Risk Management Solutions has published a report on the “most catastrophic river floods for at least 200 years,” which occurred in the UK in March 1947. “The flooding, which inundated nearly all the main rivers in the South, Midlands and …
Swiss Re announced that it has successfully placed its inaugural Sterling benchmark hybrid capital transaction of £500 million ($982 million). “This transaction represents financing for general corporate purposes,” said the bulletin. “The Sterling market was chosen as it provided additional …
The bipartisan spirit that took hold of the Florida Legislature earlier this year in the effort to lower homeowner insurance rates is showing signs of cracking in the House over property tax relief. A divide has developed over a proposal …
Randall Jones, chairman and chief executive officer of Maxum Indemnity Co. and Maxum Casualty Insurance Co., announced key executive management changes for the specialty lines insurance carrier. Jones announced that Joseph “Jay” Lughes Jr., former president of Western Heritage Insurance …
Speaking on behalf of the National Association of Insurance Commissioners, Florida Insurance Commissioner Kevin McCarty testified before a key subcommittee of the U.S. House of Representatives on the role of insurance in preparing for large natural catastrophes. McCarty commended the …
Leon County Circuit Court Judge Terry P. Lewis approved an order allowing Royal Palm Insurance Co. and Security First Insurance Co. to offer new coverage to the 57,000 homeowner policyholders currently with Maitland-based Vanguard Fire & Casualty Co. Tuesday’s order …
Booster seats will not be required for children who are 5, 6 and 7 years old in South Dakota. The House failed this week to override Gov. Mike Rounds’ veto of the legislation, meaning it is dead. Although HB1189 would …
Wisconsin Gov. Jim Doyle’s plan to transfer $175 million from the state’s medical malpractice fund to pay for health care programs may be illegal and would put the fund on poor financial footing, state auditors warned last week. The nonpartisan …
AAA Michigan is hosting a Claims Career Day from 9 a.m. to 2 p.m. Saturday, March 31at the AAA Michigan Headquarters Administrative Office Building, located at 1 Auto Club Drive, Dearborn, Mich. Representatives will be on hand to answer questions …
Commissioners in Radnor Township, Pa. last month voted to end a plan to bill out-of-town motorists involved in traffic accidents for police services but insurers want to make sure other towns don’t try it. The Property Casualty Insurers Association of …
