“Rolling NBCR [nuclear-biological-chemical-radioactive coverage] into terrorism coverage will likely result in significantly increased premiums and would likely have the unintended consequence of reducing the take-up rate for terrorism insurance. Requiring any retention of NBCR risk by primary insurers (even where …
$40.6 billion paid on 1.7 million insurance claims Two years after Hurricane Katrina struck, the “overwhelming majority of claims” in Gulf Coast states from her destruction have been settled in what has been the single largest loss — $40.6 billion …
42. The percentage drop in securities class actions, which have fallen well below historical averages. According to the report, the 59 filings recorded in the first half of 2007 was down from the average semi-annual filing rate of 101 reported …
A violent storm that swept through Pittsburgh last week incurred hundreds of thousands of dollars worth of damage to the city’s Carnegie Science Center, a spokesman for the center said. Officials are still assessing the repair costs with an insurance …
Northland Insurance, a subsidiary of Travelers, announced the addition of Identity Theft Expense Reimbursement Coverage to transportation policies where available, at no additional charge. “Identity theft is one of the fastest growing crimes in the country, and individuals in the …
Professional Underwriters of Exton, Pa., named Gene Mammone as production underwriter, Municipal Programs. Mammone will be responsible for building the municipality segment of Professional Underwriters and its’ Community Works Insurance Program with a keen focus on towns, counties, water and …
With major fires burning in more than a dozen states and officials on high alert for more, authorities are scrambling to contain the blazes and keep new ones from igniting, despite unfavorable weather and strained resources. The worst fires have …
Health risks from asbestos and other toxic materials were questioned Sunday following the blaze that killed two firefighters in an abandoned skyscraper being dismantled next to the World Trade Center. Results from air-quality tests around the building in lower Manhattan …
The Nebraska Supreme Court restored a jury award on Friday, Aug. 17 granting a La Vista keno owner $1.6 million in a malpractice case against the state’s second-largest law firm. The court decision gave Richard T. Bellino about five times …
Cars, campers and RVs were traveling in and out of Yellowstone National Park through the park’s east gate again Sunday after road crews worked overnight to clear a mud slide outside the park. Meantime, firefighters who had been battling a …
