Richard ‘Dickie’ Scruggs, the attorney who represents thousands of Mississippi policyholders and has filed suit to obtain payment for flood damages from their insurance carriers, maintains that homeowners insurance claims are legitimate because damages were caused by a storm surge. …
The controversy over litigation and outstanding unpaid wind vs. flood claims and what could result in the marketplace if Mississippi Attorney General James Hood and attorney Richard ‘Dickie’ Scruggs are successful in their lawsuits will be discussed by Bill Bailey, …
Swiss Re announced the results of a survey of top business leaders, conducted in December 2005, at the World Economic Forum’s Annual Meeting in Davos, Switzerland, which opened today. “The study found that, while risk assessment is becoming a more …
Standard & Poor’s Ratings Services announced that it has assigned its “BB+” preferred stock rating to the Bermuda-based Arch Capital Group Ltd.’s $100 million issuance of Class A, noncumulative preferred shares. Fitch Ratings assigned its “BBB-” rating to the issue, …
The San Antonio Insurance Trade Fair, sponsored by the Independent Insurance Agents of San Antonio will be held Mar. 2, 2006, at the Norris Crossroads Convention Center, 4522 Fredericksburg Road, San Antonio. Agency principals, producers, CSRs, underwriters, company representatives, adjusters, …
As the trend of customizing mobile electronics in vehicles reportedly grows (i.e. -speakers, amplifiers, video screens, navigation systems), so does the number of claims. In 2004, an estimated 400,000 claims involving mobile electronics were filed. To help expedite claims such …
Southern California residents awoke Tuesday morning to continued high winds, leaving officials worried about more fires breaking out. The Santa Ana winds, which began over the weekend, contributed to several fires, downed power lines and overturned vehicles. A wildfire aided …
A Gloucester, Massachusetts man has been sentenced to jail for committing perjury in relation to a workers’ compensation scheme, Attorney General Tom Reilly announced. Timothy Hayes, 39, pleaded guilty this month to one count each of perjury and workers’ compensation …
Four people were killed Tuesday morning when a small airplane skidded off the end of the runway at the McClellan-Palomar Airport near San Diego. The plane took off in Hailey, Idaho, near Sun Valley, and crashed around 6:40 a.m. when …
Although the overall commercial property/casualty marketplace has seen little impact from the severe 2005 hurricane season, coastal property is experiencing a sharp increase in prices for wind and flood coverage, according to the latest Commercial Insurance Market Index Survey by …