The largest property insurer in the country and a pair of sisters accusing it of defrauding the federal government are set to square off in court after six years of legal wrangling.
Philadelphia Insurance Cos. believes it can provide better prices than the National Flood Insurance Program (NFIP) for some flood-related property risks.
Civil-trial attorney Stacy A. Carpenter, shareholder at Polsinelli Shugharts Denver office, provides some advice for insurance agencieswhich she says are facing an increasing number of lawsuits as they get dragged into policyholder coverage disputes with insurance carriers.
Less than a month into Lance J. Ewings job as a risk manager for Harrahs Entertainment, Hurricane Katrina caused about $1.6 billion in damage to the companys Gulf Coast casinos.
Standard carriers that looked where they normally wouldnt for premium during the soft market are throwing the risk back into the ring for excess carriers.