The omnibus property insurance bill, SB2044, becomes law at the end of today, unless Florida Governor Charlie Crist vetoes it. Crist could sign the bill or just let it become law without his signature. But if he intends to stop …
Two workers injured when an oil rig exploded in the Gulf of Mexico told Congress that the companies in charge of the doomed drilling operation cut corners and neglected maintenance in a race toward higher profits. Oil has been spewing …
The National Flood Insurance Program (NFIP), which expired at midnight on May 31, is not expected to be able to issue new policies for a week or longer. As reported by Insurance Journal last Friday, Congress left town for the …
One worker is dead and another injured after two separate incidents at New York City construction sites last week. In Brooklyn, a construction worker at a building going up died after he lost his balance and fell about 50 feet. …
A Manhattan federal judge said on Tuesday that it was unfair to hold Moody’s Investors Service and Standard & Poor’s liable as “underwriters” on securities offerings needing their ratings, as he rejected fraud claims by investors on the safety of …
CNA Financial Corp. said it is taking over the underwriting and administration of the existing Not-for-Profit Directors & Officers (D&O) program formerly managed by Victor O. Schinnerer & Co. starting today. In January, CNA and Victor O. Schinnerer & Co., …
West Virginia Sen. Jay Rockefeller is urging President Barack Obama to make several mine safety improvements immediately. In a letter dated Sunday, Rockefeller told Obama he should consider several suggestions made by relatives of the men killed in the explosion …
Reinsurers transferred $2.35 billion in catastrophe risk to capital markets before the U.S. hurricane season that began Tuesday, higher than the $1.4 billion last year, as the catastrophe bond sector starts to resume normal issuance after the global financial crisis. …
Utah Governor Gary R. Herbert has appointed Neal T. Gooch as Commissioner of the Utah Insurance Department. Gooch was appointed acting Insurance Commissioner in January, and previously served as deputy insurance commissioner since 1997. The Governor’s appointment was confirmed by …
A prominent organ-transplant hospital in New York wasn’t to blame for the death of a Singapore-born man who became riddled with cancer after getting a kidney from a donor who unknowingly had uterine cancer, jurors found Friday. The Queens jury …
