Markets/Coverages News

Fake Stucco, Real Trouble: EIFS-Related Claims Constrict CGL Markets

Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several years, now: damages stemming …

Insurers & Contractors Trying to Nail Down Proper Coverage

If you’re placing coverage for a client who is a contractor, there are three factors that determine what obstacles you will encounter: location, location, location. The real question, however, is whether it will stay that way or whether contractors will …

Executives-Private Companies

Nuts & Bolts: The St. Paul Companies has introduced St. Paul Executive Choice(SM) for Private Companies, a portfolio of products designed to help protect executives and employees of private companies from the risks associated with managing a business. Designed to …

Mapping Error Raises Flood Insurance Premiums

Officials in Pennsylvania’s Richland Township will ask the Federal Emergency Management Agency (FEMA) to correct official maps of the area, that incorrectly designate certain properties as located on a flood plain. An article in the Allentown Morning Call indicated that …

Late Notice May Insure Responsibility for Pre-Tender Defense Costs

Texas requires automobile liability insurers and general liability insurers to include language in their policies establishing a “prejudice” requirement before late notice can be used as a defense. For instance, most general liability policies provide that: With regard to Bodily …

Who’s Who Across Texas, Local Associations at Work

Here’s what some of the local Big “I” chapters have been doing over the past year: AMARILLO President: Todd D. Gower Vice President: Ronnie Hudson Secretary-Treasurer: Steve Lapp Executive Secretary: Val Henneman The Amarillo chapter is currently providing college scholarships …

Good News/Bad News Story

Well, the hard market has arrived in all its glory. Everyone is ecstatic because they will make a lot of money. That’s the good news. The bad news is your clients are mad at you, the carriers and everyone else …

Ark. Workers’ Comp Costs Decline

Arkansas Insurance Commissioner Mike Pickens reported a 4.5 percent loss decrease in the state’s workers’ compensation voluntary insurance market. Workers’ comp costs have declined for eight straight years now. Over the past seven years, loss costs dropped 44.5 percent. The …

Insurers & Contractors Trying to Nail DownProper Coverage

If you’re placing coverage for contractors, there are three factors that determine what obstacles you will encounter: location, location, location. The real question is whether it will stay that way or whether contractors will find themselves wrestling with coverage problems …

Fake Stucco Trouble: EIFS Related Claims Constrict CGL Markets

Mold may be getting all the attention at the moment as a major threat to insurers, at least in Texas and California, but another problem has wreaked havoc for homeowners, carriers, and contractors nationwide for several years, now: damages stemming …