Monthly Archives: <span>August 2003</span>

Eureste Disbarred for WC Fraud:

Texas Mutual Insurance Company reported that the Texas State Bar has permanently disbarred Bernardo Eureste, a Houston attorney and former San Antonio city councilman. Eureste has not practiced law since June 2002, when he was sentenced to three years’ probation …

Texas Ag, Farmers Make a Deal:

According to Texas Attorney General Greg Abbott, the state reached a settlement with Farmers Insurance Group that requires the company to refund an estimated $2.4 million to about 13,000 Texas motorists who may have paid more for vehicle repairs than …

Recovery From Adverse Conditions on Minds of IIS Seminar Attendees

The International Insurance Society’s 39th Annual Seminar, held in July at New York’s Waldorf Astoria Hotel—differs from other big insurance gatherings. It brings together CEO’s, top managers, academics and executives from the big four accounting firms, to discuss the current …

Texas Carriers Ordered to Lower Homeowners Rates

On Aug. 8, the Texas Department of Insurance (TDI) ordered most of the top 32 insurance company groups writing homeowners insurance in Texas to lower their rates by up to 31 percent, a move the department expects will save Texas …

Never a Dull Moment

It seems there’s never a dull moment in the Texas homeowners market. Insuring homes has always been a gamble here, what with the state’s notorious propensity for attracting wild weather. But since the Ballard mold case hit Farmers Insurance Group …

Despite Compulsory Coverage Laws, Fight Against UMs Marches On

Compulsory auto insurance. It sounds like the “silver bullet” for the problems of uninsured motorists, doesn’t it? Make it mandatory for all motorists to purchase coverage and you won’t have an uninsured motorist (UM) problem, right? Not exactly! The fact …

Pitfalls to Avoid in Running a Captive Premium Finance Company

This is the third and final part in a series of articles discussing captive premium financing. The decision has been made to form a captive premium finance company. The method in which you plan to run your operation has also …

One Year After Sarbanes-Oxley, a Fresh Look at D&O Underwriting

The anniversary of the Sarbanes-Oxley Act of 2002 (SOX) has opened the door of dialogue to the benefits of sustainable, effective corporate governance. The Securities and Exchange Commission’s (SEC) shift in focus from regulating disclosure to corporate governance brings new …

nuServe Allows Agents to Identify Risks Quickly

In today’s fast-paced business world, technology is an invaluable tool to agents and brokers who want to compete. And to compete well means knowing all of the options that are available. Most agents and brokers are well aware of and …

Health Care Costs Play Major Role in Company’s Fortunes

The cost of health care is the most popular issue that politicians, employers and Americans of all walks of life are talking about. Health care in America represents approximately 15.6 percent of the Gross National Product and the trend is …