Management, Professional LiabilityNuts & Bolts: National Union Fire Insurance Co. of Pittsburgh, a member company of American International Group Inc., has released AIG ePro, a Web-based system allowing brokers to quote and bind PrivateRisk Protector coverages. PrivateRisk Protector is a …
Can independent agents compete in the nonstandard auto market? The big boys are better organized, financed and dominating the byways. They also are not creating a level playing field. More often than not, large insurers are able to sell products …
While homeowners and businesses can physically pickup the pieces following a natural disaster, mending the hearts and minds of those in the field is not so easy. Four industry CEOs recently described the emotional impact that 2005’s catastrophes had on …
Tougher building code standards aimed at reducing future hurricane damage in North Carolina have been sent to a state committee studying disaster management. Insurance Commissioner Jim Long petitioned the Joint Study Committee on Energy Preparedness and Dis-aster Management Re-covery Sub-committee …
Recent developments in the Mississippi wind vs. flood case and statements by attorney Richard “Dickie” Scruggs about having information from one or more whistleblowers are serious allegations and Scruggs should be challenged to “put up or shut up,” Bill Bailey, …
With Florida’s staged-accident rings thriving even while serious crimes like robbery and murder are dropping, efforts are underway to notch up the heat against money-draining insurance gangs. Legislative reforms that try to swing the enforcement pendulum back toward hard-pressed fraud …
A high-profile litigator in Moss Point, Miss. said that a whistleblower is helping him build a case against insurers who denied thousands of claims from policyholders whose homes were destroyed in Hurricane Katrina. Richard “Dickie” Scruggs, who helped secure a …
Sirius International Insurance Corp. has agreed to withdraw an application it submitted to the Florida Office of Insurance Regulation for approval to do business in Florida as an eligible surplus lines insurer. The action occurred after representatives of Sirius and …
Florida Attorney General Charlie Crist has filed a civil complaint against Marsh & McLennan Companies Inc., alleging that the company illegally manipulated insurance markets to obtain improper commissions and engaged in bid-rigging. In a joint action, the Attorney General’s Office …
While Congress’ insurance regulatory reform efforts appear stalled as 2006 began, it is important to note that the states continue to move forward. These efforts require all the states to contiue to move their efforts ahead in concert–as they have …
