Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance Information Institute, posed that question at the recent Chartered Property Casualty Underwriters Society …
Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and are designed to justify insurance premium increases. RMS declined to address the specific …
The number of all terrain vehicles (ATVs) in the U.S. increased from 4 million in 1998 to around 7 million in 2003, according to a study published by the Oklahoma State Medical Association in 2005. Addition-ally, the ATV Safety Institute …
Conroe, Texas-based managing general agency and wholesale insurance broker Surplus Inc. announced key promotions within its management team. Debra Bowers was promoted to executive vice president. Bowers has 25 years of experience in the industry with 23 of these years …
Unlike other sales and service companies, independent insurance agencies have a management function in their daily operations. Most property and casualty insurance agencies agree not only to sell and service insurance products, but they also receive transacted premiums, maintain them …
During April 2006, Jean Patterson, executive director of the Texas Surplus Lines Association, celebrates her 25th year with the organization. With this being the association’s 50th anniversary, Patterson can rightly say she has supported TSLA for half its life. A …
Despite all the recent changes in policy forms, a number of claims still exist under policies using “ensuing loss” language. This language has been the source of a great deal of debate, and rose to the fore during the height …
Despite having passed tort reforms in 2003, Texas has one of the worst legal climates in the country according to a study released by the U.S. Chamber Institute for Legal Reform (ILR). The state ranked number 43 in the 2006 …
The decision by the three major consumer credit reporting agencies to create a more uniform credit scoring system is not expected to have a major impact on insurers’ use of credit in rating personal lines insurance policies, although some think …
A federal judge in Gulfport, Miss., recently refused to throw out a wind vs. water lawsuit that a couple filed against Allstate Insurance Co. over claims for damage to their home from Katrina, the Associated Press reported. The lawsuit, filed …
