With the exception of a few notorious hotspots, rates for stand-alone terrorism insurance have dropped by 40 to 50 percent since 2002, according to Aon’s Crisis Management division. The reductions have been driven by a steady growth in capacity coupled …
“If you can get away with making those kinds of allegations, and if nobody slaps you down, you are encouraged to do it again,” Bailey said. “I just wish someone would step up to the plate and say, look, I …
A recent survey conducted by California Small Business, San Francisco, found that most small businesses are still very concerned about workers’ compensation. In the survey, 83 percent of the respondents consider workers’ compensation a top or high priority issue for …
With record hurricane losses in back to back seasons, states along the U.S. Gulf Coast are aiming to boost reserves for their insurers of last resort through the issuance of catastrophe bonds. Louisiana is hard at work drumming up financial …
Darien, Ill.-based Insure.com has released its second-annual report naming the “Top 10 Least Expensive Autos to Insure” for 2006, along with its companion report, “The Top 10 Most Expensive Autos To Insure.” The top 10 least expensive vehicles for 2006, …
Most of the state’s home insurance companies posted big earnings in 2005, although nowhere near as high as 2004’s record profits, according to the Texas Department of Insurance’s financial reports. Texans pay the highest home insurance premiums in the country. …
Utah Insurance Commissioner Kent Michie has appointed two new directors, created a new division and combined two other divisions. “The main thrust of these changes has been to create a new Market Conduct Division,” reported Commissioner Michie. “This follows the …
Poe Financial Group has notified Florida agents for thousands of policyholders that its South-ern Family Insurance Company will no longer renew or insure new homeowner or commercial lines business. The company said its other insurance companies, Atlantic Preferred Insurance Company …
An earthen dam on Hawaii’s island of Kauai burst without warning on March 14. Three people have been confirmed dead, and four remain missing at press time, after two houses were swept away and the island’s main coastal highway was …
Florida Attorney General Charlie Crist has filed a civil complaint against Marsh & McLennan Companies Inc., alleging that the company illegally manipulated insurance markets to obtain improper commissions and engaged in bid-rigging. In a joint action, the Attorney General’s Office …
