It’s been called “the Titanic of all insolvencies”—on Dec. 3, 1985, Transit Casualty Company, domiciled in Missouri, was declared insolvent by the Cole County Circuit Court. During the late ’80s, ill-fated Transit was the largest of three big insolvent companies …
Since the 1800s, the insurance industry has used technology to track and control catastrophic exposures. Insurers first used mapping after companies were hit by major fires in cities such as Boston, Chicago and Philadelphia. This sophisticated (for that time) tracking …
Texas has the highest average medical costs per workers’ compensation claim of nine states according to a survey recently released by the Texas Research and Oversight Council on Workers’ Compensation. The report, Striking the Balance: An Analysis of the Cost …
A new Conning & Co. study reports that the majority of property/casualty insurers did not have a guiding Internet strategy when developing their websites and only a few insurers use the Internet effectively to reinforce their existing corporate strategies. The …
For the past decade, the marine insurance market has been struggling to keep its head above water. And to make matters worse, premiums dropped 4.1 percent between 1998 and 1999-marking the third straight year of decline. Industry experts are blaming …
In September of 1994, a busload of insurance industry members, legislators and business folks toured some of inner city Houston to see what Democratic Sen. Rodney Ellis saw in his district. Insurable houses. That’s what he wanted them to see, …
One in three American homeowners have recently remodeled their home or are planning to do so within the next year. That could make for a lot of financial risk exposure, according to a recent study commissioned by the Independent Insurance …
The media reports have died down since the Feb. 6 ruling that the United States was in violation of the North American Free Trade Agreement by disallowing Mexican trucks free access to American roadways. The work has just begun, however, …
It will likely come as no surprise to those who have been following the Texas Legislature this session that very few insurance-related bills are expected to make it out of committee. At least it’s no surprise Bo Gilbert, legislative liaison …
Thanking William C. Clark (center), president of Warehouse Insurance Management Co., are MUA vice president Sherry Wright, Atlantic Mutual Companies (left); and LA CPCU Chapter president-elect David Keleher, Farmers Insurance (right). A joint meeting of the Los Angeles Chapter of …
