Insurance companies should be allowed to adjust their so-called “named storm” deductibles on homeowner policies, depending on properties’ distance from the hurricane-prone Gulf of Mexico, according to a bill approved by the Louisiana House of Representatives. Louisiana is the only …
MetLife Auto & Home, which recently announced its intention to expand its offerings in Texas, added Austin-based NewMark Insurance Services as an appointed agency. NewMark Insurance Services is led by President Henry Font and Vice President Karen Font. Together they …
Louisiana residents who have applied to the state’s Road Home program have until June 16 to return forms indicating whether they’re interested in receiving grants to elevate homes they’re rebuilding after the 2005 hurricanes. The state says it’s mailed more …
Applications are being accepted for a second round of loans and grants being offered to small businesses in Louisiana struggling to recover from hurricanes Katrina and Rita. The state will hand out $80 million in loans and grants, funded with …
Maine’s supreme court has sided with an insurance company that refused to pay a wrongful death claim benefiting a husband who caused his wife’s death. The estate of Esther Pecci brought action against Amica Mutual Insurance Co. after it denied …
A U.S. judge has ruled in favor of insurer Allianz in a dispute with World Trade Center developer Larry Silverstein about recovering money from third parties if they are found to be at fault in the September 11, 2001 attacks. …
Risk Management Solutions has announced the launch of an initiative to keep businesses informed of the impact of catastrophic events by making its expert analysis publicly available on its web site. “The RMS Cat Updates service – which has long …
Marsh’s London office announced that it has established an Insurance Regulatory & Tax Consulting Practice within the firm’s Global Risk Management Division, to be headed by Praveen Sharma. Marsh said: “The practice will provide multinational clients with support and information …
Bermuda’s XL Capital Ltd. has issued a statement, indicating that it is “not involved in a summary judgment handed down by the U.S. District Court for the Southern District of New York in favor of Merrill Lynch International.” XL explained …
XL Re, the global reinsurance operations of Bermuda-based XL Capital Ltd., has received regulatory approval to serve the Brazilian reinsurance market as an admitted reinsurer. The newly admitted reinsurer, XL Re Latin America, will operate full offices in both Rio …
