United States News

The Flood Insurance Coverage Paradox

You May Not Know What You Think You Know About Flood Insurance Claims When dealing with claims under flood insurance policies, you may be surprised that many things you think you know are wrong, and, particularly for insureds, many things …

People

San Francisco-based Wells Fargo & Co. announced its management team for the combined insurance businesses of Wells Fargo and Wachovia Corp. Reporting to Dave Zuercher, group head of International and Insurance Services, are Neal Aton, head of Wells Fargo Insurance …

Who Got AIG Bailout Funds? Partial List of Firms Published

Where, oh where, did AIG’s bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published. The Wall Street Journal reported on Friday …

‘Sometimes You Just Have to Ask’

“You don’t have to be Hispanic to join the Hispanic Chamber of Commerce.” George Saenz Sr., founder of Cielo Vista Insurance Agency in El Paso, Texas, made that comment when Insurance Journal spoke to him while researching an article on …

How AIG Fell Through the Regulatory Cracks

U.S. lawmakers blasted state and federal regulators for dodging blame and keeping secrets after the failure of insurance giant American International Group Inc., which now has access to more than $170 billion in taxpayer money. Calling AIG “the greatest corporate …

The Nuts of the Peanut Recall Case

The story of the salmonella-tainted peanut products distributed by Peanut Corp. of America (PCA) is one of the highest-profile food recall cases in recent memory, and one that holds a number of interesting side stories for the insurance industry. One …

People

Robert J. Ray has been appointed vice president and treasurer of Rogers & Gray Insurance Agency in Massachusetts. Ray joined the agency in July 2008 as chief financial officer. He previously worked at Hub International, formerly Brewer & Lord, and …

One Size Does Not Fit All

Agents Beware of Coverage Differences in Personal Umbrella Policies A condominium board is involved in a lawsuit that results in a board member being sued. A neighbor’s child is playing in the backyard, falls off a swing and sustains injuries. …

A Letter to the President

President Barack Obama recently received the following letter from the Independent Insurance Agents & Brokers of America congratulating him on becoming the 44th President of the United States of America, and encouraging him to preserve the successful state system of …

Stimulus Should Produce Some Benefits for P/C Insurance

Insurers, Brokers Anticipate Insuring Construction Projects Funded With $140 Billion Infrastructure Monies The property/casualty insurance industry should see some modest benefit from the $787 billion federal stimulus package — the American Recovery and Reinvestment Act of 2009 – which is …