The lifestyles of the rich may be set for a downgrade as the U.S. economic malaise works its way up the income ladder, according to a survey released Wednesday. The sharp slide in confidence among lower-income households has come as …
The U.S. Geological Survey (USGS) and the California Geological Survey (CGS) have jointly published a report detailing a hypothetical scenario the impact a 7.8 magnitude earthquake — similar to the recent earthquake in China — would have in the Southern …
Woodbridge, N.J.-based NIP Programs, a division of NIP Group Inc., said it will now cover paving contractors as part of its SitePro insurance program for site improvement and excavation contractors. NIP Programs, which caters to industries with specialized insurance and …
Standard & Poor’s Ratings Services has changed the outlook on its ‘B’ long-term counterparty credit rating on Triad Financial Corp. to negative from stable. “The outlook change reflects the company’s weak earnings and difficulty in obtaining stable, long-term funding for …
The U.S. Small Business Administration and the Federal Emergency Management Agency have opened offices for Mississippi flood victims to apply for assistance. Those affected by the flooding Mississippi River can apply for disaster loans. To be considered for additional grant …
The Chubb Group of Insurance Companies announced it has broadened its homeowners coverage in Texas by introducing unlimited extended replacement cost coverage. In the event of a total covered loss, Chubb can pay to fully rebuild or repair a home …
Several lawsuits have been filed in state and federal court against Burlington Northern Santa Fe Corp. that seek damages from a train derailment in Lafayette, La., that forced the evacuation of about 3,000 Lafayette residents. Six cars went off the …
Texas Insurance Commissioner Mike Geeslin has approved the Texas Windstorm Association’s request for increased reinsurance for the 2008 hurricane season. TWIA, the state-backed “insurer of last resort”; for wind and hail for 14 counties along Texas’ Gulf Coast and for …
City leaders in Johnston, Iowa have decided against earthquake insurance in the wake of two tremors this spring in Illinois and Missouri. The City Council on Tuesday, May 20th rejected spending $4,000 a year for an earthquake policy with a …
Kansas City, Mo.-based Westrope established a new office in Brandon, Florida. Westrope Insurance Managers of Florida is a multi-line wholesaler providing binding authority programs and small to medium sized brokerage placements throughout Florida and surrounding states. Alan Goldfarb, Paul Burger …
