What lawyer doesn’t like a good fight? As we report in this issue of Insurance Journal Southeast, the Georgia Legislature is considering a number of bills that address tort reform in the Peach State (page 8). Skyrocketing medical malpractice rates …
Although I’ve been around the specialty industry for more years than I care to reveal and now have seen multiple hard and soft markets, I’m confused. Why such confusion? After reading tea leaves, consulting the psychic hotline, chanting various incantations, …
The U.S. Census Bureau’s 2000 census estimated the Wisconsin’s population at 5,363,675. About 85 percent of the adult residents had graduated from high school and about 22 percent had earned a bachelor’s degree or higher. The capital, Madison, has a …
Americans are becoming more sophisticated about long-term care insurance. As the knowledge of this financial product has broadened, the insurance carriers have designed additional options and riders for the more savvy customers. These additional options include accelerated pay riders, indemnity …
The number of independent insurance agencies with revenue greater than $250,000 dwindled to 20,066 in 2000, from 35,000 in 1990. By 2010, the number of agencies will decline to less than 12,000. While some portion of consolidation reflects agencies taking …
As Costello famously asked Abbott, “Who’s on first?” A new report released by leading independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition, the reinsurance market generally maintained underwriting discipline during the 2003-2004 renewal season.” …
Nuts & Bolts: Superior Access Insurance Services Inc. is offering a package and commercial auto program featuring a replacement cost with optional ACV, no coinsurance and property value guard automatic increases. Building coverage includes all buildings, completed additions and maintenance …
Nuts & Bolts: GE Commercial Insurance has increased capacity to write umbrella and follow form excess coverage. Examples of classes include, agricultural, alarm dealers, installation and service companies, amusement parks, athletic equipment manufacturing, commercial artisan contractors, commercial real estate, component …
Nuts & Bolts: The Chubb Group of Insurance Cos. has updated its Customarq Classic property policy. Chubb’s Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property insurance protection or a package of property, general liability and …
Nuts & Bolts: With its newly enhanced STEP SPICE policy endorsement, the Hartford Financial Services Group Inc. unveiled new additions to its multiline program for manufacturers, distributors, installers and repairers of specialized truck equipment. The STEP program includes new property …
