With a $2 billion state budget deficit looming, Arizona may become the first state in the country to abolish the anti-fraud unit of its Department of Insurance. Should Arizona do that, insurance rates in the state could well rise, warned …
Flooding beneath the damaged Howard Hanson Dam in Washington State could cause $30 billion, according to a new report from a Texas firm, First American Spatial Solutions. State estimates about the value of property that might be damaged in a …
The central Texas area of Austin-Round Rock is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) in which to live, ccording to the sixth annual Most Secure U.S. Places to Live rankings from Farmers …
Elderly Should Be Vigilant to Avoid Scams, California State Insurance Commissioner Poizner Warns. The warning comes on the heels of a $15,000 fine against Annuity Services Insurance Center for deceptive advertising practices targeting senior citizens in California. Poizner said seniors …
Five years since the December 2004 Sumatra Indonesia Tsunami k illed 230,000, the United States has acclerated preparation for a potential tsunami along the U.S. coastline and built partnerships for an international warning program, according to the National Oceanic and …
The Michigan Office of Financial and Insurance Regulation (OFIR) has ordered a Florida man who is not licensed to sell insurance in Michigan to stop all insurance related activity in that state. The OFIR says Richard Chengerian, through an advertisement …
“Since insurance rates were partially deregulated in 1995, the California workers’ compensation insurance market has been very volatile. For reasons that go beyond price deregulation, there have been dramatic swings in insurers’ underwriting profits and the share of coverage written …
Dallas-based The Republic Group (Republic) reports that A.M. Best Company has affirmed the rating of “A-” (Excellent) for each of the group’s companies. In addition to affirming the group’s current financial strength, A.M. Best assessed its outlook as “stable”. The …
XL Capital announced that Clayton S. Rose, a Professor of Management Practice at the Harvard Business School and a former executive of J.P. Morgan & Co., has joined the Company’s Board of Directors. While at J.P. Morgan, Rose headed each …
Des Moines, Iowa, has been named “America’s best city to do business,” according to an annual survey by MarketWatch. Des Moines beat cities such as Washington D.C., Omaha, Neb., and Minneapolis/St. Paul in the survey that compared economic strength and …
