A Mississippi judge says a Pascagoula couple’s lawsuit against its insurer in a Hurricane Katrina damage did not qualify for punitive damages. On June 27, a Jackson County jury ruled that USAA insurance owed retired Navy Admiral James and his …
A small earthquake jolted Mississippi County, Ark., early on July 5, causing no reported damage. The magnitude 2.7 temblor struck about one mile southeast of the small city of Dell along Arkansas 18. The United States Geological Survey says the …
Texan Roland Paredez said that when he’s out in his boat, everyone -even the black Labrador puppy – wears a life jacket. His safety-minded outlook is one officials wish more Texans would adopt. Over the Fourth of July weekend, game …
Citing recent catastrophe losses and a rapid decline in the insurer’s equity portfolio, A.M. Best Co. has placed the financial strength ratings of A++ (Superior) and issuer credit ratings of “aa+” of The Cincinnati Insurance Companies (CIC) and its property/casualty …
Houston-based HCC Insurance Holdings Inc. named Thomas G. Kaiser president of its Houston Casualty Company and U.S. Specialty Insurance Company (USSIC) subsidiaries. Kaiser will report to Houston Casualty Company and USSIC Chief Executive Officer Michael J. Schell. Kaiser comes to …
NSM Insurance Group, based in Conshohocken, Pa., has acquired a new specialty underwriting group focused on professional liability coverage targeting property and casualty insurance agencies. This new group will include wholesalers, retailers, managing general agencies and program administrators, plus a …
Nebraska Beef Ltd. is expanding a recall announced on July 1 to include all 5.3 million pounds of meat it produced for ground beef between May 16 and June 26. Federal investigators have linked Nebraska Beef’s products to an outbreak …
Insurers would no longer file rates and forms with regulators for some professional liability and errors and omissions coverages under a plan by the New York insurance department to add those coverage to the ‘free trade zone.’ State law allows …
The National Hurricane Center issued an advisory this morning that Bertha has developed into the season’s first hurricane in the open Atlantic Ocean. The center said Bertha is not an immediate threat to land. At 5 a.m. EST, the center …
Allied American Underwriters (AAU), a national program manager headquartered in Tampa, Fla., has introduced a high value homeowners program that is available on a national basis. The program’s values start at $300,000. Exposures can include primary and secondary homes, celebrity …
