The White House told Congress last week there’s a need for more than $5 billion in additional disaster relief money, not even counting the billions that probably will be called for to help East Coast states hit by Hurricane Irene. …
The U.S. Federal Housing Finance Agency said Tuesday it decided to file lawsuits against 17 financial institutions last week because the firms misrepresented the mortgages in securities filings. “At the heart of the suits is FHFA’s conclusion that the actual …
Driving along the back roads of Bertie County, it’s hard sometimes to tell one disaster’s damage from another. That huge old tree, its limbs chopped and stacked after falling across a road, was definitely toppled by Hurricane Irene. But what …
The California State Legislature on Tuesday passed a bill that California Insurance Commissioner Dave Jones said will make workers’ compensation policies more transparent and fair. The measure, Senate Bill 684, provides that employers must be notified in writing and allowed …
A Southern California city has been told that it could lose its insurance if city officials and staff don’t start getting their act together soon. That was the warning from the California Joint Powers Insurance Authority, an insurance pool for …
New York and New Jersey regulators said recently that hurricane deductibles should not apply on homeowners’ insurance policies for Irene damages in their states. That’s because Irene was downgraded and designated as a tropical storm, not a hurricane, when it …
All 21 counties in New Jersey have been declared major disaster areas following Hurricane Irene. The designation allows those not eligible for insurance coverage to receive federal funding for repairs and temporary housing. It also allows for federal help with …
Vermont communities recovering from Tropical Storm Irene are seeking donations to help urgent family housing needs. Until state and federal money is available, officials in Waterbury say donations would help solve some housing problems. Several donation funds are available, such …
Geof McKernan, CEO of Philadelphia-based NSM Insurance Group, announced the acquisition of AFPD, a national program administrator for Lawyers and Dentist E&O programs, headquartered on Long Island, NY. AFPD is a program administrator for lawyer’s and dentist’s professional liability programs …
Travelers UK branch announced that David Sawyer has been appointed Assistant General Manager responsible for the management of the professional indemnity portfolio for Travelers Insurance Company Ltd. He joins Travelers from QBE where he was Portfolio Manager within the Professional …
