The Flood Agency, which offers private flood coverage that are backed by the surplus lines insurer Lloyd’s Private Flood, announced it will stop writing new business in the Tampa Bay region in order to manage its exposure. The decision affects …
Heidi Strommen, president of ProHost, has been elected to serve as president of the Target Markets Program Administrators Association (TMPAA) following the completion of current President David Springer’s term in January. Strommen began her insurance career as a policy analyst …
Freedom Industries Inc., whose leaking chemical tank made much of West Virginia’s water undrinkable early this year, filed a proposed Chapter 11 plan under which proceeds from a settlement with AIG Specialty Insurance Co. will go to nonprofit organizations benefiting …
Business interests are expected to appeal a recent ruling by a Florida circuit court judge that the state’s workers’ compensation law is unconstitutional because it no longer provides adequate benefits to injured workers giving up their right to sue. Florida …
In Kentucky, workers’ compensation loss costs used by insurers in figuring rates to charge employers will decrease for the ninth straight year. Kentucky Insurance Commissioner Sharon P. Clark said that the Department of Insurance has approved the National Council on …
Urban areas in the southeastern United States will double in size by 2060 unless there are changes to land development, according to a study by the Department of Interior’s Southeast Climate Science Center and North Carolina State University. The predicted …
The commercial general liability (CGL) occurrence form policy is like a row of briefcases each filled with $1 million. Inscribed on the front of each briefcase is a year representing a specific annual policy period. Each briefcase has a combination …
The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported …
Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal channels.” Each policy resembles a …
There are some who believe medical marijuana and the workplace are a potent mix just waiting to be stirred as increasingly more states approve the herb and its derivatives for medicinal use. Not only are states approving the use of …
