Features

Independent Insurance Agents Find Some Pundits, Politicians in Washington Agree

News flash: a conservative and a liberal in Washington agree — on quite a few matters, in fact. Before an audience of independent insurance agents, commentators Tucker Carlson, a conservative, and Paul Begala, a liberal, agreed that the coming midterm …

Owners of Leaky Iowa Apartments Win Suit Against Insurer

An insurance company has been told to pay $12.4 million to the owners of a West Des Moines, Iowa, apartment complex that was plagued with water leaks and mold. Construction of the Westlake apartments began in 2002. Westlake Investments LLC …

Environmental Exposure: Flood Risk in the Oil & Gas Industry

There has been much discussion regarding the increasing frequency and intensity of storms around the world. While both underwriters and insurance buyers are concerned with exposure to potential catastrophic losses from these storms, the focus has been on property damage …

Arkansas Regulators Warn Against Misleading Public on ACA Portals

Apparently some insurance providers, producers and others are attempting to place business through portals unlicensed to sell Affordable Care Act qualified health plans by leading consumers to believe the plans are qualified, and Arkansas Insurance Commissioner Jay Bradford wants them …

With Fix for Flood Insurance Program Deficit Delayed, Now What?

There’s no easy fix for the National Flood Insurance Program, now drowning in a $24 billion sea of red ink. But experts and advocates say Congress has options that could make the troubled program financially stable, more affordable and more …

Ten things to know about environmental liability

The market for environmental insurance products remains fluid and highly competitive. Although some carriers raised rates, aggressive pricing and terms are still prevalent. Pricing expectations are flat to 10 percent lower than in 2012. (Marsh, Jan. 2014) Virtually all markets …

Houston Insurance Agents Honor Dean with Outstanding Service Award

Bob Dean, former president and CEO of Houston-based Dean & Draper Insurance Agency LP, has received a posthumous award for his unparalleled service to the insurance industry throughout his career. The Independent Insurance Agents of Houston (IIAH) honored the late …

Missouri Insurance Department Celebrates 145 Years

The Missouri Department of Insurance marked its 145th anniversary on March 4. The state legislature created what was then called the Division of Insurance in 1869. At that time, 171 insurers were authorized to sell insurance products in Missouri. The …

Competition Softens Rate Hikes for Architects, Engineers in 2014: Survey

Although most insurers providing professional liability insurance for architects and engineers sought to raise rates last year, the size of the increases generally failed to meet their expectations. Nevertheless, nearly all leading insurers offering this specialty coverage saw premium growth …

Dallas-Area Staged Accidents Scam Leads to Guilty Plea

A Dallas-area man has pleaded guilty to fraud in staged traffic accident schemes worth $5 million that have been going on since 2005. Prosecutors in Dallas say 61-year-old Leroy Nelson of DeSoto pleaded guilty to mail fraud and to engaging …

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