Belfor, a provider in integrated disaster recovery and restoration services, announced the opening of an office in Phoenix. Belfor offers 24/7 emergency response; structural dehumidification; mold remediation; document and electronics restoration; machinery refurbishment; vital records recovery. The new Arizona office …
A proposal by Senate Commerce Committee Chairman Fritz Hollings (D-S.C.) to repeal the McCarran-Ferguson antitrust exemption and create a new Federal Insurance Commission within the Commerce Department was strongly criticized by the National Association of Independent Insurers (NAII). “NAII views …
Standard & Poor’s commented on the members of the Royal SunAlliance USA group (RSA USA): Royal Insurance Co. of America, Royal Indemnity Co., Connecticut Indemnity Co., Security Insurance Co. of Hartford, American & Foreign Insurance Co., Guaranty National Insurance Co., …
Standard & Poor’s Ratings Services said it revised its outlook on Italy-based marine insurer UMS Generali Marine SpA (UMS) to positive from stable. At the same time, S&P affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on …
The cost of household water damage in California continues to grow at an alarming rate, while the volume of insurance claims being filed for water damage is climbing modestly, a new study has found. Remediation and construction costs are largely …
New York State Insurance Superintendent Gregory Serio reportedly rejected this years’ filing by the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance overall rate increase of 11 percent. The Department determined that the increase requested is …
A Los Angeles insurance broker has been charged with four felony counts of grand theft for allegedly stealing an estimated $14,000 in premiums from his clients, according to investigators with the California Department of Insurance (CDI). Jung Wo Kim, 37, …
Key Florida House and Senate leaders met into the evening Tuesday trying to agree on a non-economic damages cap and other major issues standing in the way of final legislative approval of a package to fix the state’s medical malpractice …
Chicago-based Aon Corp. licensed the rights to the Center for Aggression Management, and hired Dr. John D. Byrnes, the center’s founder and director, as a full-time consultant. The Center for Aggression Management, an organization dedicated to proactively identifying, measuring and …
Illinois surplus lines carriers are protesting a retroactive tax hike that was enacted to help address the state’s budget deficit, according to Springfield’s State Journal-Register. The surplus lines producer tax was raised to 3.5 percent from 3 percent, retroactive to …
