Illinois, Kansas, New Hampshire and Oregon will bring in the new year with new state laws aimed at cracking down on distracted driving, according to the Property Casualty Insurers Association of America (PCI). Of the four states with stronger laws …
According to the latest figures compiled by the Association of British Insurers (ABI), trade credit insurers paid out a record amount in claims in the third quarter of 2009. The total amount paid in claims was £125 million ($200 million), …
The Executive Committee and the Stamping Committee approved an increase in the stamping fee from 0.225 percent to 0.250 percent, effective Feb. 1, 2010, the Surplus Line Association of California announced. All new policies, renewal policies, and extension endorsements with …
Munich Re’s CEO Nikolaus von Bomhard issued a statement on the reinsurer’s web site that left no doubt concerning the disappointment he (and the Group) feel following the failure of the UN’s Copenhagen Climate Conference to achieve any major agreement. …
Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, just slightly more than a quarter (26.9 percent) predict a harder market will …
Swiss Re has concluded that, despite the unusually quiet 2009 hurricane season, “overall natural catastrophe losses have increased significantly over time and are expected to grow further. “The premium for our book of natural catastrophe covers reached $1.8 billion. Due …
A 55-year-old St. Paul man remains jailed after his 18th arrest on drunken driving charges. The Minnesota State Patrol said he crashed his car on Highway 61 and Interstate 494 in Newport around 6:30 p.m. last Thursday. Capt. Matt Langer …
Alabama Gov. Bob Riley is crediting state efforts for driving down the number of highway deaths in Alabama. Officials are anticipating a 35 percent decrease since 2006 in the number of state trooper-investigated highway deaths in the state. Riley says …
Few Nebraska lawmakers participating in an Associated Press survey say they support legislation making liquor license holders liable for serving intoxicated customers who leave their establishments and hurt themselves or others. But one lawmaker has plans to introduce a proposal …
Sugarland, Texas-based Imperial Sugar Co. has settled the property insurance claim for the February 2008 industrial explosion at its Port Wentworth, Georgia refinery for an aggregate of $345 million. A final $45 million payment on the claim is expected to …
