According to Rep. Leslie Waters, R-Pinellas, “the hurricane-party mentality in Florida is gone, replaced by hurricane stress.” “It’s important for homeowners to ‘harden’ their homes,” Waters recently told the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters. “If …
Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm, Pricewaterhouse Coopers. Judge Paul Barbadoro made the ruling …
California is considering imposing a law that would require drivers to keep both hands on the steering wheel — not on their cell phones — while driving. Sen. Joe Simitian, D-Palo Alto, introduced a measure to ban the use of …
Kentucky Employers’ Mutual Insurance has been named one of the top-10 Best Places to Work in Kentucky. Located in Lexington, KEMI is Kentucky’s leading provider of workers’ compensation insurance. The organization employees more than 200 insurance professionals who underwrite policies, …
Seattle-based Safeco plans to move its corporate headquarters to 1001 Fourth Avenue Plaza and its Northwest region office to the Second and Seneca building, both in downtown Seattle. Safeco entered a lease for approximately 284,000 square feet at 1001 Fourth …
Barbaro, the colt that was seriously injured during the Preakness two weeks after winning the Kentucky Derby, is insured. Owner Roy Jackson said the cost of the insurance jumped after Barbaro won the Florida and Kentucky Derby, but he is …
At the midpoint of 2006, many commercial insurers are generating exceptional earnings, according to an article published by Standard & Poor’s Ratings Services. The article, which is titled “U.S. Commercial Lines Midyear 2006 Outlook: Sector Enjoying Exceptional Earnings,” says these …
Maryland, seeking to address the higher costs of insurance for urban drivers, recently passed legislation to require insurers to regularly review their rating territories and streamline the process for protesting rates. But some other recommendations of a recent urban insurance …
Two more self-insured workers’ compensation groups in New York will close over the next several months, bringing the year’s tally to five, as officials continue to enforce stricter financial standards. The Retail & Wholesale Industry Worker Compensation Self-Insurance Trust, with …
The National Association of Insurance Commissioners adopted a revised resolution on catastrophic risk at its summer meeting in Washington D.C. “The resolution does a very good job of outlining many of the problems that we are currently facing,” said Donald …
