleeing from a hurricane to decide which evacuation route to take in Mississippi? You may want to check your cell phone or laptop for a tweet. Mississippi Department of Transportation officials will use the micro-blogging platform Twitter to …
A new errors and omissions insurance program for property management firms, named SmartPro™, is now available from New Empire Group, Ltd. Robert E. Mackoul, CLU, Chief Executive Officer of New Empire Group stated, “The program is geared toward small to …
Federal prosecutors in New Orleans are seeking a 20-year prison sentence for a woman convicted of participating in a money laundering scheme with a former Louisiana lawmaker. A jury convicted Gwendolyn Moyo last year of charges she sold millions of …
Does a bad economy increase crime? Analysts have debated that question for years, according to Mike McKee, senior special agent for the National Insurance Crime Bureau. While it’s too soon for statistics to confirm whether recent events like the mortgage …
