To experience firsthand how the insurance industry is responding to the tornado that took out a large swath of Joplin, Mo. on May 22, I “embedded” on June 7 with State Farm Insurance, meeting with a local agent, two catastrophe claims representatives and an auto-lines specialist.
Last week, I had the opportunity to spend a day in Joplin, Mo., with members of the State Farm team—witnessing the company’s concerted response to the devastating tornado that ripped through the city, leaving more than 140 dead and 1,000 injured (see my Reporter’s Notebook on page 6).
As a result of the ongoing soft market, a “who blinks first” environment pervaded Jan. 1, 2011 reinsurance renewals, with buyers holding out…
Plaintiffs' attorneys are stepping up their attack on medical liability tort reforms in several states and having success with the rollback of legislation in Illinois and Georgia, overturning caps on noneconomic damages, or pain and suffering.
Claims never seem to be routine when animals are involved. As insurance professionals told us, animals complicate matters by chewing, devouring, stomping, or even just lying motionless.
H.W. Kaufman Financial Group, a privately held group that includes wholesale broker Burns & Wilcox, acquired US-Reports, a Colorado-based loss control inspection, premium audit and risk management services firm.