Michael G. Koziol, senior counsel and a director of the National Association of Independent Insurers (NAII), recently addressed a letter to the Pennsylvania Senate’s Banking and Insurance Committee, urging members to take action to remove “restrictive provisions” on surplus lines …
“Terrorism isn’t just simply killing people or injuring people… it’s creating chaos,” said Bob Captain of Barney & Barney. Captain discussed terrorism and how it has and will continue to affect the insurance industry at the 2002 San Diego “I” …
A lawsuit filed by Four Times Square Associates challenging its lenders’ demand that it pay a tenfold increase in insurance premiums to provide terrorist coverage on a “trophy building” in Times Square, which is home to the NASDAQ stock exchange, …
By and large, camp insurance is following most commercial insurance in that it is more expensive,” according to Ron Norton, a sales executive with Indiana-based K&K Insurance. While prices generally have been on the rise, it has not stopped K&K …
Capital fuels the insurance industry. It constitutes the reserves, pays the claims and provides the investment funds necessary to make a profit (excepting an aberration like 2001). However, the total amount of capital invested at anytime constantly changes—sometimes there’s too …
The Independent Insurance Agents of Texas’ annual convention will be held June 13-14 at the Westin Galleria Hotel in Houston. IIAT promises a jam-packed two days of continuing education workshops, one-on-one consultation sessions, a huge trade show and the ever-popular …
Outside of credit-based insurance scoring, which was the subject of extensive negotiations, the state legislative session that concluded last week passed few matters of concern to the insurance industry, according to the National Association of Independent Insurers (NAII). “While we …
For the past year, while the Texas homeowners insurance market reeled from the effects of mold claims on premium (and still does), homeowners markets in other states have begun bracing themselves for similar nightmare scenarios. But considered from a wider …
Capital fuels the insurance industry. It constitutes the reserves, pays the claims, and provides the investment funds necessary to make a profit (excepting an aberration like 2001). If the industry were a car or an airplane just the right amount …
Although the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs, according to analysts from Standard & Poor’s. Over the …
