Evergreen Insurance Managers Inc. of Beaverton, Ore., announced the purchase of a Penn-America Insurance Co., Penn-Star Insurance Co., United National Insurance Co. book of business, and certain brokerage accounts from Intercontinental Insurance Services Inc. of Seattle, Wash., effective March 1, …
The Indiana House has passed legislation that would repeal an increase on taxes that employers pay into the state’s unemployment insurance fund, which is deeply in debt to the federal government. The Democratic-controlled chamber voted 90-5 to repeal the tax …
Employers Holdings Inc. reported fourth quarter 2009 net income of $11.3 million compared with $15.9 million in the same period in 2008, a decrease of $4.6 million. Pre-tax income in the fourth quarter increased $13.8 million in 2009, compared to …
The Florida Hurricane Catastrophe Fund needs $710 million to continue to pay claims still coming in from 2005’s Hurricane Wilma but it is going to have to wait to assess policyholders to get those funds. The Florida Cabinet yesterday indicated …
The pace of global warming continues unabated, scientists said on Thursday, despite images of Europe crippled by a deep freeze and parts of the United States blasted by blizzards. The bitter cold, with more intense winter weather forecast for March …
The Insurance Agents & Brokers of America (IIABA or the Big “I”) announced that Patricia Ann Daniel of Extraco Insurance in Waco, Texas, has been named Accredited Customer Service Representative (ACSR) of the year. The ACSR program is a joint …
“A new wave of hacker attacks is breaching corporate and outsourced information systems with one information security firm recently detailing coordinated hacker attacks on 2,400 companies and government agencies during the past 18 months,” says a bulletin from Lockton’s London …
Responding to the recent filing of House Bill 2662 and Senate Bill 2232 in Oklahoma, CompSource Oklahoma, the state’s workers’ compensation fund, opposes both bills, which call for the sale of CompSource to the highest bidder. CompSource Oklahoma outlined the …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Caribbean Institute of Meteorology and Hydrology (CIMH) are launching their Regional Rainfall Model today, February 25, at CIMH headquarters in Husbands, Barbados. The bulletin explained that this “synthetic rainfall generation model …
Texas in 2009 experienced weather catastrophes amounting to more insured losses than any other state. Last year, Texas experienced 10 weather catastrophes that caused nearly $2.5 billion in losses. The next nearest state in insured losses was Colorado with $1.3 …
