A leading East Coast homebuilder worried about the malodorous Chinese drywall it was using in Florida homes in 2006, but didn’t alert most of its customers or government officials, according to court documents. The concern was so great that WCI …
The insurance industry is changing more and more every day, and, in this day and age, any sales manager who is serious about keeping up with the changing nature of the industry and maximizing the ROI on his marketing spend …
As he hinted he would do, Florida Gov. Charlie Crist has vetoed an omnibus property insurance bill (SB2044) that the industry and even the state’s insurance commissioner had urged him to sign. Crist, who was elected governor as a Republican …
Reinsurers transferred $2.35 billion in catastrophe risk to capital markets before the U.S. hurricane season that began Tuesday, higher than the $1.4 billion last year, as the catastrophe bond sector starts to resume normal issuance after the global financial crisis. …
A Manhattan federal judge said on Tuesday that it was unfair to hold Moody’s Investors Service and Standard & Poor’s liable as “underwriters” on securities offerings needing their ratings, as he rejected fraud claims by investors on the safety of …
The National Flood Insurance Program (NFIP), which expired at midnight on May 31, is not expected to be able to issue new policies for a week or longer. As reported by Insurance Journal last Friday, Congress left town for the …
The omnibus property insurance bill, SB2044, becomes law at the end of today, unless Florida Governor Charlie Crist vetoes it. Crist could sign the bill or just let it become law without his signature. But if he intends to stop …
The May Business Conditions Index for the Mid-America region advanced for a sixth straight month, pointing to a growing economy in the months ahead, according to the May Business Conditions survey of supply managers in the nine-state region. The index …
Louisiana Workers’ Compensation Corporation (LWCC) has promoted Lloyd Colvin to Occupational Medicine manager. Colvin succeeds Jules P. Debetaz, who retired in May. Colvin has an extensive background in provider relations. He has been with LWCC for 12 years, serving as …
Royanna G. Carle of Berkley Risk Administrators Company LLC has been installed as president of the Minnesota Chapter of the Chartered Property Casualty Underwriters Society. Other elected and installed officers for 2010-2011 are: Vice-President Gary Pasterik, Western National Insurance Group; …
