A bulletin from Risk Management Solutions notes that the fourth quarter of 2009 was the “most active… ever for catastrophe bond issuance, reaching almost $1.1 billion in total volume, eclipsing the previous best fourth quarter by over 75 percent.” RMS …
The New Orleans metro area tied for the lowest unemployment rate among the nation’s largest metropolitan areas, according to a report released by the federal Bureau of Labor Statistics. The Louisiana Workforce Commission reported that the unemployment rate for the …
Some families in Virginia whose homes were built with suspect drywall from China may be eligible for assistance to help rehabilitate their properties. To qualify, families must have insurance through the Federal Housing Administration. Charles Famuliner, director of the U.S. …
Ohio Department of Insurance Director Mary Jo Hudson has suspended the business of Chesapeake Life Insurance Company (Chesapeake) in Ohio for failure to file premium rates and forms for open enrollment coverage in accordance with and within the time period …
The National Hurricane Center said this week it will begin issuing storm watches and warnings about half a day sooner in the biggest change to its warning system in decades. When a storm is approaching land, forecasters will now send …
Californians can expect more tax increases and cuts in state services, but it’s unlikely that a sale of some of the state workers’ compensation insurer’s assets will be used to shore-up the budget. In his State of the State 2010 …
Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes, according to a new compensation study. Four out of 10 insurance companies plan to modify their agent compensation plans in 2010 by …
All 1,327 insurance companies licensed in California have responded to California Insurance Commissioner Steve Poizner’s request to provide data on their investments with companies doing business with Iran’s nuclear, energy and defense sectors. Previously, the Commissioner’s office was waiting for …
Workplace discrimination charges rose in 2009, reaching the second highest level ever recorded, according to federal officials. The U.S. Equal Employment Opportunity Commission reports that 93,277 workplace discrimination charges were filed with the federal agency nationwide during fiscal year 2009 …
Foremost Insurance Group is offering a new auto insurance program in Maryland that includes increased limit and deductible options. The new program, called DistinctChoice Auto, includes multi-policy discounts (Farmers, Foremost and Zurich Small Business policies qualify) and optional dynamite deductible …
