coverage News

W.R. Berkley Forms Technology Operating Unit, Appoints President

Berkley Technology Underwriters, LLC will offer coverage worldwide to the technology marketplace, including property, casualty and professional liability on both an admitted and non-admitted basis, announced W. R. Berkley Corporation. Matthew A. Mueller has been named president of Berkley Technology …

New Zealand Quakes Drive Insurance Market Changes

A string of earthquakes in New Zealand is sending tremors through the global insurance market with some companies delaying underwriting policies and others turning to capital markets to offset the risk of pile-on damage and costly claims. “Although there has …

Michigan Appeals Court Says Joyrider has Insurance

A western Michigan man excluded from his wife’s insurance policy still is eligible for benefits in a drunken crash, thanks to a line of court decisions that covers joyriders from the same family. The state appeals court on Wednesday reluctantly …

Florida Judge: Insurance Should Cover Chinese Drywall Case

A Florida judge has ruled that a couple’s damage from tainted Chinese drywall is covered by their homeowner insurance policy. Hillsborough County Circuit Judge Robert Foster this week said he found no exclusion in the Springfield, Ill.-based Teachers Insurance Co. …

Insurance Problem Disrupts Oregon Charter School

After staying home Monday and Tuesday, students at Trillium Charter School in Portland are returning to class. The Oregonian reports the K-12 school with 360 students had to cancel two days this week because insurers dropped property, liability and workers’ …

Wisconsin Governor Signs Car Insurance Regulation Bill

Governor Scott Walker signed into law Tuesday a bill designed to lower car insurance rates by undoing higher coverage requirements approved by Democrats less than two years ago. Republicans successfully used the car insurance issue on the campaign trail last …