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Indiana State Fair Board Hires Risk Assessment Firm

The Indiana State Fair has hired a risk assessment firm in the wake of last month’s deadly stage collapse at the fairgrounds. State Fair Board Executive Director Cindy Hoye said that Venue Solutions Group has been hired to improve the …

President Obama Signs Disaster Aid for Texas Wildfires

President Barack Obama has signed a federal disaster declaration for Texas in the wake of wildfires in the state. The move allows federal funding to be made available to individuals in Bastrop County in the central part of the state. …

String of Wildfires Takes Toll on Texas Firefighters

The flames of the massive wildfire that had swallowed nearly 1,400 homes in Central Texas had been tamed, but Webster Fire Chief Patrick Shipp and his crew — veterans of a fire season pushing his team to the limit — …

Reinsurance Rendezvous Kicks Off in Monte Carlo

You could hold it in New York, or London, or practically anywhere, but it wouldn’t be the same. The annual Reinsurance Rendezvous in Monte Carlo, which translates as Charles’ Hill, in Monaco is a unique event. It brings together not …

The Hartford Warns Q3 Disaster Losses Up Due to Irene

Insurer Hartford Financial Services Group warned Monday that its third-quarter catastrophe losses would be substantially higher than a year earlier, mostly as a result of last month’s Hurricane Irene. The Hartford, in a slide presentation for a Barclays Capital conference, …

Keystone Insurers Adds New Partner in Tennessee

Holman & Holman Agency of Springfield, Tenn., has become Keystone Insurers Group’s eighth franchise partner in Tennessee, bringing the total franchise count to 223 across the seven states in which Keystone conducts business. The Springfield, Tennessee-based Holman & Holman was …

Sallie Mae Exec Joins Next Generation Insurance

Next Generation Insurance Group, a specialty agency with offices in Boston and Phoenix that focuses on the collegiate and young adult markets, has appointed Dennis Wentworth as senior vice president. He will be responsible for college and university relations. Wentworth …

Reinsurers Eye Innovation As Prices Disappoint

Catastrophe claims totaling $70 billion have failed to generate a hoped-for upturn in reinsurance prices, putting the industry under pressure to specialize and develop new products to generate growth. Reinsurance policy prices look set to stay broadly flat when customers …

HBSC Selling Non-Life Insurance Business: Reuters

HSBC Holdings Plc has launched the sale of its non-life insurance business, sources told Reuters on Monday, a global division worth about $1 billion and now part of the bank’s plan to strip away non-core units. HSBC, Europe’s biggest bank …

Michigan Begins Debate Over Personal Injury Auto Insurance Benefits

The state Legislature is preparing to begin debate on possible changes to Michigan’s unique auto insurance coverage for people injured in accidents. Michigan now is the only state in the nation that mandates unlimited medical benefit coverage for people seriously …

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