Nuts & Bolts: M.E. James Surplus Lines Insurance Brokerage is making available a contractors program for construction trades and service. Endorsements – damage to your work, pollution extension. Dollars: Policy limits of $1 million to $2 million. Deductibles up to …
Former Monroe County insurance agent Charles Cafiero was sentenced to six years in prison after pleading to charges he allegedly defrauded businesses in the Florida Keys, leaving customers without insurance months before the 1998 hurricane season. Cafiero pleaded no contest …
As a result of an order issued recently by the Delaware Supreme Court, the Halliburton Company of Dallas will write-off receivables in first quarter 2002. Halliburton announced that the Delaware high court affirmed without opinion the judgement of the Court …
According to a report released by the Insurance Services Office (ISO), U.S. property and casualty insurers paid $24 billion in claims for 2001—the largest amount ever—mainly a result of the terrorist attacks on the World Trade Center. More than $16 …
With an expiration date of March 20 staring them in the face, the U.S. government is extending emergency insurance for airlines that was unveiled following the Sept. 11 attacks, according to Reuters. The six-month coverage for airlines’ third-party war-risk liabilities, …
Responding to a lawsuit filed against it by American International Group (AIG), American National Insurance Company of Galveston, Texas, asserted that AIG breached its reinsurance agreement with the company by ignoring American National’s request for access to documents and records …
INSpire Insurance Solutions Inc., a Fort Worth, Texas-based policy and claims administration service provider to the property and casualty industry, requested a voluntary delisting of its common stock from the NASDAQ National Market effective March 8. NASDAQ halted trading of …
Oklahoma District Court Judge Dan Owens, acting on a request by state insurance commissioner Carroll Fisher, placed Petrosurance Casualty Corp. of Arlington, Texas, into receivership after the discovery that the company is $5.2 million in debt. Regulated by the Oklahoma …
Berkshire Hathaway’s boss Warren Buffett didn’t become America’s most successful investor, and one of its richest men, by making mistakes, so when General Re suffered a $2.4 billion hit from the WTC attacks, everyone waited to see what the impact …
The insurance industry would like the public to believe they have found the holy grail of underwriting: credit scores. Since they now have this vehicle to make sure that only good drivers get good rates and bad ones pay more, …
