According to a recent study, UK automobile insurance rates are flattening out after three years of big premium increases. The report, compiled by market analyst Datamonitor, found that rates had increased 53 percent on average over the last three years …
Ahh, summer—vacations to the coast or the mountains, cruises to Alaska, treks to far-off, exotic lands. Even if you’re not treating yourself or your family to a once-in-a-lifetime vacation this year, some of your insureds may be. And now is …
For U.S. insurers, reinsurers, and property professionals still reeling from the $32 million a Texas jury awarded Melinda Ballard in her toxic mold lawsuit against Farmers Insurance last year and the $18.5 million a California jury awarded Thomas Anderson in …
Like most insurance companies, the soft market took its toll on Safeco. While the property and casualty side of the business continued to suffer losses that resembled the gross national product of some Latin American countries, the board of directors …
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 …
Nuts & Bolts: Lemac & Associates is writing property, general liability and non- owned auto for habitation risks through a new apartment package program. Eligible risks include apartment buildings (risks with mercantile exposures are okay) and garden apartments. Unacceptable risks …
According to the Insurance Services Office (ISO), U.S. insurers will pay out $700 million for damage from storms that wrecked havoc through 17 states at the end of April. The losses are the largest to hit the country since Tropical …
Nuts & Bolts: Cascade/Amstar has available a program for hard to place products liability. Worldwide coverage; design E&O available as add-on or stand alone; three-year occurrence conversion policy available. Program particularly suited for smaller, start up companies, biotech, pharmaceutical companies, …
The 2002 ACORD Conference “Real World Solutions” wrapped up with a host of companies and individuals taking home awards for their performances over the last year in the industry. Among the winners were: (Business Automation Improvement Award): Acuity, AIG, Aon, …
Upon his retirement as the executive director of the Independent Insurance Agents of Texas later this summer, Ernie Stromberger has no intention of resting long enough to gather any moss. Instead, travel, time with family and hobbies, and even work …
