Insured losses from Hurricane Arthur will not exceed $250 million from wind and coastal flooding, catastrophe risk modeling firm RMS said. According to RMS, the expected loss covers damages to: Residential, commercial, industrial properties Automobile and watercraft lines of business …
Florida’s state-backed property insurer’s proposed rate reduction is raising questions about whether it will make the insurer competitive with the private market. Citizens Property Insurance Corp. recently proposed 2015 rates that include a statewide average 2.9 percent rate decrease on …
South Carolina Governor Nikki Haley and U.S. Senators Lindsey Graham and Tim Scott have written to congressional leaders expressing support for the reauthorization of the Export-Import Bank. “As elected officials from a state where thousands of hardworking families benefit from …
A federal judge in New Orleans has ordered a China-based maker of drywall to pay $55,000 in penalties and attorney fees – and to stop doing business in the United States – as punishment for refusing to take part in …
Rick Gentry, former executive director of the Insurance Council of Texas (ICT), was presented with the Raymond Mauk Leadership Award at the ICT’s Mid-Year Property and Casualty Symposium in Austin. Gentry led the ICT for 17 years. The Raymond Mauk …
What are the rules governing insurance agents in Texas on rebates, referrals and rewards, and why do they matter? For starters, at a minimum, agents could lose their license for violating rules regarding such activities. And, they could potentially be …
The expansion of shale resource extraction encompasses several interrelated elements, including exploration risk, infrastructure project risk, and the risks associated with new or enlarged trade flows and the significant financing needs associated with each stage. Shale exploration and production companies …
Two fertilizer companies that sued following a deadly Texas explosion are claiming the small town deserves blame for failing to properly train volunteer firefighters and first responders, who made up most of the 15 people killed by the blast. El …
An insurance company that was tongue-lashed in a decision by a Pennsylvania judge is contesting his ruling that it pay $18 million in punitive damages after a long court battle over faulty repairs to a family’s vehicle in 1996. Nationwide …
Insurance brokerage and risk management firm Integro appointed Ruth Kilduff as chairman, and Anne Anderson as president of its United States operations, Integro USA. Both Kilduff and Anderson are Integro veterans. Kilduff leads the firm’s healthcare practice and its Boston …
