coverage News

The Lowdown: Spirits, Stouts, Craft Brews and More

“The more you know, the more you know you don’t know.” – Aristotle Though attributed to Aristotle, he didn’t really say that, exactly. More likely, he said something very complicated, but the idea behind his wisdom is this: On your …

New Liability Coverage Minimums in Nevada Go into Effective in July

Nevada’s new liability coverage minimums go into effect next month. The new standards require drivers to be covered for at least $25,000 in bodily injury per person, $50,000 per crash and $20,000 for property damage per wreck. According to the …

Just in Time for Summer: This Savvy Coverage Gets Road Trips in Gear

This post is part of a series sponsored by PersonalUmbrella.com AAA projected that over 42 million travelers were going to hit the road on Memorial Day, almost 5% more than last year. And they’ll be sharing the road with motorcycles, …

Nautilus Insurance Enhances Contractors Program

Coverage Now Available in 48 States, Including California. Scottsdale, AZ, July 13 2015 — Nautilus Insurance, a W. R. Berkley Company®, has announced the enhancement of its General Liability product offering for Contractors, while also expanding product availability to all …

Bill Allowing Insurers to Drop Drivers Axed by Arizona’s Brewer

Arizona Gov. Jan Brewer has vetoed a bill that would have allowed insurance companies to drop drivers from their coverage if their car was driven mostly out of the state. The bill would have affected college students and snow birds …

Rescission Decision Averts $43M in Damages in California Case

Attorneys representing Liberty Mutual Insurance Co. averting what could have been a $43 million payout in damages this week characterized the California court case a cautionary tale for insurers. The case is Heide Kurtz v. Liberty Mutual Ins. Co., et …

Insurance Not Likely To Cover Damage in Montana Fire

Insurance policies belonging to the man who started the 2012 Corral fire in Montana likely won’t be enough to cover the damage to surrounding properties. Attorneys told the Independent Record that Robert Fitte has about $1.3 million in coverage to …

Texas Business Indicted on Workers’ Comp Fraud Charges

A Travis County, Texas grand jury has indicted Mark Edward Helm and McClanahan Drywall Inc., of Emory, Texas, on workers’ compensation fraud-related charges. Helm was an officer of McClanahan Drywall Inc. and obtained workers’ comp coverage through Texas Mutual Insurance …

Iran Oil Liability Fears Grow as Insurance Ban Bites

A ban on European Union insurers covering Iranian oil exports has forced ship owners to fall back on new, untested insurance providers, raising fears that governments may have to pay in the event of an oil spill. The July ban, …

Berkley Technology to Cover U.S. Tech Business through Lloyd’s

Berkley Technology Underwriters, LLC, a Minneapolis-based global technology underwriter and part of the W.R. Berkley Group, announced that it has “been accredited as a Coverholder on behalf of Lloyd’s of London. As a Coverholder, Berkley Technology Underwriters is able to …