Homeowner Claims News

PIA National Offers Agents’ E&O Coverage Through Lloyd’s

The National Association of Professional Insurance Agents (PIA) has a new market for insurance agents’ Errors and Omissions (E&O) insurance through Lloyd’s, London – utilizing Lighthouse Underwriters, LLC (a member company of U.S. Risk Insurance Group, Inc.) as the preferred …

In Miss., Dale Urges Mediation to Settle Remaining Katrina Claims

Mississippi Insurance Commissioner George Dale has pledged that the Mississippi Insurance Department will continue to dedicate itself to getting as many Hurricane Katrina claims paid as possible. Citing a report from the industry’s Insurance Information Institute that 94.3 percent of …

Darwin Web Site Educates Brokers on Technology Liabilities

Farmington, Conn.-based Darwin Professional Underwriters, Inc. has debuted its new web site, http://www.tech-404.com/, dedicated to educating agents, brokers, and commercial insurance purchasers about the inherent technology and information liabilities facing traditional businesses, including cyber liability, Internet liability, and technology errors …

Trial Attorneys Claim Insurers Putting Profits Over People in Katrina’s Wake

One year after Hurricane Katrina swept across the Gulf Coast, the Academy of Florida Trial Lawyers (AFTL) and the Association of Trial Lawyers of America (ATLA) are launching a national petition drive calling on insurance companies to put policyholders over …

State Farm Trying to Improve its Image After Hurricane Katrina

Representatives of State Farm Insurance Co. are on a media tour in Mississippi to give a more positive image to the company as it and others in the industry fend off lawsuits filed in the aftermath of Hurricane Katrina. Mike …

London American Professional Liability, LLC introduces a new Errors and Omissions Program

Fort Lee, New Jersey – London American Professional Liability, LLC (LAPL) a Program Administrator and MGA, introduces a new program for Independent Property & Casualty Insurance Agents Errors and Omissions. The program will be offered on a nationwide basis and …

Suit Against La.’s Last-Resort Plan Becomes Class Action

A lawsuit alleging that Louisiana’s insurance plan of last resort failed to pay homeowner claims following hurricanes Katrina and Rita has been granted class-action status. State District Judge Henry Sullivan took the action on the suit, which alleges that Louisiana …

Oregon Orders Company to Stop Selling Insurance Without a License

Oregon’s Department of Consumer and Business Services (DCBS) has ordered a Connecticut company to stop selling insurance in Oregon without a license. Golf Marketing Worldwide LLC, on its Web site, offers “hole-in-one” insurance for golf tournaments and related events. An …

Citizens’ Reps Appeal to Florida Agents for Help, Cooperation

Citizens Property Insurance Co. officials recently told agents meeting in Orlando that Florida’s insurer of last resort is “as ready as they are going to be,” to face the 2006 hurricane season. Paul Palumbo, Citizens head actuary, appealed to independent …

Tenn. Tornado Claims Exceed $452M

Insurance claims from the April tornadoes in Tennessee have climbed to $452 million, and some homeowners and business owners say their efforts to rebuild are being slowed by settlement delays and swamped contractors. Tornadoes and severe storms April 2 and …