Transocean Ltd. has filed a petition under the federal Limitation of Shipowner's Liability Act of 1851 to limit its liability for the Deepwater Horizon oil rig explosion to less than $26.8 million.
Transocean Ltd. has filed a petition under the federal Limitation of Shipowner's Liability Act of 1851 to limit its liability for the Deepwater Horizon oil rig explosion to less than $26.8 million.
Medical marijuana dispensers and growers can now buy insurance against claims of selling illness inducing product and other risks, a marijuana retailing school and an insurer have announced.
The sale of professional liability insurance has increased dramatically in recent years. Up to 500 percent at some agencies, members of an agency cluster said.
It's in every agent and broker's best interest to learn about the nuances of green coverage and act as an advisor to their clients--because if you don't, your competitor will.
A meeting of New York legislators and insurance industry groups led to no solution of coastal property owners' insurance issues, but may have underscored divisions between agents and insurers, said persons attending the meeting.
The city of Nashville expects damage from flooding that began as a result of more than 13 inches of rain to surpass the billion-dollar mark, despite the fact that assessments are still taking place.
Joseph Peloso, a veteran of the program business segment, remembers a time when unsolicited program proposals flooded the desks of property and casualty underwriters, offering more business than they could possibly handle.
Insured losses from the Deepwater Horizon Drilling Platform explosion will likely total about around $1.4 billion, but are not expected to significantly impact this niche marketplace or buying behaviors.