Travelers Casualty Insurance Co. did not owe a duty to defend or indemnify its insured, CBIZ Borden-Perlman Insurance Agency, Inc., in a tort action in which Republic, as another insurer of B-P, bore the litigation and settlement costs, a federal …
Having lost two bids to recover $15 million from its insurer to cover costs related to its failed defense of its admissions policy, Harvard University is now looking to hold its insurance broker, Marsh, responsible. Harvard’s excess insurer Zurich American …
A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to defend an independent insurance agency against a lawsuit that accused it of failing …
As the COVID-19 pandemic has progressed over the past several months, participants in the insurance industry have recognized the likelihood of a resulting increase in claims volume. Much of the early focus has been on the ramifications to insurers that …
Maltman International Appoints New Executive General Adjuster Maltman International, a claims management provider based in Toronto, has appointed Brian McCulloch as executive general adjuster. McCulloch has been active in the Canadian market for 40 years, with experience on the carrier …
Chief executive officers with lower integrity cost their firms money, both in higher audit fees and poorer long-term performance, according to new research from a group of leading accounting professors, including University of Virginia School of Business Professor Shane Dikolli. …
The city of Niota, Tenn., is again without insurance and has shut down most city services. According to The Daily Post-Athenian, only a skeleton staff remains in the city of about 800 residents. Coverage through the Tennessee Municipal League lapsed …
Agents’ errors and omissions (E&O) policies provide protection for agents for certain negligent acts committed in their professional capacity but may exclude coverage for liability related to an insurer’s insolvency. These “insolvency exclusions” typically exclude coverage if the agent places …
Victor O. Schinnerer has created a new errors and omissions product for artisan contractors that includes coverage for faulty workmanship. “We want to offer our artisan contractor policyholders an insurance solution that speaks to their unique exposures. Many artisan contractors …
The economy has taken its toll on all businesses today and law firms are no exception. They have experienced downsizing, pressure to change specialties in order to compete for new business, and other cost cutting measures, according to industry insiders. …