Canada’s banking regulator is urging insurers to sell catastrophe bonds for the first time to cut the risk of natural disasters, such as the record floods that inundated swathes of downtown Calgary in June. Climate changes are making weather-related losses …
Colorado residents and businesses face devastating water inundation that many are dubbing a one-in-500-years weather event. Early reports confirm nearly 2,400 square miles saturated with water causing massive dislocation and loss of life. As recovery efforts begin, some environmental groups …
California Insurance Commissioner Dave Jones named Eric Weirich deputy commissioner of the enforcement branch of the California Department of Insurance. Weirich began with CDI as a detective with the fraud division in 1998. He has held a range of posts, …
New Jersey Assemblyman Reed Gusciora (D-Mercer/Hunterdon) last week proposed a bill aimed at strengthening homeowners’ cases against their insurers in civil lawsuits. Assemblyman Gusciora said the bill (A-4382) would strengthen the cases of policyholders who sue their insurers in civil …
Panama City has spent tens of thousands of dollars removing dozens of derelict boats as it redevelops its waterfront. But one abandoned former luxury cruise liner is proving to be an especially difficult case. The News Herald of Panama City …
Somewhere out west in recent days, cross-country truck driver Warren Greeno passed the 4-million-mile mark without an accident. Arkansas-based Wal-Mart celebrated the achievement on Sept. 21 and Greeno didn’t have to drive in to join the party. “There was a …
The Federal Emergency Management Agency announced this week that it has approved more than $1 billion in assistance to individuals and families in New York whose property was damaged or destroyed by Superstorm Sandy. This includes more than $855 million …
The National Association of Mutual Insurance Companies (NAMIC) announced that two Northeast-based member companies, New Jersey Manufacturers Insurance Company and Everett Cash Mutual Insurance Company, will be joining NAMIC’s “Century Club” in recognition of their 100th anniversary. New Jersey Manufacturers …
Until recently, Bob Smith had never witnessed two simultaneous earthquake swarms in his 53 years of monitoring seismic activity in and around the Yellowstone Caldera. Now, Smith, a University of Utah geophysics professor, has seen three swarms at once. “It’s …
The number of work-related fatalities in 2012 in Louisiana declined to 106, according to a preliminary count by the U.S. Bureau of Labor Statistics Census of Fatal Occupational Injuries. This is down slightly from the revised figure of 111 deaths …
