Property and Casualty Insurance in North Texas
In the Oil and Gas industry, Master Service Agreements (MSAs), establish a contractual relationship to govern ongoing work during exploration, drilling, production and service without having to renegotiate terms and conditions multiple times. This is important because, in most Oil and Gas operations, there are multiple employers, many workers, Continue Reading …
Industry: Telecommunications Software Compnay Exposure: Revenue: $100,000,000 Coverage Benefit: Removed exclusions form Directors and Officers, added international coverage,removed limitation & warranties from professional & general liability policy. Savings: $120,000 Insurance Problem Our proprietary review process revealed that this Continue Reading …
Industry: Real Estate Exposure: $25,000,000 Coverage Benefit: Reduced Property and GL Rates, Moved to One Expiration Date, Met Major Lenders Requirements Savings: 30% Insurance Problem A large real estate owner had a property schedule for which they insured each location separately, with different companies and on different effective Continue Reading …
Industry: Commercial General Contractor Coverage Benefit: Added Crime, Professional and Other Coverages Savings: 43% or $35,000 Insurance Problem This general contractor had been working with an agent who considered himself an "Industry specialist." However, the contractor's current policies had serious omissions, leading the contractor Continue Reading …
The HMO under a mid-size college’s health plan denied payment of health costs for an employee who was hospitalized following an accident. The HMO claimed that the employee never notified the HMO of her hospitalization, as required under the health plan. In fact, the employee had called her employer’s plan administrator, who advised her that Continue Reading …
A student signed out a university van for travel to a sporting event. The student lost control of the 15-passenger van, which caused it to roll over, resulting in multiple injuries to the passengers. The parents of the injured students sued the university for negligently allowing the student behind the wheel without proper training to operate a Continue Reading …
Industry: Landscaping Exposure: $10 million Coverage Benefit: Added Herbicide and Pesticide Coverage and Changed Equipment Actual Cash Value to Replacement Cost Savings: $58,000 or 52% Insurance Problem A local landscaping company that has been in business for over a decade had been insured by an agent with a special landscaping Continue Reading …
An offsite transformer was struck by lightning. The resulting power surge damaged sensitive EDP property, laboratory equipment and cultures stored in the laboratory refrigerator. Total Cost: $110,000. Continue Reading …
Eight banking web sites in the United States, Canada, Great Britain and Thailand were attacked. The hackers then claimed to have 23,000 credit card numbers and threaten to post them online unless the banks agree to pay them $1 million. News of this quickly became public, and now the banks also needed to restore customer confidence. Cost: Continue Reading …