August 4, 2008
As wildfires seemingly increase in frequency and severity of insured losses year after year, insurers are devising fire prevention methods to protect their client’s properties — including hiring private firefighting specialists. New Jersey-based Chubb Corp. began offering free fire protection …
August 4, 2008
The Supreme Court of Montana ruled that even a bystander’s claim for bodily injuries can be covered in an insurance policy. According to court documents in Allstate Insurance Co. v. Terry Wagner-Ellsworth and Tiffany Rusk, in February 2000, Wagner-Ellsworth caused …
August 4, 2008
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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …
July 31, 2008
Heavy airtankers dropped fire retardant along a ridge near the Red Lodge Mountain Ski Resort in Montana to protect the resort from an advancing wildfire. Resort employees stood by, ready to operate the resort’s snowmaking equipment to send cascades of …
July 29, 2008
Eighteenth century pirates and a nineteenth century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern workers’ compensation system owes parts of its existence to this unique …
July 18, 2008
The city of Billings, Mont., may end up paying more than $1 million after a jury sided with a police officer in a discrimination lawsuit. The jury awarded officer Steve Feuerstein $1.3 million in July 2007. Now, Billings’ insurance carrier …
July 17, 2008
Seated behind the wheel of a fire engine, Dave Breglia follows a map dotted with expensive homes threatened by wildfires. His job: protect high-end real estate and save an insurance company millions of dollars. “I never know where I’ll go …
July 16, 2008
Montana is reminding farmers and ranchers that the deadline to purchase state hail insurance is Aug. 15, 2008. Montana is the only state to offer state-administered hail insurance, which for many farmers supplements crop insurance offered by private companies. The …
July 16, 2008
Naming critical concerns regarding confidentiality and authority, the National Conference of Insurance Legislators (NCOIL) advised a slowdown of a market conduct annual statement (MCAS) proposal being considered by the National Association of Insurance Commissioners (NAIC). The NCOIL Executive and State-Federal …
July 15, 2008
New Hampshire officials announced changes in licensing fees for insurance producers and adjusters that include a single $210 application and license fee for initial producer licensing replacing what used to be two separate fees. The producer licensing renewal fee remains …