Catastrophes? Climate change? Terrorism? Are these the biggest insurance risks? Not according to insurance executives attending Standard & Poor’s Ratings Services insurance conference in New York, who poinnted to irresponsible competition as the single biggest risk impacting the insurance industry. …
At the Big “I” National Legislative Conference and Convention, panelists differed over a federal natural disaster backstop: “Allstate supports state pools that aren’t taxpayer funded but are put together by organizations whose welfare depends on good real estate markets,” said …
Despite knowing that driving and talking on a cell phone at the same time is dangerous, and that it is safer to use a hands-free device to hold the cell phone, a large majority of drivers with cell phones still …
Weather-related stressful events can cause harm to mental health Do earthquakes and hurricanes affect mental health? Florida State University sociologists in Tallahassee have found that some South Floridians who survived Hurricane Andrew suffered mental health problems many years later, a …
Question: What is the specific impact of the 2005 catastrophes on the Midwest? McRaith: There are three identifiable impacts on Midwestern residents. First, since the cost of reinsurance has gone up so significantly because of these catastrophes that cost is …
The Delaware Supreme Court upheld a lower court ruling that directors of the Walt Disney Co. did not violate their fiduciary duties in the hiring and firing of former Hollywood superagent Michael Ovitz. In affirming a 174-page ruling last year …
Last year’s Katrina-Rita disasters left behind many obstacles to recovery for businesses and with the start of another hurricane season, companies need to prepare for a another wave of predicted natural catastrophes, according to Dallas-based Haynes and Boone LLP Insurance …
The rural Stanislaus County community that’s grabbed unwanted headlines as home of convicted killer Scott Peterson and former U.S. Rep. Gary Condit now has another unflattering distinction: The nation’s car theft capital for the third year in a row. Modesto …
State Farm Insurance recently submitted several filings to the Texas Department of Insurance, aiming for a balance with rate adjustments that include a reduction auto rates but an increase in homeowners premiums. The company also is offering a bigger discount …
California State Treasurer Phil Angelides defeated Controller Steve Westly in a bitter primary election battle to be the Democratic Party’s gubernatorial candidate. Angelides had 48 percent of the vote, to Westly’s 43.3 percent, according to Secretary of State Bruce McPherson’s …
