Scientists show that hurricane storm surges in the Chesapeake Bay could get dramatically worse than the flooding caused by Tropical Storm Isabel in 2003. Under some conditions, the researchers found, a Category 4 hurricane could produce storm surges as high …
Protecting the consumer is the number one priority in a product recall. The challenge is, can you do so without crippling your business? For large and small consumer goods manufacturers and distributors, recalls can cost millions of dollars in product …
Factors affecting a company’s vulnerability to accidental or deliberate contamination fall into several categories. Some of these categories are certainly more controllable and lend themselves to internal procedures to minimize the exposure. Others may be largely outside a company’s direct …
No social security card? No job. No pictures or videos of household goods? Try getting the insurance company to pay. No cash or credit cards? Good luck getting a hotel room. Retrieving important personal documents may not be the first …
A rapid 25 percent cash buildup for the Florida Hurricane Catastrophe Fund and the establishment of a hurricane mitigation endowment fund to allow homeowners to obtain no-interest loans to implement hurricane mitigation measures are two features of House Bill 7225, …
Programs for modifying environments where alcohol is served, including bars and liquor stores, do not help reduce alcohol-related injuries, according to a new review of controlled studies. “There is no reliable evidence that interventions in the alcohol server setting are …
Dorance Dean Bolton, founder of Pasadena, Calif.-based Bolton & Company Insurance Brokers, passed away on April 21, 2006, at the age of 96. Bolton was a pioneer Southern California insurance broker and was a founding governor of what is now …
U.S. property/casualty insurers are expected to pay an estimated $1.38 billion to homeowners and businesses in insured property losses from seven catastrophe events in first-quarter 2006, according to preliminary analysis by Insurance Services Office’s Property Claim Services (PCS) unit. PCS …
Insurance agents have succeeded in removing from the New York State budget a provision to substantially boost fines against insurance professionals. The proposal would have increased fines from $1,000 for the first violation and $2,500 for each subsequent violation to …
Lexington Insurance Group, the largest U.S.-based surplus insurance company, said it is assuming this year will look more like 2004 than 2005 as it goes about deciding where and what properties to write at what prices and terms. In 2004, …
