Almost half a million insurance claims have been submitted by policy-holders whose property was damaged by Hurricane Katrina in Mississippi, Alabama and Louisiana, according to George Dale, Mississippi Insurance Commissioner. “The insurance industry has just been overwhelmed by this storm,” …
Beazley, an insurer of specialty coverages, is offering a new employment practices liability (EPL) policy to U.S. clients with up to 10,000 employees. Through its managed Lloyd’s syndicates, Beazley has a history of writing EPL insurance on a surplus lines …
The national news media was recently captivated by the staggering multi-million dollar verdict reached by a Texas jury regarding the alleged connection between the use of Vioxx® and the death of an individual. By way of history, Merck & Co., …
While Washington homeowners are gearing up for end-of-summer seasonal maintenance, a recent PEMCO Insurance poll shows that four in 10 homeowners fail to perform a simple task to prevent an occurrence that accounts for a large proportion of homeowner claims. …
Fireman’s Fund Insurance Company has introduced a new crisis management coverage that pays for professional public relations counsel to help businesses overcome disaster and preserve their reputation as well as for expenses required to get back to normal operations as …
As homeowners jam Florida stores to take advantage of the state’s tax-free sales tax holiday and other stores announce “matching” programs to provide additional discounts, professional insurance associations and agencies polled for an article in the June 6 issue of …
The California Department of Insurance Investigations Division announced that insurance broker Sajjad Hussain Shaikh, 36, also known as Adam Shaikh, of Reseda, California has pled guilty to one count of forgery. Shaikh was sentenced to three years of Summary Probation …
Texas House Bill 2155 and Senate Bill 236 were recently debated before each Chamber’s respective committee. This critical legislation, sponsored by the Independent Insurance Agents of Texas, merits broad support, as it would address the inequities insurance agents face in …
Zurich announced the launch of a new, specialized Hospitality/Leisure Industries Coverage Endorsement aimed at combining coverages for limited-service, full-service and resort companies in the hospitality and leisure industries. Zurich is a major writer of hospitality business in the U.S. This …
National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group Inc. (AIG), announced the launch of PrivateRisk Protector, a new management and professional liability portfolio of coverages designed to address the broad spectrum of exposures …