From cracked oil and natural gas pipelines to contaminated public water supplies, the nation’s economy could be the biggest casualty of the next major Midwest earthquake, an earthquake expert warned. Geologic engineering professor Dave Rogers of Missouri University of Science …
Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, announced the introduction of its farm line of business (ISO Division Four) on Commercial IQ, its web-based application for quoting and application submission. The company said its farm appetite is …
Southfield, Mich.-based First Mercury Financial Corp. recently announced the appointment of Terrance A. Fleckenstein as chief claims officer. Fleckenstein oversees all aspects of claims management and administration for all of First Mercury’s specialty underwriting platforms. Fleckenstein has over 23 years …
Menlo Park, Calif.-based property and casualty insurer Pacific Specialty Insurance Company (PSIC) promoted Robert Large to vice president of product development and William Guthrie to the vice president of information technology. After eight years with PSIC, Large will now assume …
The Archdiocese of Chicago said it has agreed to pay more than $12.7 million to settle lawsuits by 16 people who accused 11 priests of sexual abuse. The Archdiocese serves more than 2.3 million Catholics in over 378 churches in …
Farmers Insurance Group notified its North Carolina agents that the insurer will pull out of the homeowners’ market across the state before year’s end. Independent agent Greg Reeder of Reeder Insurance Services in Mint Hill, N.C., said he recently signed …
Newark, Calif.-based Risk Management Solutions (RMS) launched new Winterstorm and Severe Convective Storm Models to enhance its suite of catastrophe risk models for the U.S. and Canada. Built to satisfy the needs of both underwriters and risk managers, the models …
MetLife Auto & Home has announced that it has introduced a new pricing platform in Arizona. The platform, called METRIX, will enable the company to be more aggressive in pricing homeowners insurance. At the heart of METRIX is a change …
The Insurance Industry Charitable Foundation is hosting its Insuring the Children Golf Tournament on Oct. 27, 2008, at the Santa Ana, Calif., Country Club. Proceeds from the event benefit the Foundation’s Insuring the Children Program to help end child abuse …
City leaders in Palo, Iowa say they have spent the city’s entire general fund budget on flood recovery. Officials say the town, which has about 900 residents and a $300,000 budget, is out of money. City Hall alone sustained $465,000 …
