Monthly Archives: <span>November 2012</span>

Far Rockaway in NYC’s Queens Borough Copes With Sinkholes After Sandy

Residents in Far Rockaway in New York’s Queens borough are now coping with sinkholes in areas that seemed stable before Superstorm Sandy. The city’s Department of Environmental Protection has determined that the holes were caused by damage to private water …

Van Eeten Elected to Lead Texas Surplus Lines Association

The Texas Surplus Lines Association Inc. announced that Kathy van Eeten, senior vice president – Regional Marketing for insurance broker CRC|Crump, has been elected president of the association for the coming year. Van Eeten is based in Austin. Other TSLA …

County May Sue Bankrupt Southern California City

County supervisors have voted to join the long list of San Bernardino, Calif. creditors and may sue the bankrupt city. The city 60 miles east of Los Angeles filed for Chapter 9 bankruptcy protection in August after learning it faced …

Assurant Appoints Senior VP of Corporate Development in New York

Assurant Inc., a provider of specialty insurance and insurance-related products and services, appointed Larry N. Port to the position of senior vice president, corporate development. He is based in Assurant’s headquarters office in New York. In his new role, Port …

New York Gov. Cuomo Proposes $9B for Storm Damage Prevention

New York Gov. Andrew Cuomo wants huge electrical transformers in commercial buildings hauled to upper floors and wants the ability to shutter key tunnels, airports and subways from floodwaters as part of a $9 billion plan to safeguard New York …

Disaster Declaration Issued for 18 W.Va. Counties in Wake of Sandy

President Barack Obama has issued a disaster declaration to help 18 counties recover from damage caused by Superstorm Sandy. The declaration announced Tuesday by the White House makes federal funding available to eligible local governments and certain private nonprofit groups …

Health Care Workers’ Comp Claim Severity On the Rise: Aon

Workers’ compensation claim frequency is expected to decrease but claim severity will rise in 2013 for the health care industry, according to a new report. Aon Risk Solutions, the global risk management business of Aon plc, launched its first Health …

California’s Jones to Review Nationwide Following Security Breach

California Insurance Commissioner Dave Jones announced said his office will conduct a review of Nationwide/Allied Group of insurance companies’ cyber security measures to ensure the company is doing all it can to protect consumers from theft or loss of their …

Liability Insurance Shows Signs of Deteriorating Performance: Conning

The benign period for liability insurance results may have run its course. Current trends in loss frequency, tort filings, and reserve releases suggest that an inflection point may have been reached, according to a new study by Conning. “The U.S. …

Citizens President Gilway Admits Mistake in Abolishing Office

Citizens Property Insurance Corp. President Barry Gilway said Tuesday he made a “dumb decision” in how he went about abolishing the firm’s Office of Corporate Integrity earlier this year.Gilway conceded it was a mistake to do away with the office …