Markets/Coverages News

Conference June 21 to Focus on Marketing to Latino Population

The 2000 U.S. Census shed light on the dramatic growth of the Latino population in the United States, with experts estimating Latinos’ buying power at $450 billion. To address the challenges of communicating to this population segment, the Insurance Information …

Judge Rules Insurers Can Question Willis on WTC Coverage Form Dispute

U.S. District Judge John Martin has ruled in favor of a motion filed by Travelers Property Casualty Corp. in the Swiss Re/Silverstein Properties lawsuit over the extent of coverage on the World Trade Center. The motion, made as part of …

21 More Persons Arrested in NY Auto Fraud Scam

The New York State Insurance Department announced the arrest of an additional 21 persons (112 were indicted last December), charged with participating in an auto fraud insurance ring in Queens. The NYSID said that the arrests were part of “a …

Crump Adds New Brokers in Dallas

Crump Insurance Services of Texas added two new brokers to its Dallas office, Robert Thompson and Kathy Bell. Thompson joins the firm as an underwriter/broker, and will be producing MGA and brokerage business. He writes CGL, umbrella, property and inland …

Triad Guaranty Launches Online Contract Underwriting Tool

Triad Guaranty Insurance Corporation, a subsidiary of North Carolina-based Triad Guaranty Inc., has unveiled eU Xpress(SM), an electronic contract underwriting submission and approval system. The new tool is part of Triad’s TAXI(SM) (Transactions Across the Internet) online system. Through eU …

Insured-Property Loss Estimate from Sept. 11

Insured-property losses from the Sept. 11 terrorism attack on the World Trade Center and the Pentagon are now estimated at $20.3 billion, up from the $16.6 billion that Insurance Services Office, Inc.’s (ISO) Property Claim Services (PCS) unit had reported …

Applied Systems Launches Data Storage and Recovery Service for Clients of The Agency Manager®

Applied Systems®, an automation solutions provider for the P/C industry, is making available a service that will prevent the critical data of an agency’s business from being lost or destroyed due to a disaster or catastrophe. The agency data is …

Ind. Department Holds Meeting on License Testing Program

The Indiana Department of Insurance will hold a public meeting June 28 to discuss the testing program for insurance licenses. Officials from the Department and representatives of Experior Assessments, LLC and the Kelley Insurance Center at Drake University will provide …

Texas Agent Arrested for Issuing Bogus GL Policies

John Tesseyman III of Tyler, Texas has been arrested on four felony charges after a raid of his Old Bullard Road office, and stands accused of bilking millions of dollars in bogus general liability insurance policies from various companies. According …

Five States Become Latest to Back AgentSecure’s Web-Enabled Tool for Smaller and Rural Agents

AgentSecure, a division of InsureZone that provides agents with online access to big-brand P/C and life products through a single-entry, multiple-carrier interface (SEMCI), has received exclusive endorsements from five more state-based organizations affiliated with the Independent Insurance Agents & Brokers …