The New York State Insurance Department has sent a reminder to all car insurers in the state that an admittedly confusing new law requires carriers to collect a $10 annual fee for each policyholder — at least for now. The …
Florida Gov. Charlie Crist says he’ll sign legislation that increases property insurance rates by 10 percent on more than 1 million customers of the state-backed Citizens Property Insurance Corp. Crist said that stabilizing the marketplace by helping Citizens reach actuarial …
Court records show that feuding emergency workers in Smithsburg, Maryland, have settled a wrongful death lawsuit. An attorney for Smithsburg Emergency Medical Services said Monday the case has been settled by mutual agreement. The lawyer, Thomas McCarron, declined to discuss …
Police in Plainfield, Connecticut say the bicycle death of a 13-year-old boy over the weekend is being investigated as an accident. William Howard died Saturday after he fell off his bike and struck his head at a skateboard park. Police …
AIR Worldwide announced that it has integrated catastrophe modeling with risk management and reinsurance underwriting systems for AXIS, a Bermuda-based global provider of specialty lines insurance and treaty reinsurance. “AIR’s Integration Solution provides an interface between our portfolio management system …
Bermuda-based Validus Holdings reported net income of $94.9 million, or $1.20 per diluted common share for the quarter ended March 31, 2009, compared with net income of $66.5 million, or $0.85 per diluted common share, for the quarter ended March …
Bordentown, New Jersey-based New Day Underwriting has promoted John Heft to the newly created position of director – Real Estate Practice. Heft will lead the group’s focus on providing insurance and risk management solutions for all types of Commercial and …
The Tennessee House has rejected a bill that would have made aggressive driving in the state against the law. “One of the biggest problems on the roadway today is aggressive driving,” said Rep. Eric Swafford, R-Pikeville and the bill’s main …
Raleigh, North Carolina-based commercial insurer Builders Mutual is launching a training program for builders that the insurer hopes will help them survive and thrive in today’s economy. Participants in the course, called “Building for the Future,” will learn survival skills …
“Piracy in the Gulf of Aden and off the coast of Eastern-Africa is increasing. By the end of April there had been 79 attempted and completed hijacks by Somali pirates this year,” notes an article on the Lloyd’s of London …
