Floridians could buy flashlights, tarps, radios, batteries, generators and other hurricane necessities tax free the week before the storm season starts under a bill approved Wednesday by a Senate committee. The measure (SB 24) exempts the items from the state’s …
Zurich Financial Services has released an interview with the Group’s CEO, James Schiro, to coincide with the ongoing conference of international business leaders, being held in the Swiss resort of Davos. Schiro, an American, who is widely credited with turning …
“Catastrophe models are useful, but have their limits,” says a comment on the Lloyd’s Web site (www.lloyds.com). “That is the lesson learnt by the insurance industry following last year’s devastating hurricane season.” Lloyd’s observed, as have many others in the …
In a speech to the Insurance Institute of London yesterday, Jan. 25, Alex Letts, the Chief Executive of RI3K Ltd. – the London-based provider of platform technology infrastructure for the reinsurance industry, analyzed problems facing the London Market and maintained …
Eureko, the European insurance consortium, announced that it has reached agreement to acquire an additional 4.33 percent of shares in Polish insurer Powszechny Zaklad Ubezpieczen (PZU) from Manchester Securities Corporation. Eureko said it “has already completed purchase of a first …
Santa Ana winds packing gusts near 70 miles per hour swept through Southern California for a third day Tuesday, fanning brush fires, knocking over big rigs and causing blackouts for thousands of utility customers. Much of Southern California was under …
Colorado drivers could be asked to pay about $10 extra on their annual car registration renewals in order to subsidize ambulance services under a proposed change to the state’s new car insurance system. First responders and hospitals say they’ve been …
Expansion of a program that subsidizes employer health care costs is on Oklahoma Senate Democrats’ small business agenda for the upcoming legislative session. The Legislature last year enacted Gov. Brad Henry’s plan to help pay for the health insurance costs …
The staff and operations of Lexington General Agency Inc. of Hammond, La., have moved into the offices of Burns & Wilcox of Baton Rouge, effective Jan. 20, 2006. Gary Batten, vice president and branch manager of Burns & Wilcox in …
National Advantage Insurance Services Inc., Tustin, Calif., has added a new program for truckers general liability in Arizona, California, Oregon and Nevada. The program is underwritten by an A.M. Best non-admitted carrier rated “A” XV. Primary limits on CSL is …
