Alabama homeowners insured by the state’s property insurer of last resort are paying less after the insurer implemented its first rate decrease in three years. The Alabama Insurance Underwriting Association last month called for an average 6.2 percent rate cut, …
Kevin Walker will be the new chief financial officer and a member of the board of directors of Fireman’s Fund Insurance Co. He assumes the post on Monday. Walker, who will oversee financial functions at Fireman’s Fund, was most recently …
The Mohave County Board of Supervisors in Arizona is looking ahead to flash floods and the destruction they can cause. On Monday the board handed out $4.8 million for flood-control projects in communities throughout Mohave County. Mark Clark, Lake Havasu …
Property/casualty insurance analytics provider ISO and Willis Re, the reinsurance broking arm of Willis Group Holdings, the global insurance broker, have formed a joint marketing relationship for ISO Risk Analyzer products in the United States. Effective immediately, Willis Re will …
Global insurance loss adjuster McLarens Young International is merging with aviation loss adjuster Airclaims of the United Kingdom. While both companies will continue to operate under their own brands, Airclaims will become a fully owned entity operating within the McLarens …
Business Risk Partners has launched a new standard E&O (errors & omissions) policy form for home inspectors. The policy, underwritten by Lloyd’s of London, reflects improvements across the board as a result of emerging exposures and market demand. In addition, …
Nine Amish men in Kentucky who refused to display an orange reflective triangle on their horse-drawn buggies have been ordered to jail for not paying court-imposed fines. The men belong to the ultraconservative Old Order Swartzentruber Amish sect in western …
Federal flood insurance has already paid out $43 million to help policyholders deal with the damage caused by flooding along the Missouri River even though the floodwaters haven’t fully receded. The Federal Emergency Management Agency said those payments went to …
Swett & Crawford has opened a satellite office in Redondo Beach, Calif. The office will be led by Brian Vassallo, who is joining the firm as a vice president. Vassallo, who has a decade of experience in wholesale insurance brokerage, …
An industry group says insured losses from a week of Texas wildfires could reach $250 million. The Insurance Council of Texas offered the estimate for the more than 180 wildfires reported statewide since Labor Day weekend. The organization said insured …
