Foreign navies have agreed to protect a vessel installing an undersea high-speed Internet cable from pirates off the coast of Somalia, a Kenyan minister said on Thursday. Sea gangs from lawless Somalia have been increasingly striking the Indian Ocean shipping …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) continues to produce positive investment returns, “based,” it said, “on its diverse investment portfolio and conservative approach to investment. “These returns have allowed the CCRIF to increase its claims-paying capacity and facilitate a …
The 2009 Idaho Legislature has passed, and Gov. C.L. Butch Otter has signed into law, two bills affecting the insurance coverage requirements for all-terrain vehicles, specialty off-highway vehicles, utility type vehicles and motorbikes. The bills are Senate Bill 1098 and …
A new errors and omissions insurance program for property management firms, named SmartPro™, is now available from New Empire Group, Ltd. Robert E. Mackoul, CLU, Chief Executive Officer of New Empire Group stated, “The program is geared toward small to …
Scanlon Guerra Burke Insurance Brokers of Woodland Hills, Calif., has named Justin Schneir a partner. He specializes in metal goods manufacturing and malpractie insurance. He has been with the company for four years and was previously assistant vice president.
Once, stable owner Terry Swigart recalls, people could ride horses through the surf along Oregon’s beaches with few restraints — “a free-spirit-type thing.’” These days, though, the practice of stable owners offering rides seems headed for the memory books, thanks …
Some of the nation’s insurance consumer advocates are wary of current proposals for federal regulation of insurance being passed around in Washington. They prefer taking their chances with an imperfect state regulatory system over what they fear would likely emerge …
Insurance agents can play a big role in helping states to fight insurance fraud. And with insurance fraud costing California alone $15 billion each year, or $500 per resident, the cost of which is eventually passed onto consumers, they should …
Chubb Personal Insurance has notified its agents it is no longer including wind coverage in Masterpiece homeowners insurance policies for new customers in 14 Southeast and Southwest coastal counties in Florida. The insurer, however, is making wind coverage available on …
ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, launched ACE Green CPLSM , a contractors pollution liability program. The new program will help address the growing risks and potential exposures faced by contractors as they …
