Monthly Archives: <span>October 2007</span>

Avocado Crops Hard Hit by Wildfires

Wind-driven wildfires that torched Southern California have charred fruit orchards, wilted flowers and littered the ground with avocados, delivering a devastating blow to area farmers already reeling from a deep winter freeze and the long drought that followed. The final …

Fires Over, But Calif. Should Assess Flood Risks

Trusted Choice agents, along with the Independent Insurance Agents & Brokers of America (the Big “I”) and IBA West, have teamed up to aid California residents in need in the aftermath of the devastating wildfires. While the Southern California wildfires …

Miss. Town Moves to Slow Demand for Katrina Cottages

Members of political boards have their disagreements. But if a majority of Bay St. Louis, Miss., City Council members agree on one thing, it’s their intense dislike for Katrina cottages. Since the small, modular homes wheeled their way into the …

Hanover Insurance Profit Soars 61% in 3d Quarter

With fewer catastrophe claims to pay, Hanover Insurance Group Inc.’s profit jumped 61 percent in the third quarter, the company reported this week. Net income for the third quarter of $53.9 million, or $1.03 per share, compared to a net …

ACE Rebrands INAMAR as ACE Recreational Marine Insurance

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced that INAMAR, its marine marketing and underwriting division, will now be known as ACE Recreational Marine Insurance. “This rebranding effort, which is a simple replacement of …

N.J. Court: Underinsured Motorist Policy Covers Drive-by Shooting Victim

A woman injured by a bullet from a drive-by shooting is entitled to recover under her uninsured motorist coverage, even though she was not in her car at the time of the shooting, according to a New Jersey Appellate Division …

Guy Carp Partners with WSI Corp. to Assess U.S. Hurricane Risks

Guy Carpenter & Company, LLC, Marsh & McLennan’s global risk and reinsurance unit, has announced a collaboration with WSI Corporation, a provider of weather-driven business solutions, to “help cedants better assess the impact and potential loss damage of hurricane activity …

Senators Slam Delay in Nuclear Workers’ Compensation Payments

Majority Leader Harry Reid and other senators said this week that there are unacceptable delays in a government program to compensate Cold War-era nuclear workers who developed cancer from exposure to radiation. Reid, D-Nev., told a Senate hearing that ill …

Insurer for Norwich, Conn. Diocese Settles Another Abuse Case

Bishop Michael Cote of the Diocese of Norwich, Conn. says a settlement of $170,000 will be paid to a Pawcatuck man who claims he was molested by a priest in a Stonington church. The word of the settlement came in …

UK Broker Scrutton Bland Joins Willis Commercial Network

Willis Group Holdings further strengthened its UK “Willis Commercial Network “(WCN) with the announcement that brokers Scrutton Bland Ltd. have joined the organization. Willis established its Commercial Network in 1998, as a strategy to penetrate the SME (small and medium …