A New York State assemblyman says he will introduce a bill to create a state-run flood insurance program designed to serve New York homeowners in flood-prone communities. Assemblyman Phillip Goldfeder (D-Queens) announced the plan on March 1 to introduce new …
Sandell Asset Management Corp., the activist hedge-fund firm run by Tom Sandell, started a Bermuda-based reinsurer to support its investing strategy. Sandell Re will rely on the hedge fund to oversee the reinsurer’s assets, the New York-based firm said Thursday …
New York City has issued more than 10,000 tickets this winter to property owners for failing to clear snow and ice from sidewalks. Under city law, businesses, homeowners and other property owners have four hours from the time the snow …
Authorities say no one was injured when a portion of the roof of Boston’s vacant Bayside Expo Center collapsed. The Boston Fire Department responded to the building at about 7:30 a.m. Wednesday. The roof section that collapsed was about 100 …
A top Federal Emergency Management Agency (FEMA) official has committed to taking aggressive steps to make sure victims of Superstorm Sandy get “every penny to which they’re entitled” from their national flood insurance claims, said U.S. Senator Robert Menendez (D-NJ). …
XL Group’s excess & surplus (E&S) insurance is adding primary auto capabilities to its product line and has added Andrew Miller as underwriting manager to lead this business. According to John Goodloe, president of XL Group’s E&S business, the company …
A state office that provides insurance plans for Louisiana’s state employees says personal information of some of its members was obtained by hackers who breached the online security of Anthem Inc. The Office of Group Benefits said about 2,700 of …
The Property Insurance Association of Louisiana says Lake Charles will maintain its Class 2 fire protection rating for the next few years. By keeping the Class 2 rating, which the city has maintained since the 1980s, residents won’t see a …
Missourians can now purchase sinkhole coverage through the FAIR Plan, the Missouri Department of Insurance reported. The plan started issuing the standalone Sinkhole Loss policy earlier this year to supplement an applicant’s primary coverage. Sinkholes are depressions or holes in …
Parents of a family that died when their Lexus sped up and crashed on a San Diego County, Calif. freeway have settled a lawsuit against the former car dealer. California Highway Patrol Officer Mark Saylor, his wife, brother-in-law and 13-year-old …
