Another Scruggs Case - WSJ.com: "Another Scruggs Case
January 15, 2008; Page A12
The Dickie Scruggs bribery case keeps getting curiouser, with yesterday's news that even the tort baron's former defense attorney has copped a federal plea.
Mr. Scruggs was indicted in November along with his son and three other lawyers for conspiring to bribe Mississippi Judge Henry Lackey. Two of the defendants have already pled guilty and are cooperating with the feds. And according to court papers released yesterday, Joey Langston, who had until recently represented Mr. Scruggs, has now pled guilty to conspiring with Mr. Scruggs in a scheme to influence a different judge in a separate case."
Tuesday, January 15, 2008
Monday, January 14, 2008
ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims
ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims: "ISO: Insurers to Pay $6.5 Billion in 2007 Catastrophe Claims
January 14, 2008
U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same period, according to preliminary analysis by ISO's Property Claim Services Unit."
January 14, 2008
U.S. property/casualty insurers are expected to pay homeowners and businesses $6.5 billion for 2007 property losses from 23 catastrophes — the eighth lowest cost in a decade and the seventh lowest frequency for the same period, according to preliminary analysis by ISO's Property Claim Services Unit."
Friday, January 11, 2008
West Storm Losses Could Reach $600 Million
West Storm Losses Could Reach $600 Million: "West Storm Losses Could Reach $600 Million
January 10, 2008
Catastrophe risk modeling firm Air Worldwide estimates insured losses from the recent west coast winter storm that occrred January 4-8 could reach as high as $600 million, with the vast majority of those losses in California. The estimate reflects losses to property, contents, and direct business interruption and additional living expenses for residential, mobile home, commercial, and auto exposures. They do not include crop losses."
January 10, 2008
Catastrophe risk modeling firm Air Worldwide estimates insured losses from the recent west coast winter storm that occrred January 4-8 could reach as high as $600 million, with the vast majority of those losses in California. The estimate reflects losses to property, contents, and direct business interruption and additional living expenses for residential, mobile home, commercial, and auto exposures. They do not include crop losses."
Thursday, January 10, 2008
Despite Higher Costs, Insurers Encourage 'Green' Rebuilding of Homes
Despite Higher Costs, Insurers Encourage 'Green' Rebuilding of Homes: "Despite Higher Costs, Insurers Encourage 'Green' Rebuilding of Homes
By Lauren Villagran
January 10, 2008
Sean Walsh returned to his mother's San Diego home after the October wildfires to find it charred to its foundation. He says he plans to help her rebuild the trilevel, five-bedroom abode — happily used to host 19 grandkids — exactly as it was, only greener.
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Two major insurers are launching 'green'' insurance programs that will let homeowners reconstruct their property with more environmentally friendly building materials, appliances and landscaping, even if it costs more than the replacement value stated in the policy."
By Lauren Villagran
January 10, 2008
Sean Walsh returned to his mother's San Diego home after the October wildfires to find it charred to its foundation. He says he plans to help her rebuild the trilevel, five-bedroom abode — happily used to host 19 grandkids — exactly as it was, only greener.
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Two major insurers are launching 'green'' insurance programs that will let homeowners reconstruct their property with more environmentally friendly building materials, appliances and landscaping, even if it costs more than the replacement value stated in the policy."
CRM News: Customer Retention: Insurers Spending Big to Hang On to Customers
CRM News: Customer Retention: Insurers Spending Big to Hang On to Customers: "Insurers Spending Big to Hang On to Customers
Avoiding policyholders' fury makes particular sense these days because even as industry profits remain healthy, property and casualty insurers in 2008 are expected to experience weak growth in premiums, or insurance prices, the Insurance Information Institute forecasts. Many agencies are pouring money into technology and training to improve customers' experiences."
Avoiding policyholders' fury makes particular sense these days because even as industry profits remain healthy, property and casualty insurers in 2008 are expected to experience weak growth in premiums, or insurance prices, the Insurance Information Institute forecasts. Many agencies are pouring money into technology and training to improve customers' experiences."
Wednesday, January 9, 2008
Nevada Allows Nonresident Adjusters to Assist with Storm Claims
Nevada Allows Nonresident Adjusters to Assist with Storm Claims: "Nevada Allows Nonresident Adjusters to Assist with Storm Claims
January 9, 2008
Due to the damages caused by the rain, heavy snow and high winds in the projected series of storms in northern Nevada last weekend, Commissioner of Insurance Alice A. Molasky-Arman has given temporary approval for nonresident insurance claims adjusters to adjust claims in the northern Nevada area for damage caused by the storms. This will assist insurance companies in expediting claims and assessing the amount of damages, she said."
January 9, 2008
Due to the damages caused by the rain, heavy snow and high winds in the projected series of storms in northern Nevada last weekend, Commissioner of Insurance Alice A. Molasky-Arman has given temporary approval for nonresident insurance claims adjusters to adjust claims in the northern Nevada area for damage caused by the storms. This will assist insurance companies in expediting claims and assessing the amount of damages, she said."
Tuesday, January 8, 2008
Residents, Industry Analysts Evaluating Western Storm Damage
Residents, Industry Analysts Evaluating Western Storm Damage: "Residents, Industry Analysts Evaluating Western Storm Damage
January 8, 2008
While it's too soon to tally insured loss estimates, Nevada residents who fled nearly 300 homes flooded when a canal's earthen bank collapsed are returning to their homes where they will face damage left by the wave of frigid water that surged through the town.
The northern Nevada desert town was hard-hit by a West Coast storm system that piled up to 11 feet of snow in the Sierra Nevada mountains and toppled nearly 500 miles of power lines in California over the weekend."
January 8, 2008
While it's too soon to tally insured loss estimates, Nevada residents who fled nearly 300 homes flooded when a canal's earthen bank collapsed are returning to their homes where they will face damage left by the wave of frigid water that surged through the town.
The northern Nevada desert town was hard-hit by a West Coast storm system that piled up to 11 feet of snow in the Sierra Nevada mountains and toppled nearly 500 miles of power lines in California over the weekend."
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