AIR Worldwide Corporation conducted an analysis of the potential impact on insurers of the Terrorism Risk Insurance Extension Act of 2005. The Act was signed into law last week and extends the Terrorism Risk Insurance Act of 2002 (TRIA) through …
A rural south Alabama county has boosted its insurance coverage to cover any attack by a foreign-based terrorist group after a discussion over such an unlikely event. The Clarke County Commission approved the $7,000 annual premium for the insurance that …
The president of a small North Carolina insurance agency accused of shooting his two partners was upset because they wanted to sell the business, authorities said. James T. Tedesco, 37, has been charged with two counts of attempted first-degree murder …
Pacific Wholesale Insurance Brokers, part of Insurance Specialty Group, announced it has opened a branch office in San Antonio, Texas. Staffing the new office are Candace Duke, vice president and branch manager, Kenneth Duke, assistant vice president, and Garnet Blakeman, …
The State Fire Marshal is urging Texans to make any celebration that includes the use of fireworks this weekend, a safe one. Extreme drought conditions over much of Texas along with high winds and low humidity has put property and …
At least three people in Texas and one in Oklahoma have died as the result of wildfires that have plagued the two rain-starved states in recent days. The Dallas Morning News reported that a body of a man was found …
Insurers can continue to use Insurance Services Office’s portfolio of terrorism insurance endorsements and related rules without any revisions under the Terrorism Risk Insurance Extension Act of 2005, signed into law by President Bush. Congress enacted the Terrorism Risk Insurance …
Birmingham, Ala.-based Vesta Insurance Group Inc.’s common stock — ticker symbol VTA — will be suspended from trading on the New York Stock Exchange beginning with the opening of business on Jan. 5, 2006, the company said. Vesta reported that …
Hub International Limited reported the acquisition of the assets of Employee Benefit Specialists Inc. (EBS), an employee benefits brokerage serving the state of Colorado. The acquired business, based in Denver, will become part of Hub International Southwest (HUB Southwest), and …
In a year that will go down as the costliest ever for the insurance industry, it seems paradoxical that Munich Re, the world’s largest reinsurer – at least until Swiss Re completes its takeover of GE Insurance Solutions – should …
