The National Flood Insurance Program owes the federal Treasury more than $17 billion from hurricane-related losses and has been unable to set aside enough money to meet catastrophic losses that could arise in the future, congressional investigators said in a …
Ernesta G. Procope, chairman and founder of insurance broker E.G. Bowman Co., has received a lifetime accomplishment award from the National African American Insurance Association, New York Tri-State Chapter. Procope was presented the Pioneering Award during a recent chapter meeting …
Ohio businesses that aren’t paying insurance bills to cover injured workers can expect a visit from the state. The Ohio Bureau of Workers’ Compensation said July 16 that it is creating a compliance unit to pursue businesses with lapsed workers’ …
A couple’s homeowner’s policy does not cover alleged negligence by the wife for not preventing her husband from sexually abusing a child, a divided Wisconsin Supreme Court said July 17. The unnamed child and the child’s mother sued the woman …
Charlotte, N.C.-based Barry, Evans, Josephs & Snipes, a financial services firm serving the insurance and financial services needs of high net worth individuals and successful corporations, reestablished itself as an independent firm following the purchase of the company name, certain …
The state Department of Health reports that a ninth Tennessean has been sickened by the salmonella outbreak linked to tainted tomatoes. Officials said July 16 that a resident of Anderson County became ill but has since recovered. The federal Food …
North Carolina medical regulators voted to cut back on the amount of information they will post on a Web site about malpractice settlements of North Carolina doctors. The News & Observer of Raleigh reported that the North Carolina Medical Board …
Mayor Michael Bloomberg on Wednesday endorsed dozens of procedural changes to improve fire safety and coordinate oversight at construction sites, responding to the failures that led to a fatal fire last summer at a ground zero skyscraper. The former Deutsche …
Special interest groups trying to influence policy and legislation on Beacon Hill aren’t letting a poor economy slow them down, spending 13 percent more on lobbyists in the first six months of this year than the same period last year. …
Global insurance broker Willis Group Holdings has named Gary Schmalzriedt as chairman of Willis Re, the company’s reinsurance arm. Schmalzriedt brings 40 years of international insurance management experience to his new role, and was chairman and chief executive officer of …
