Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have claimed that the private insurance industry cannot pay for natural disaster losses without the support of a system of state and federal natural …
The perils facing employed lawyers have increased substantially in the past five years. Attorneys should know better than anyone, other than perhaps insurance professionals, about the perils that exist and the value of professional liability coverage. Oddly enough, there are …
A preliminary report from the federal government found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At the same time, the Department of Homeland Security …
A federal appeals court sided with Nationwide Mutual Insurance Co. on Aug. 30 in a key case related to hundreds of lawsuits over damage caused by Hurricane Katrina. The 5th U.S. Circuit Court of Appeals in New Orleans ruled that …
While I suspect that many folks in the insurance industry had a “dog in the fight” so to speak in regard to the outcome of Lamar Homes vs. Mid-Continent Casualty Co., I can tell you that I sure breathed a …
For many years now, the Texas Supreme Court has been generally evenhanded in its dealings with insurance coverage issues. In most instances, it has carefully and reasonably construed language of policy terms without stretching the boundaries of credulity simply to …
Private Schools (K-12) Nuts & Bolts: Markel Insurance Co. is an admitted, “A” -rated carrier that insures private K-12, Montessori, charter, trade/vocational, business, and correspondence schools. Available coverage includes general liability, umbrella, sexual abuse/molestation, corporal punishment, educators’ liability, sports liability, …
The National Association of Professional Surplus Lines Offices selected officers and directors for the trade association’s 2007-2008 term. The new officers are: President – Mary Ellen Rozzell, Continental/Marmorstein & Malone, Paramus, N.J.; Vice President – John F. Wood III, Specialty …
The collapse of the subprime mortgage lending industry has dominated the headlines, led to turmoil in the credit and financial markets, and left the residential real estate marketplace in disarray. It has already generated waves of litigation, with the lawsuits …
For agents, the Liberty Mutual Agency Markets acquisition of Ohio Casualty promises to be a matter of addition, not subtraction. For the most part, Ohio Casualty’s 3,400 agents will join with and not replace or be replaced by Liberty Mutual’s …
