Insurers cover boaters’ oil damage but urging them to steer clear
Schubert’s Marine at the Municipal Yacht Harbor has been fielding calls from people who are concerned with the conditions in Lake Pontchartrain. “We get calls here asking if we got oil in the lake,”...
View ArticleLeaner work force cuts into Amerisafe’s bottom line
Amerisafe has been struggling with lower premium revenues as its client companies reduce work forces, meaning less need for the workers’ compensation coverage it provides.
View ArticleInsurance pros say it’s best not to count on business interruption coverage
It pretty much takes damage from a direct hit from a disaster for a claim to be honored, unless the insured has very deep pockets.
View ArticleSensible cars, good grades bring down teen auto insurace costs
The basic rules for having less expensive insurance with teen drivers seem simple: Don’t let him or her joyride with a carful of loud friends, don’t give your teen driver a brand new Mercedes and try...
View ArticleState looking at lowering jury trial threshold as insurance rates soar
The Louisiana Property and Casualty Insurance Commission voted last month to lower the state’s jury trial threshold from $50,000 to $10,000. The commission’s vote means it recommends the threshold be...
View ArticleInsurance, real estate industries hopeful for long-term extension of flood...
The National Flood Insurance Program, the federally backed coverage mandated for some 5.6 million properties owners nationwide, could see a long-term extension from Congress after nearly a decade of...
View ArticleCompanies consider cyber-insurance for attacks
Cyber insurance has been around since the 1990s but has grown over the last 10 years.
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