Here’s what some insurers and brokers have been up to recently, inventing and tweaking key programs and coverages. Liability: Professional, E&O, D&O, EPLI CNA launched Epack Extra, an enhanced version of its modular Epack product that includes directors and officers, …
Brick-and-Mortar The traditional retailers doing well are selling autos, liquor, candy, office supplies, gifts and furniture. Dining Out Fast casual establishments expected to lead in seatings and sales. Up, Up & Away Airlines, hotels, travel agents all stand to gain …
A tenth reinsurer –and ninth from Bermuda– is taking advantage of a Florida law that allows it to post a lower collateral amount while still conducting business in the state. Florida regulators announced that Montpelier Reinsurance Ltd. has been authorized …
The Obama administration is expected to name an Illinois state insurance regulator to head the new Federal Insurance Office, said sources familiar with the matter as reported by Reuters. Michael McRaith, seen as the front-runner for the job, is now …
A Republican draft of legislation to reform the federal flood insurance program would renew the program for five years, phase out most rate subsidies, tie coverage limits to the rate of inflation, vary the deductible by how subsidized the premium …
High-risk property is a location that is inherently dangerous due to the nature of its operations or that is exposed to powerful forces of nature such as hurricanes, earthquakes, and floods. Insuring against these exposures requires a different approach from …
Expanding a federal program that is already $17 billion in debt might seem like a non-starter of an idea on budget-conscious Capitol Hill these days. However the idea is included in a Republican proposal to reform the National Flood Insurance …
The U.S. Supreme Court’s recent refusal to hear a workers’ compensation insurance case that concerned an illegal immigrant who had sought coverage after a workplace accident means states are left to decide the issue of whether workers who entered the …
Food prices continue to ride a rollercoaster. In the first quarter of 2011 the food price index of the United Nations’ Food and Agriculture Organization set new records in real and nominal terms. While food prices haven’t been the cause …
A University of Southern Mississippi football player shot outside Remington’s Hunt Club has sued the business and its owner for $87 million in damages. Martez Smith was one of three football players wounded in a Nov. 14 shooting at the …
