Standard & Poor’s Ratings Services said it continues to view terrorism risk as a critical component in its assessment of an insurer’s financial strength, more than 10 years after the events of Sept. 11, 2001. In a report titled, “Ten …
The Federal Emergency Management Agency (FEMA) is supporting amending federal law to allow tribal governments to make disaster declaration requests directly to the president. FEMA Administrator Craig Fugate announced the administration’s support for this change, which would require Congressional action, …
The U.S. Senate passed an extension of the National Flood Insurance Program (NFIP) through May 31, 2012. The legislation, introduced by Sen. David Vitter, R-La., passed the Senate by unanimous consent and must now be taken up by the House …
One way to help lower personal and business cyber risk is to avoid using easy-to-crack passwords. SplashData, a password management application maker, recently compiled a list of the 25 worst passwords for the year 2011. The research results were based …
Crump Insurance Services has launched personal guarantee insurance for business owners putting up their own personal assets against business loans. The product was built for small to medium-size businesses. The company will cover all types of industries, but Crump specifically …
Property/casualty insurers lost 900 jobs overall in October, according to latest government data. But insurers in other segments did better. Life insurer employment was up by 1,400. Employment at medical expense insurers was up 1,600. Reinsurer employment was unchanged. The …
Stephen V. Festa, senior vice president and chief claims officer for Employers Insurance Company has been named vice chair to the board of governors of the California Insurance Guarantee Association (CIGA), a body that pays the claims of insolvent property …
The U.S. Department of Agriculture’s Risk Management Agency on Wednesday announced a new pilot insurance program for table and oil olives in 12 California counties beginning with the 2012 crop year. The sales closing date is Jan. 31, 2012. The …
Statewide Insurance Brokers, a provider of contractors insurance for general liability, workers compensation, commercial vehicle coverage and bonds, has expanded its contractor insurance services into Washington. The Pasadena, Calif.-based company has operated for more than 16 years in seven states, …
The Strategic Insurance Agency Alliance (SIAA) added six new member agencies in the East region in November. The new member agencies are: The Highbeam Group of Cherry Hill, N.J.; Geraci Agency of Clinton Corners, N.Y.; ENV Property & Casualty of …
