American International Group (AIG) recently announced a number of senior appointments to replace four key commercial lines executives who bolted for Berkshire Hathaway’s insurance operations. Berkshire is reportedly looking to boost its commercial lines and its excess and surplus business. …
New Jersey Gov. Chris Christie has signed into law on May 6 a bill that aims to help homeowners better understand their insurance policies. The legislation (A3642/S2502) requires homeowners’ insurers to give policyholders a one-page summary of the policy explaining …
Investor Warren Buffett said Berkshire Hathaway plans on growing its commercial lines insurance business quickly now that it has added four executives from American International Group. (See “People-East” for more details on the executive shuffle.) “I think you will see …
Superstorm Sandy may not have hardened the insurance market, but it has changed the way underwriters view the Northeast, a view that catastrophe models will reflect going forward. According to NAPCO’s Spring 2013 State of the Market Report, underwriters and …
Maryland has enacted a new law requiring insurers that write homeowners policies in the state with anti-concurrent causation clauses to explain these clauses to their policyholders on an annual basis. Maryland Gov. Martin O’Malley signed into law H.B. 695 on …
A powerful thunderstorm in the afternoon on May 16 produced four tornadoes as it moved into Louisiana from Texas The National Weather Service, in a survey released Saturday, says all tornadoes had winds of 90 mph to 100 mph. The …
Louisiana State Sen. Dan “Blade” Morrish is barred from seeking the CEO’s job at Louisiana Citizens Property Insurance Corp. That ruling was reaffirmed on May 17 as the Louisiana Ethics Board upheld an earlier advisory opinion, reports the American Press …
Some 350 homeowners in the central New Jersey towns of Sayreville and South River whose properties have flooded repeatedly will be eligible to sell their homes in the first phase of a new federally funded buyback program, New Jersey Gov. …
Editor’s Note: This is part of a team report on opioid use by injured workers. For stories focused on particular regions click on the respective links below. The national “epidemic” of opioid usage has garnered a great deal of public …
The Council of the District of Columbia held a public hearing Thursday that weighed in on a recent proposal to require liability insurance for all gun owners in Washington, D.C. The bill 20-170, “Firearm Insurance Amendment Act of 2013,” was …
