Tropical Storm Karen was downgraded to a depression and storm warnings were discontinued Saturday night as the weather system churned in the Gulf of Mexico before heading toward landfall in northern Florida. Karen’s sustained winds fell to 35 miles (55 …
Lloyd’s CEO Richard Ward is stepping down from the post at the end of the year. Despite the catastrophes of 2005 and 2011, the two costliest years in the industry’s history, as well as the financial crisis, he leaves Lloyd’s …
A businessman accused of insuring golf tournament hole-in-one prizes then failing to pay plead guilty in a Washington court to two counts of selling insurance without a license and one count of first-degree theft. Kevin Kolenda, 55, of Norwalk, Conn., …
State lawmakers and representatives from health insurance marketplace navigator organizations are questioning both the timing of an effort by Texas regulators to craft rules regarding navigators and the need for rules that go beyond those already in place on the …
New York State is second in the nation, only behind California, for questionable workers’ compensation insurance claims. The Empire State jumped to the second place in 2012 from fifth in 2011, the New York Insurance Association noted. “Workers compensation insurance …
The difficulty many businesses had reopening after Superstorm Sandy is a reminder of the importance of having a disaster recovery plan and the right type and amount of insurance, according to the Insurance Information Institute (I.I.I.). The I.I.I. notes that …
Forecasters are warning of an onset of gusty, dry conditions that will dramatically raise fire danger in large swaths of California as surface high pressure builds into the Pacific Northwest. In Southern California, the National Weather Service has predicted a …
The New Jersey Department of Banking and Insurance recently announced a new data call request to the insurance industry to evaluate Superstorm Sandy-related claims and monitor market conditions for property/casualty insurance in the state. The state’s Department of Banking and …
Coloradans are debating whether rivers that strayed as much as three-quarters of a mile in last month’s floods can or should be moved back to their old channels. Irrigation companies that pull water from rivers for farmers to use on …
Stockton, Calif. and Assured Guaranty have reached an agreement to restructure more than $150 million of outstanding debt to help the city exit from bankruptcy, a top city official and the bond insurer said. Under the terms of the agreement, …
