New York Superintendent of Insurance Gregory Serio is stepping down and Gov. George Pataki will nominate Howard Mills, former Republican assemblyman from Orange County who lost the recent race for U.S. Senate against incumbent Sen. Charles Schumer (D), to be …
The Kentucky Insurance Commission estimates damages of from $400,000 to $500,000 in losses due to last week’s winter storms and warmer temperatures this week. An unusual amount of snow and ice, high winds and inclement weather encountered last week in …
The deadline for anyone who suffered losses from hurricanes Charley, Frances, Ivan or Jeanne to apply for assistance has been extended by the Federal Emergency Management Agency (FEMA) to Feb. 28. A U.S. Small Business Administration (SBA) spokesman said it …
The Property Casualty Insurers Association of America has released a statement, indicating that the action of regulators to delay consideration of one critical section of the proposed amendment to its Producer Licensing Model Act was “a step in the right …
Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on Best Meridian Insurance Co. (BMI) and its subsidiary, Best Meridian International Insurance Co. (collectively referred to as the group) to “BB+” from …
Swiss Re has released a statement indicating that it expects its claims for the tsunamis in the Indian Ocean to be below CHF 100 million ($88.5 million). “On 26 December 2004 near the North of Indonesia, an earthquake with a …
As the scope of the disaster that struck 11 countries in the Indian Ocean continues to emerge, the world’s nations are beginning to gear up for what will undoubtedly be the largest collective relief effort ever mounted. The precise death …
Those without insurance whose homes were damaged in the Nov. 23 tornado that ripped through Holum and Olla, Louisiana are still waiting to hear if they can expect any help from the Federal Emergency Management Agency. Harris Brown lost his …
The Schwarzenegger administration has released a sweeping set of regulations aimed at revising how doctors evaluate permanent injuries to workers and how much compensation they are paid. The new regulations, unveiled last week, are a key element of the landmark …
Californians this week are once again dealing with the effects of a fierce rainy season. No California county is immune from the risk of flooding. In the past 10 years alone, there have been three large-scale, widespread, Federally declared flood …
