Swiss Re’s latest sigma report examines the natural catastrophes and man-made disasters of 2005. Among other findings it notes that “more than 97 000 people lost their lives” as a result of one of the “almost 400 catastrophes, which caused …
Officials aren’t sure whether Oklahoma taxpayers will have to pay for uninsured weapons that are missing from a famous state gun museum. The J.M. Davis Arms & Historical Museum is covered by insurance but the gun collection is not. “I …
Stone Oak Underwriters, LLC, of San Antonio, Texas, announced it has entered into a program administrators agreement with Berkley Underwriting Partners LLC, to provide public officials E&O, EPLI and law enforcement liability coverage for public entities through independent insurance agents. …
Sound, up to date and successful building codes are essential for construction, but codes must also be enforced and continuously updated to effectively contribute to disaster mitigation, according to Leonard C. Brevik, executive vice president and CEO of the National …
The latest proposal of the National Association of Insurance Commissioners Catastrophe Insurance Working Group will garner much attention as will the effort to draft the Insurers Receivership Model Act at the March 4 to 7 NAIC Spring Meeting in Orlando, …
The AIG Companies have formed AIG Specialty Excess, an umbrella and excess casualty underwriting unit that the company says will concentrate on insuring specialty and difficult-to-place classes of business including construction, transportation, public entities and educational institutions. Effective May 15, …
A Chipley, Fla. woman has been arrested and charged with organized fraud for allegedly steering patients away from a hospital physical therapy center and improperly billing insurance companies. Lorrie Ann Laurel, 40, turned herself in at the Holmes County Jail …
A Broward County, Fla. woman, who attempted to collect twice on her hurricane claim, has been arrested following an investigation by detectives with the Florida Department of Financial Services’ Division of Insurance Fraud. Indrani B. Horton, 34, of Margate, was …
A helicopter crashed into a wash in a remote area near a highway near Santa Clarita, Calif., killing a student and injuring the flight instructor on board, authorities said. The crash occurred shortly after 2:20 p.m. near Highway 126, about …
The Independent Insurance Agents of Georgia are keeping track of a number of issues now before the Georgia Legislature. A proposal by Insurance Commissioner John Oxendine to reduce the state’s premium tax has been introduced by Rep. Earl Ehrhart (Powder …
