Reliance Group Holdings (RGH), the parent company of Reliance Insurance Company (RIC), one of America’s oldest insurers which traces its roots back to 1817, filed for bankruptcy protection in the Southern District of New York on June 12. The petition …
Environmental pollution policies – they’re not just for oil industry giants and radioactive waste depositories anymore. Even the most seemingly benign businesses may carry the risk of producing, storing or emitting hazardous waste materials. Airports, apartment complexes, pig farms, prisons, …
Court decisions coupled with new state statutes are holding sellers of alcoholic beverages increasingly responsible for damages under liquor liability laws. Nevertheless, liquor liability insurance continues to be a quiet, if not dwindling, market in Texas and elsewhere. In fact, …
If the hospitality market has firmed recently to, say, the consistency of crème brulée, will it necessarily become more like peanut brittle in the coming months? Who knows? But like many areas of today’s economy, including most insurance markets, the …
When John Pergande took over as chairman and CEO of INSpire Insurance Solutions last fall, he had a clear vision for the company’s mission and he knew what needed to be done to turn the then-faltering company around. With little …
Texas, like many states, purports to employ a complaint allegation or “eight corners” rule. Under this “rule,” a duty to defend is determined by comparing the four corners of the petition to the four corners of the policy: if the …
Judging from the number of complaints from insurers and consumers alike in the wake of Tropical Storm Allison’s June foray through Southeast Texas, it is doubtful that Allison will end up being the most popular name for a baby girl …
The St. Paul Companies heralded a July 12 Fulton County, Ga., Superior Court ruling that allows the company to continue providing medical liability and other commercial insurance products and services to new customers in the state. With the ruling, the …
Texas Department of Insurance (TDI) Commissioner Jose Montemayor has issued emergency rules implementing the Gramm-Leach-Bliley Act privacy requirements along with proposed insurance consumer financial information privacy rules. The rules became effective July 12 and are posted on the agency’s website …
A recent study by Palm Beach Gardens, Fla.-based Weiss Ratings Inc. indicated that just eight large property and casualty insurers provide homeowners coverage to residents in hurricane-prone states. Weiss Ratings, a provider of independent insurance company ratings and analyses, said …
