Homeowner Claims News

Miss. Attorney Asks Judge to Dismiss Katrina-Related Contempt Case

Attorneys for Mississippi attorney Richard “Dickie” Scruggs asked a federal judge to dismiss criminal contempt charges that he ignored a court order to turn over documents about insurance claims after Hurricane Katrina. Scruggs is accused of violating a federal judge’s …

Arrowhead® Announces Its New Professional Liability Division

San Diego, CA – Arrowhead General Insurance Agency’s, Inc. new Professional Liability Division joins the company’s portfolio of nationwide products by offering Accountants Professional Liability, Insurance Agents Professional Liability and Miscellaneous Professional Liability. The programs were formerly affiliated with London …

Insurers Have Manageable Exposure to Subprime Turmoil

The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct ties to lenders, an …

Chubb Offers E&O Policy for Government Technology Contractors

The lack of familiarity with Federal Acquisition Regulations and government immunities can leave U.S. government contractors exposed to costly lawsuits from customers and business partners, says Chubb Group of Insurance Companies. Contractors working for the Department of Defense or on …

The Blame Game and the Subprime Mortgage Lending Meltdown

The subprime mortgage lending blame game is in full swing — with people arguing about who’s at fault for mortgage defaults, bond losses and lender failures — but “we’re only in the very top of the first inning,” when it …

Marsh UK Warns of Possible E&O, D&O Liabilities from Subprime Defaults

Marsh UK issued a warning to the European financial services sector, including insurance companies, hedge funds, banks and ratings agencies, that “they may be exposed to greater Directors’ and Officers’ Liability (D&O) and Errors and Omissions (E&O) Liability claims in …

Some Miss. Coast Homeowners Won’t Have to Repay Grant

Policyholders who settled Hurricane Katrina lawsuits confidentially with insurance companies can keep those payments, along with federal grants for structural damage other homeowners were ineligible to receive or must repay. A federal grant modification that created the situation has gone …

Other Mississippians Upset Because they Bothered ‘To Be Responsible’

Policyholders who settled Hurricane Katrina lawsuits confidentially with insurance companies can keep those payments, along with federal grants for structural damage other homeowners were ineligible to receive or must repay. A federal grant modification that created the situation has gone …

Guy Carp Issues UK Liability Survey

Guy Carpenter & Company, the global risk and reinsurance specialist of the Marsh & McLennan Companies, has published “A Year in Review – 2006 Update,” its fourth annual review of the liability market in England and Wales. The report provides …

Gramercy Insurance Company Selects NetRate Systems Rating System

To Improve Efficiency and Speed with Commercial Lines Quotes ATLANTA, GA and OKEMOS, MI – NetRate Systems, Inc., a leader in Property & Casualty Rating and Applications software, announces an agreement to provide a Commercial Lines Rating System for Gramercy …