Features

Insureds Rarely Have Home Inventories Despite Benefits, Say Claims Pros

Despite big storms and wildfires highlighting the need, home inventories are rare, say insurance industry experts. A recent Allstate Insurance survey of Atlanta homeowners found that while than more than 90 percent of homeowners are concerned about protecting their homes, …

E&O Insights: Managing Disasters from an E&O Perspective

If your agency is looking to manage disasters and catastrophes from an errors and omissions (E&O) perspective, could performing account reviews for your clients be just the answer? Absolutely. As many agencies discovered, account reviews are a tremendous tool that …

Texas Bugatti Owner Destroys Vehicle in Insurance Fraud Scheme

A Lufkin, Texas, man has pleaded guilty to federal violations in the Eastern District of Texas, according to an announcement by U.S. Attorney John M. Bales. According to information presented in court, in October 2009, Andy Lee House purchased a …

Widespread Damage from Napa Jolt

The magnitude 6.1 earthquake that struck Northern California in the early hours of Aug. 24 may cause up to $4 billion in economic losses by some estimates – although most of that is believed to be uninsured losses. It was …

Marijuana and Workers’ Comp

There are some who believe medical marijuana and the workplace are a potent mix just waiting to be stirred as increasingly more states approve the herb and its derivatives for medicinal use. Not only are states approving the use of …

Prevention, Improved Response Stressed in West Explosion Report

Improvements in the response to large, complex fires was just one of the suggestions in a state fire marshal report on the fire and deadly explosion of a fertilizer plant in West, Texas, early in the evening on April 17, …

U.S. Retailers Warned About Hacking Software

More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said recently. The government urged businesses of all sizes to scan their …

Coverholders Playing Greater Role in Lloyd’s Global Expansion

Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal channels.” Each policy resembles a …

Everyone Likes a Hard Insurance Market, Right?

What’s the big deal with a hard property/casualty insurance market? Everyone likes one, said Art Davis, president of Colony Specialty, a member of the Argo Group. “You make a lot of money, have good returns.” The problem is, Davis said …

New Mexico Traffic Deaths Up 20% This Year

A government report shows that traffic deaths in New Mexico have increased about 20 percent this year. According to preliminary figures from the Department of Transportation, 204 people have died in traffic accidents from January through July. That’s up from …

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