Louisiana Citizens Property Insurance Corp. will be allowed to offer policies that will help owners of storm-damaged homes maintain coverage while they make repairs. The Louisiana Insurance Rating Commission approved the idea in the face of the expected expiration of …
New York-based USI Holdings Corporation said it would appeal a jury verdict against USI MidAtlantic, Inc., one of its subsidiaries, in a copyright infringement case that the winning publisher’s lawyers say is a landmark decision. A jury in the Federal …
Colemont Insurance Brokers recently announced that Michael Borghesi was promoted to senior vice president of Colemont-Chicago. “Mike has continually placed some of the most difficult D&O, Errors & Omissions, EPLI and Medical Malpractice accounts,” said Tom Dillon, president of Colemont’s …
The deluge of rain that caused flooding in the nation’s capital and elsewhere in the East forced the evacuation of more than 2,200 people near a rising lake on Wednesday and washed out part of a four-lane highway. At least …
Heavy rains caused flooding throughout eastern and central Pennsylvania, prompting evacuations and resulting in at least one death, as officials braced for the possibility of major inundations along cresting rivers. “We’re seeing flooding all over the eastern and central portions …
The Football League recently won token damages of 4 pounds (euro5.82; US$7.35) against the law firm that advised it on a disastrous television deal, but faces a bill for an estimated 5 million pounds (euro7.3 million US$9.2 million) in legal …
The federal flood insurance program, still reeling from historic losses from Hurricane Katrina, may get a helping hand from Congress. The House voted 416-4 Tuesday to phase out subsidies on some vacation homes and commercial property and raise premiums at …
It’s nice to learn that Lloyd’s hasn’t turned its back on covering the perils that may strike the world’s movie, sports and assorted other celebrities. On the contrary, a recent article on its Website (www.lloyds.com) indicates that due to the …
Germany’s Allianz announced that Chris Fischer Hirs will take over as President of Allianz Risk Transfer on July 1, 2006, “assuming the day-to-day operational management responsibility for the company.” He will become CEO as of January 1, 2007, and is …
Swiss Re has completed the sale of its wholly owned subsidiary Fox-Pitt, Kelton (FPK) to an investor group led by J.C. Flowers & Co. LLC and by FPK management. Swiss Re will hold a minority interest in the new company. …
