Yearly Archives: <span>2006</span>

The next wave: Insurance prejudice cases

Sometimes law practice reminds me of floating on a surfboard out in the bay. You watch and wait, and the waves come rolling in, always in groups, and you are watching for the one perfect wave. Legal issues seem to …

For O & G operators, contracts and coverages go hand in hand

(Editor’s note: This is the third article in a series addressing risk management for the Oil and Gas operator. The first appeared in the Aug. 22, 2005, issue of Insurance Journal-Texas/South Central, the second ran in the Nov. 21, 2005, …

$1.5B paid on more than 180K Rita claims

The Insurance Council of Texas reported that insurance companies have settled 90 percent of property claims in Texas that resulted from the devastation caused by Hurricane Rita that struck in late September 2005. According to the Texas Depart-ment of Insurance, …

TEXAS JUDGE’S RULING PARTIALLY FAVORS ALLSTATE AND STERLING

Allstate and Sterling Autobody Centers can communicate benefits of its shops, a federal district judge in Texas has ruled. In a news release, Allstate reported that on March 9, 2006, the judge in Allstate, et al. v. Abbott, et al. …

Jury awards Ark. agent more than $2.5 million

A Pulaski County Circuit Court jury awarded a Little Rock, Ark., insurance agent more than $2.55 million dollars in alleged unpaid salary and commissions in a case involving Aon Risk Services of Arkansas Inc. and Aon Risk Services of Illinois …

People and Places

Cathleen C. Beavers was named general manager of the Texas Automobile Insurance Plan Association. Previously, Beavers was residual market business advisor for USAA in San Antonio where she managed the auto residual market for the company nationally. She has served …

La. directives aim for more consumer protection

Louisiana Commissioner of Insurance Jim Donelon issued two directives designed to further protect consumers impacted by Hurricanes Katrina and Rita. Directives 195 and 196 extend the time period for the repair of damaged property and add protections for affected residents …

Bond companies ordered to cease and desist

The Texas Department of Insurance ordered two bonding companies in the Houston area to cease operating in Texas. Both companies, International Fidelity & Surety Ltd. and Providential Surety Company Ltd., were issuing surety bonds without a license and were engaged …

New Markets

Social Services Directors and OfficersNuts & Bolts: Irwin Siegel Agency Inc. (ISA), a Rock Hill, N.Y., specialty program underwriter for the social services field has a new directors and officers liability insurance program that complements current social service packages and …

Solve the multi-state surplus tax problem now

The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116 year history of the industry. In recent years, the …