Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm? March 7, 2013 By Amy O'Connor Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to...
AER Upgrades Respond Products to Improve Hail Claim Assessments March 6, 2013 Atmospheric and Environmental Research (AER), a member of the Verisk Analytics Family of Companies, has upgraded its AER Respond and...
Small Businesses Hit With Data Breach Often Fail to Notify Customers: Survey March 6, 2013 While more than half the U.S. small businesses experienced at least one data breach, just one-third of those firms notified...
General Star Launches High Value Homeowners Program March 6, 2013 General Star Management Co. has launched a high value homeowners program. Effective March 1, the product is offered through All...
U.S. Commercial Lines Rates Up 4% in February: MarketScout March 6, 2013 Commercial lines property/casualty insurance rates rose 4 percent on average in February 2013 compared February 2012, a recent survey revealed....
Trial for BP Shareholders’ Suit Over Gulf Spill Claims Set for 2014 March 5, 2013 A U.S. civil trial has been set for Aug. 25, 2014, regarding accusations that BP Plc committed fraud by misleading...
Cut Crop Insurance Subsidy by $40 Billion, Say Fiscal Conservatives March 5, 2013 By Charles Abbott A coalition of fiscal conservatives on Tuesday called for a steep cut in federal subsidies for crop insurance, setting up...
Ironshore, Lexon Surety to Offer Surety Bonds in U.S. March 5, 2013 Ironshore Inc. and Lexon Surety Group have completed the first stage of a new strategic alliance in the surety market....
Best Affirms Hartford and Subs Ratings; Downgrades Hartford Life Companies March 5, 2013 A.M. Best Co. has removed from under review with negative implications and downgraded the financial strength ratings (FSR) to ‘A-‘...
Commentary: Agents Act Now on Healthcare Reform March 5, 2013 By Steve Purkapile For agents and brokers, 2013 is a relatively quiet period related to Affordable Care Act requirements. However it should be...