More than 63,000 recreational boats were damaged or destroyed by Hurricanes Harvey and Irma, resulting in a damage estimate of $655 million, according to a national association dedicated to recreational boaters. Boat Owners Association of The United States (BoatUS) said …
Tricia Wilson has joined insurance broker Holmes Murphy as an account executive, specializing in property/casualty for the Dallas market. Wilson comes to Holmes Murphy with more than 18 years of industry experience. Over the course of her career she’s developed …
A new Arkansas-based surplus lines insurer has been approved to do business in the state, according to the Arkansas Insurance Department. Vault E&S Insurance Company has been granted authority to sell property, casualty (excluding workers’ compensation), and marine insurance products …
For the past 10 years the Gen Re office in Dallas has been hosting a successful fundraising event in San Antonio for the Wounded Warriors organization. Soldiers who have been seriously wounded while serving in Iraq and Afghanistan have had …
Hurricane Harvey caused more than $200 million in crop and livestock losses, according to Texas A&M AgriLife Extension Service. Hurricane losses by agricultural commodity include: livestock – $93 million; cotton – $100 million; rice and soybeans – $8 million. Livestock …
Northern California and specifically Sonoma and Napa Counties have experienced the worst wildfires in the history of California. Most of these fires began around Oct. 8, 2017, during night with extremely high winds, that knocked power lines out in hills …
The Louisiana Department of Insurance has issued a reminder that producer and adjuster license renewals are changing in 2018. Beginning in January, producers will file a single license renewal, which will renew all eligible lines on the license. Licensees will …
Brokers and insureds are wondering what impact the devastation left by Hurricanes Harvey, Irma, Maria and Nate will have on property insurance rates, capacity and coverage terms. Short term, there will likely be an immediate increase in rates followed by …
Investor funded litigation is not new, but its use is expanding, according to experts in the field. Panelists at the 2017 Risk Management Summit in Las Vegas, Nev., addressed the growing trend of investor funded litigation, particularly in the area …
One area of emerging risk for many industries, including the long term care or senior living market, is active shooter risk. Not only are residents/patients at risk, but so are senior living facility employees. “An active shooter event is something …
