Preliminary findings from asimulation project suggest that during Hurricane Katrina the 17th Street Canal levee in New Orleans may have slid on a layer of weak clay just beneath the peat that underlies the earthen structure. Researchers at Rensselaer Polytechnic …
Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that for calendar year 2005, the West, and particularly California, leads the nation in auto theft. All of the nation’s top 10 areas with the highest vehicle theft rates are in …
Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne, chairman, president and CEO of ISO. Coyne also cautioned the industry to …
Tort reforms are the best proven instrument for reducing medical liability insurance premium growth, according to a new study conducted by Stanford University Professor Daniel P. Kessler, JD, PhD, who also serves as a research associate for the National Bureau …
The Montana State Fund board of directors has decided to keep its headquarters and roughly 300 employees located in Helena. Miles City leaders asked the State Fund, which runs workers’ compensation insurance for the state, to consider a move to …
There are 6 steps: 1 — Application/Survey 2 — Confidentiality/Evaluation Waiver 3 — On-site Evaluation/Consultation 4 — Evaluation/Consultation Recommendation 5 — Best Practice Committee Review 6 — TMPAA Designation Only the program business functions of agencies are to be evaluated …
With more than 30 million Americans expected to hit the road this Memorial Day weekend Traverse City, Mich.-based the Hagerty Collector Network surveyed thousands of members nationwide to uncover America’s “Top 10 Driving Pet Peeves.” The results from Hagerty’s survey …
Hawaii is working to improve business conditions for insurers, brokers and agents, according to Jeffrey P. Schmidt, the state’s insurance commissioner. Schmidt recently addressed a crowd at the opening breakfast at the 80th annual meeting of the American Association of …
The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and fraud-fighting efforts are some forces …
Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors Group, who …
