Features

Disaster Planning for Agencies: Minding Your Business

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 …

5 Rhode Island Residents Charged in Fake Opioid Prescription Scheme

Federal authorities say five Rhode Island residents have been charged with participating in a scheme to create fake prescriptions for opioid pills and occasionally use medical insurance to pay for those prescriptions. The U.S attorney’s office said the defendants are …

Hurricane Harvey Caused More than $200M in Crop, Livestock Losses in Texas

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 …

Impact of Recent Natural Catastrophes on Insurance Market

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 …

Gen Re Marks a Decade of Helping Wounded Warriors at San Antonio Event

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 …

Vault E&S Approved as Surplus Lines Insurer in Arkansas

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 …

More than 63K Recreational Boats Destroyed by Hurricanes Harvey and Irma

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 …

Auto Insurance Reform Bill Goes Down in Michigan House

A bill to reduce auto insurance premiums was defeated late on Nov. 2 by the Michigan House, another blow for longstanding efforts to rein in medical costs contributing to the highest average rates in the country. After hours of behind-the-scenes …

Deal Activity on Record Pace: MarshBerry

Deal count is on record pace for the first nine months of 2017 (year-to-date, Sept. 30, 2017). There were 357 transactions during this period. By comparison, 334 transactions closed during the same year-to-date period in 2016, and 352 deals year-to-date …

Impact of Natural Catastrophes on Insurance Market

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 …

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