Monthly Archives: <span>September 2010</span>

You Can Attend an Insurance Trade Show without Leaving your Desk!

What if you could get all the benefits of attending an insurance trade show without any expense or leaving your office? Find New Markets, connect with existing markets, learn from the experts in the lecture hall, network with other producers …

Eligibility for Preferred Risk Flood Insurance Pricing to Be Extended

Since 2008, many homes and businesses in the United States have been rezoned on Federal Emergency Management Administration flood hazard maps from low-to-moderate flood risk areas into higher risk areas, and vice versa. Because of their reassignment into a zone …

Report: U.S. West Coast Not Prepared for Tsunami

A report from the National Academies of Science says the West Coast of the United States remains ill-prepared for a tsunami. The seismologist who led the review of tsunami preparedness says an earthquake on the offshore fault called the subduction …

Disaster Assistance Available for Iowa Businesses

The Iowa Department of Economic Development is encouraging businesses affected by flooding or natural disasters to sign up for recovery assistance. The agency said that only a handful of eligible Iowa businesses have applied for assistance through the Iowans Helping …

Congress Takes Aim at Cybersecurity Threats

Proposed cybersecurity legislation circulating on Capitol Hill would give the president the power to declare an emergency in the case of big online attacks and force some businesses to beef up their cyber defenses and submit to scrutiny. The draft …

Ratings Recap: Tapiola, Congregational, Asian Re, Int’l. Energy, Leadway

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of Finland’s Tapiola General Mutual Insurance Company (also known as Keskinainen Vakuutusyhtio Tapiola). The outlook …

Waiver of Coinsurance Option Added to Petersen International Medical Plans

Petersen International Underwriters announces a new option for waiver of the Coinsurance charges on the International Major Medical, USAway International Major Medical and Yacht Medical plans. Traditionally there is an 80/20 coinsurance of the next $5,000 of expenses following an …

Not Many Applicants for BP Gulf Rig Worker Fund

There have been far fewer applicants than expected for money from a $100 million fund BP PLC set up to help deepwater rig workers after a federal moratorium on drilling prompted by the massive oil spill. With nine days left …

Arkansas’ Jobless Rate Increases to 7.5%

Arkansas’ unemployment rate rose by one-tenth of a percentage point last month to 7.5 percent, the first increase since March. The state Department of Workforce Services says the state’s nonfarm payroll jobs decreased by 3,400 in August. The biggest drop …

Washington Supreme Court: Actual Cash Value Includes Sales Tax

The Washington Supreme Court has ruled that an insurer is required to pay sales tax when reimbursing a client for the actual cash value (ACV) of damaged property. According to court documents in Laura Holden v. Farmers Insurance Co. of …