Alabama Gov. Bob Riley filled a recently vacated opening on his cabinet, naming a commissioner to head the Department of Insurance. Jim L. Ridling takes over the position from Walter Bell, who announced in August he was resigning to become …
Residential and commercial damages from Hurricane Gustav will trigger an estimated $4 billion to $10 billion in insurance claims, a third of which could affect the energy industry. While Gustav’s force paled in comparison to Hurricane Katrina, which cost insurers …
The Alabama Insurance Underwriting Association, a.k.a. the Beach Pool, released a progress report on a series of coastal insurance recommendations made by a state task force following Hurricane Ivan in 2004. The 20-member hurricane insurance issues task force released its …
Hurricane Ike strengthened rapidly into a fiercely dangerous Category 4 hurricane in the open Atlantic Wednesday and Tropical Storm Hanna intensified to a lesser degree as it swirled over the Bahamas toward the southeast U.S. Coast. Ike posed no immediate …
North Carolina Gov. Mike Easley activated the N.C. National Guard and other state resources to be ready to respond to Tropical Storm Hanna, which is expected to affect the state on Friday and Saturday. Up to 270 members of the …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) said it will be offering the full resources of the agency to assist in protecting workers in the recovery effort in the wake of Hurricane Gustav along the Gulf …
As Tropical Storm Hanna strengthens and takes aim at the Carolinas, the South Carolina Department of Insurance reminds homeowners to review their insurance policies and brace for potential damage. “We urge South Carolinians to stay tuned to the weather reports, …
John Charman, chief executive of Bermuda-based Axis Capital Holdings Ltd , said Wednesday that his eyes are open for acquisitions, both large and small. “We would consider acquiring any company that substantially enhances earnings potential,” Charman said at an insurance …
Worcester, Mass.-based The Hanover Insurance Group Inc. has appointed Alan Crater vice president of its Northeast marine team. In addition, Elaine Bartolini has joined The Hanover as assistant regional vice president for inland marine. Crater, who has served in various …
Standard & Poor’s Ratings Services has revised its outlook on French reinsurer SCOR SE and its guaranteed subsidiaries (collectively SCOR or the group), to positive from stable. SCOR regained an ‘A-‘ rating from S&P in Sept. 2007, following completion of …
