A New York judge held former American International Group Inc. CEO Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice Charles …
Always Exceptional “It’s easy to forget the good times during times of adversity, but we need to remember that our unique experiment with democracy has produced greater prosperity for more people than any other system in the history of civilization.” …
Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance, according to a report from the RAND Corp. …
Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance, according to a report from the RAND Corp. …
No Place to Hide “Voters want leaders to stand tall on insurance reform …. Candidates cannot hide from this issue. Texans are looking for leaders to deliver results that will hold insurance companies accountable for their prices, coverage, and claims …
Insurer Suits “We are expected to be one of several insurance companies that are taking this action.” —Allstate spokeswoman Christina Loznicka after Allstate Insurance Co. announced it had sued Toyota Motor Corp., seeking to recover more than $3 million the …
This is the David versus Goliath story of how the Mallory Agency, a small independent insurance agency in LaGrange, Georgia, has faced off against bigger agencies and won. Its weapons: “face time,” professional training, and smart, not big budget, marketing. …
Surplus line insurers should not be subject to California Constitution Section 28 taxes to the state, according to a California Court of Appeal decision that notes that these nonadmitted insurers already pay surplus line premium taxes. A conflict arose when …
1. Flood Coverage Flood coverage is NOT included in the Commercial Property Package (CPP). 2. Vacant v. Unoccupied “Vacant” and “unoccupied” are not synonymous in the CPP. A building or unit can be “unoccupied” without being “vacant.” If it’s not …
The Demotech Company Classification System Identifies State Specialist P/C Carriers for 2010 American humorist and philosopher Josh Billings could have been describing State Specialists when he said, “Be like a postage stamp. Stick to one thing until you get there.” …
