As the rivers running through eastern Arkansas start to recede, residents and farmers are beginning to cope with the aftermath of devastating floods — ruined homes, ravaged farmland and major holes in local budgets. Agriculture is the major industry in …
A federal judge has declined to reduce the $1 million fine and $2 million in restitution he ordered paid by a Colorado company that admitted partial responsibility for the death of a Baton Rouge plant worker. Chief U.S. District Judge …
The Florida reinsurance renewals on June 1, 2011, experienced a wide range of outcomes, as substantial catastrophe losses combined with two major catastrophe model revisions over the past 16 months led to a volatile renewal season, according to reinsurance specialist …
XL Insurance, the global underwriting operations of XL has unveiled a new contractor’s protective indemnity (CPI) coverage for the construction industry. This new coverage provides an additional layer of insurance protection to contractors working on design/build projects when their architect/engineer’s …
Appalachian Underwriters, Inc. (AUI) has been appointed by American Alternative Insurance Corporation (AAIC) to offer nationwide commercial auto coverage. Appalachian Underwriters is a licensed national managing general agency, and AAIC is predominantly a commercial lines insurer operating in all 50 …
Hiscox has introduced their business owners policy (BOP) offering in Arizona, California and New York, with coverage in additional states planned for later this year. The business owner’s insurance package (BOP) combines general liability insurance with business property coverage to …
Eric Cioppa will serve as acting superintendent of the Maine Bureau of Insurance, following the departure of Mila Kofman last month. Cioppa most recently served as deputy superintendent. He joined the Bureau of Insurance in 1988 as a statistician and …
The Texas Legislature, which adjourned its regular session on May 30, passed a number of bills of interest to the property and casualty insurance industry, including tort reform legislation and a measure requiring that certificate of insurance forms be approved …
An audit committee has found no evidence of impropriety in Pinnacol Assurance’s incentive, expense and pay policies, but nevertheless recommended the Colorado-based workers’ compensation insurer “maintain a heightened sensitivity that reflects Pinnacol’s unique public nature while operating in the private …
Insurance broker Arthur J. Gallagher & Co. has acquired Independent Fiduciary Services Inc. (IFS), a Washington-based institutional investment advisory firm. Terms of the transaction were not disclosed. Founded in 1986, IFS provides investment consulting and other services to pension, welfare …
