The United States Court of Appeals for the Fifth Circuit in New Orleans affirmed Feb. 16 the Texas Supreme Court’s decision on policy language finding that underwriters at Lloyd’s are not obligated to compensate a gold coin and precious metal dealer for the theft of...
The Texas Windstorm Insurance Association took the advice of Rep. Mayes Middleton, R-Galveston, now Senator-elect for District 11, when it included in its Feb. 22 board meeting agenda an item to retire the 2014 public bonds. The board approved early redemption of...
Brokers, insurers, insurance service providers and agents donned masks, mostly not Covid masks, to attend Houston Insurance Day, sponsored by the Independent Insurance Agents of Houston, at the Marriott Westchase on Feb. 23. Instead of N95 masks, there were purple,...
In the first two months of 2022, 36 brokers were hit with fines from the Texas Department of Insurance for failing to timely file surplus lines policies and related documents. Altogether the fines reached $303,876. All of the delinquent filings occurred in 2020. Some...
Cyber premium prices climbed by 34.3 percent in the fourth quarter of 2021, according to results from The Council’s Commercial Property Casualty Market index. The fourth quarter marked the 17th consecutive quarter of premium increases, with the average premiums across...
Fighting insurance fraud is getting harder. While the world was distracted by on-again, off-again rules of pandemic life, courts and state legislatures across the U.S. were finding new ways to influence the insurance claim process that may speed claims payments but...
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