A New Jersey woman who was struck in the face with a baseball at a Little League game is suing the young catcher who threw it. Elizabeth Lloyd is seeking more than $150,000 in damages to cover medical costs stemming …
Vermont Gov. Peter Shumlin said the state’s request for a federal disaster declaration following damage caused by heavy rains, winds and flash flooding from May 29 has been approved by President Barack Obama.The declaration will provide financial assistance to communities …
The Federal Emergency Management Agency (FEMA) and its federal partners said they continue to monitor and work closely with states potentially affected by Tropical Storm Debby, including Florida, Georgia, Mississippi, Alabama and South Carolina. FEMA is urging residents to be …
Catastrophe modeling firm Risk Management Solutions (RMS) issued the following update on Tropical Storm Debby this morning, Tuesday, June 26: Over the last 24 hours, Tropical Storm Debby (located over the northeast Gulf of Mexico) has slowly moved towards the …
Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance actuaries at the Casualty Actuarial Society’s Seminar …
The Obama Administration has signaled its support for a Senate bill (S.1940) to reauthorize the National Flood Insurance Program (NFIP). The Senate advanced the bill yesterday but did not vote on it as Majority Leader Sen. Harry Reid, D.-Nev., indicated …
Overall customer satisfaction with auto insurance companies has reached an all-time high, according to the J.D. Power and Associates 2012 U.S. Auto Insurance Study. The satisfaction rate was driven primarily by increases in satisfaction with policy offerings, billing and payment, …
A.M. Best ahs issued a special report – “Russia’s Insurance Revolution Begins to Gain Pace,” which notes that “insurance penetration is low, even when including compulsory lines such as medical cover, which has little or no risk-bearing element. The Russian …
XL Group plc announced the launch of its newly redesigned website from its Dublin headquarters. “The new site presents a simplified online presence for XL and features the company’s talent and product offerings through a streamlined and intuitive design,” said …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating of “aa” of UK-based ACE European Group Limited (AEGL), both with stable outlooks. The ratings reflect AEGL’s excellent stand …
