“The global reinsurance market plays an integral role in spreading US hurricane risk around the world,” said a bulletin from the Association of Bermuda Insurers and Reinsurers (ABIR). “Without it, the risk would be concentrated in a single state (or …
Standard & Poor’s Ratings Services has placed its ratings on American International Group Inc. – currently ‘AA-‘ /A-1+ – and subsidiaries on CreditWatch with negative implications. S&P said it took the action following the “significant decline in AIG’s share price …
Employers in Oregon will pay nearly 6 percent less on average for workers’ compensation coverage in 2009, the Department of Consumer and Business Services announced. The reduction in the workers’ compensation “pure” premium rate in 2009 marks the third straight …
Oregon Health & Science University and the state’s trial lawyers have proposed a new limit for damage claims against government agencies. The sides recommend the current liability cap of $200,000 be boosted to $1.5 million next summer, The Oregonian newspaper …
The Juneau Assembly has authorized spending $55,000 to help pay for an avalanche forecaster this winter. City Manager Rod Swope says he looks at the expenditure approved Wednesday as insurance. The forecaster will test snow on Mount Juneau and prepare …
The former U.S. Forest Service employee who started the worst wildfire in Colorado’s recorded history testified she burned the letter blamed for igniting the blaze as a “symbolic gesture” of her failing marriage. Terry Lynn Barton took the stand in …
This year’s California legislative session has been a relatively positive one for property/casualty insurers and their customers, according to the Association of California Insurance Companies. Legislators generally seem satisfied that the property/casualty markets are responding to consumers’ needs and expectations. …
Union General Insurance has an “A+” rated carrier offering general liability and professional liability coverage for various shelters. Abused child/battered women/teenage runaway shelters and homes for unwed mothers can be considered. Personal injury is included. Employees are additional insureds, and …
Midwest residents felt the wrath of Hurricane Ike this weekend as rains made their way up the corridor of the country pelting Illinois and Indiana spurring the Illinois governor to call for a state of emergency for Cook County. The …
Manufacturers delivered nearly 200 airtight refuge chambers to West Virginia coal mines. State regulators became the first in the nation to mandate the chambers after 12 trapped men died after a January 2006 explosion at the Sago Mine. The chambers …
