ISO’s new coverage and exclusion options for commercial drones took effect this month in most ISO jurisdictions. The options were designed to provide insurers with tools to help develop insurance programs for businesses that may use drones. The new options, …
Longtime New York City subway cops have seen copper thefts before, but last week’s heist on a stretch of open-air tracks was particularly brazen: 500 feet of inch-thick cable stripped from the rails in the middle of the night. The …
Tiffany Way, with All Risks Ltd., has been installed as president of the Austin Association of Insurance Professionals. Other newly installed 2015/16 AAIP officers and directors are: President-Elect Janie Frias, Risk Placement Services Vice President Lauren Pearson, McGowan, Donnelly & …
Universal Insurance Holdings Inc. announced that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), and that UPCIC has subsequently written its first homeowners insurance policy …
A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit ratings to “bb+” from “bbb-” of Buckeye State Mutual Insurance Co. (Buckeye) of Piqua, Ohio, and its insurance affiliate: Home and Farm …
A final tally shows a tornado that struck the University of Wisconsin-Platteville campus nearly a year ago caused $18.6 million in damage. The school released the final damage numbers on June 2. The tornado hit the campus on June 16, …
Allied World North America has launched Allied World // FrameWRX, a prescriptive and proactive cyber risk management program designed to help companies to address their exposures. This new offering provides Allied World’s Privacy // 403 SRVS and Privacy // 403 …
A jury has awarded nearly $2.5 million to Waverly, Minn., dairy farmers who say stray voltage from their power company’s faulty equipment cut deeply into their production. After a long legal fight that included a ruling from the Minnesota Supreme …
Gov. Mary Fallin is seeking federal disaster funds for 13 more Oklahoma counties to help repair damage following flooding, tornadoes and severe storms in May. Fallin’s earlier request for federal aid has already been approved for individuals and business owners …
Blue Cross Blue Shield and Blue Care Network, which sell medical insurance to more than half of Michigan residents who buy their own coverage under the federal health care law, are seeking 2016 premium increases that average about 10 percent, …
