The Task Force on Citizens Property Insurance Claims Handling and Resolution, created during the 2007 Legislative Special Session, issued its third and final report. In addition to the June 11 submission, the task force will release a supplemental report, sometime …
Recent flooding that swamped parts of the Midwest, including Indiana, Wisconsin and Iowa, caught many property owners unprotected. Only 1 percent of all Indiana homeowners have flood insurance. Wisconsin reports even less than that. People generally pass on federally backed …
The federal Mine Safety and Health Administration is taking a stab at requiring airtight emergency refuges in the nation’s 624 underground coal mines. Mine operators can either store building materials underground, build airtight rooms, or place prefabricated refuges in the …
The Travelers Cos. Inc. has named Joan Kois Woodward executive vice president for public policy, effective immediately. Woodward, who will be based in Washington, D. C., joins the company from Goldman Sachs & Co., where she was the founding executive …
Nationwide and Allstate will insure homes along the Mississippi coast where the current insurer decided not to renew policies, officials said. The State Farm Insurance action involves 892 policies within 1,000 feet of Mississippi Gulf Coast waters, an area devastated …
Standard & Poor’s Ratings Services has assigned its ‘A’ long-term counterparty credit and insurer financial strength ratings to U.K.-based non-life insurer W.R. Berkley Insurance (Europe) Ltd. (WRBIEL) with a stable outlook. “The rating reflects WRBIEL’s strategic importance to U.S.-based insurer …
A bulletin from Marsh’s London office warns that the economic downturn in the US and many parts of Europe, caused by the contraction of readily available credit in some spheres, may well increase the incidence of professional liability claims against …
State media reported that 55 people have been killed and seven are missing in flooding across a broad stretch of southern China. A Sunday, June 15, report by the official Xinhua News Agency says more than 1 million people have …
Soldiers fighting through a torrent of mud and rocks dug out three bodies at a hot spring Sunday, bringing the death toll from a magnitude 7.2-earthquake that hit the mountains of northern Japan to at least nine, with more than …
American International Group, the world’s biggest insurer [by capitalization], replaced CEO Martin Sullivan on Sunday, June 15, after it suffered two quarters of record losses from risky mortgage bets and its share price more than halved over the past year. …
