"Problems associated with Chinese-made drywall are all over the news, and now I am reading that companies may not insure homes if the owners don't repair the drywall damage. Isn't that what insurance is for -- to take care of these type of problems?"
Although the weather has been blissfully non-eventful this hurricane season, the same cannot be said for the quagmire that is Florida's current property insurance market.
The overall health of the excess and surplus lines market could be viewed as a microcosm of the current national condition -- some good news, some bad news, some mixed news, and some lingering questions.
Insurance carriers and agents alike are feeling the pinch of the economic downturn. Every organization is looking for ways to do more with less, but we cannot lose sight of customer retention and the search for new business.
The National Association of Professional Insurance Agents said it named Jon D. Spalding president of the association during a recent meeting of its board of directors earlier this month.
A federal jury found the oil company had caused contamination with the gasoline additive methyl tertiary butyl ether or MTBE in six drinking water wells in the borough of Queens and awarded costs for removing MTBE from those locations.
A bill to strip medical malpractice and health insurers of their limited federal antitrust immunity passed a key House committee last week, although an amendment grants "safe harbors" for joint compilation of historic loss data.