This month marks the 50th anniversary of the founding of E.G. Bowman Company, Inc. by Ernesta G. Procope, who set up her storefront insurance agency in Brooklyn’s Bedford-Stuyvesant neighborhood in 1953. The company’s announcement marking the event noted that “the …
New Hampshire Insurance Department Commissioner Paula Rogers, the keynote speaker at the Professional Insurance Agents of New Hampshire Inc.’s annual conference held at the Marriott Courtyard and Grappone Conference Center, Concord, N.H. on Wednesday, May 21, told more than 100 …
The Louisiana House and Governmental Affairs Committee approved House Bill 1318, legislation that would allow the governor to appoint the state’s insurance commissioner beginning in 2008. According to the New Orleans-Times Picayune the bill by Rep. Tony Perkins, R-Pride, was …
Texas insurance companies have paid out just under $4 billion for mold claims in the past three years. According to the Insurance Council of Texas, an insurance trade association, mold claims have represented a larger monetary loss for insurers than …
The U.S. government raised its terror alert status to the second-highest level last week due to the renewed risk of attack in the United States. As a result, the warnings have raised the concerns of business owners and risk managers …
Senate Judiciary Committee Chairman Orrin Hatch (R-Utah) introduced asbestos litigation reform legislation last week that is reportedly intended to create a fair and efficient system to resolve claims of victims for bodily injury caused by asbestos exposure. “The National Association …
East Lansing, Mich.-based American Physicians Capital Inc. announced that it completed its second trust preferred pooled transaction this month, raising an additional $15 million at the holding company. The securities, which are classified as long-term debt, have a floating rate …
Cincinnati Financial Corp. announced that the executive committee of its board of directors has declared a 25 cents per share regular quarterly dividend payable July 15, 2003, to shareholders of record on June 25, 2003. The indicated annual dividend is …
In the final hours of the 2003 Missouri legislative session lawmakers pushed through a tort reform bill designed to overturn the effects of a devastating court case that is largely responsible for sharp increases in medical liability rates in the …
The Michigan Legislature has passed a bill limiting insurer exposure under the Standard Fire Policy Act and sent it to the governor, whose signature is urged, according to the Alliance of American Insurers. Under the bill, HB 4432, commercial property/casualty …
