Homeowner Claims News

N.Y. Agents Take E&O Concerns Over Contractor Certificates to Officials

New York insurance agents face potential errors and omissions claims if they follow a New York City requirement on certificates of insurance for road contractors, an agents group has warned. The New York City Department of Transportation requires contractors applying …

N.H. Agents Plan Education Conference; Commissioner to Speak

The Professional Insurance Agents of New Hampshire Inc.’s 2006 Annual Conference will be held Wednesday, May 24, 2006, at the Marriott Courtyard and Grappone Conference Center, Concord, N.H. More than 100 insurance agents and other industry professionals are expected to …

JLT Expands Lloyd’s Security/Privacy; Adds U.S. E&O Tech Coverage

JLT Risk Solutions Ltd;, part of London-based global broker Jardine Lloyd Thompson Group plc, announced a significantly expanded insurance program within the Lloyd’s of London market “to provide security and privacy liability protection for two of the most heavily regulated …

Survey Finds Private Companies Acting More Like Public Companies; At Increased Risk of a Liability Lawsuit

“Many private companies are planning activities that may increase their exposure to management liability risks,” said Lisa McGee, vice president, Chubb & Son, during the Inc. 500 Conference. According to the 2005 Chubb Private Company Risk Survey, 67 percent of …

Wildfires Rage in Texas and Oklahoma; At Least 4 People Killed in Blazes

At least three people in Texas and one in Oklahoma have died as the result of wildfires that have plagued the two rain-starved states in recent days. The Dallas Morning News reported that a body of a man was found …

Guy Carpenter Releases 2005 England, Wales Liability Market Update

Guy Carpenter & Company Ltd. reported the release of a new report, A Year in Review – 2005 Update: Issues and Trends Affecting the Liability Market in England and Wales. The in-depth review is conducted annually to help put key …

Brokers in Pursuit of Professional Liability Coverage

It happens quite often. An insured is sued and a question is raised as to whether there is insurance coverage for the claim. The insured states that “it thought it had coverage,” and if it does not have coverage, “it …

Former Calif. Broker Nabbed on Grand Theft Charges

A former Beverly Hills insurance broker has been arrested and charged with one count of grand theft after an investigation by the California Department of Insurance (CDI) Investigation Division. CDI Investigators arrested Gregory Starrett Williams, 53, last Wednesday. If convicted, …

AAA Responds to Hurricane Tragedy with Program to Manage Disputes

In response to the twin catastrophes of Hurricanes Katrina and Rita, the American Arbitration Association (AAA), a provider of conflict management and dispute resolution services, has established a new Disaster Recovery Claims Resolution Services program to use mediation to resolve …

Insurance Buy-In-Act Could Help Solve Miss. Hurricane Rita Flood Insurance Claims

Mississippi policyholders facing unpaid homeowners insurance claims because they did not have flood coverage could be bailed out by the U.S. Financial Services Committee’s Hurricane Rita Flood Insurance Buy-In-Act. The act would make it possible for property owners who did …