News

FEMA Denies Virginia Earthquake Disaster Aid

The Federal Emergency Management Agency has denied Virginia’s request for aid for individuals whose property was damaged by the Aug. 23 earthquake. Gov. Bob McDonnell announced the agency’s decision last Friday. He said he’s disappointed and will immediately appeal. The …

New York-based Utica National Appoints Cox as Chief Financial Officer

Utica National Insurance Group in New Hartford, New York, has appointed industry veteran Raymond Cox as senior vice president, chief financial officer and treasurer. Cox comes to Utica National Insurance from Munich Reinsurance America in Princeton, New Jersey, where he …

N.J.-based Selective Insurance Reports $70M in Q3 Cat Losses

Branchville, N.J.-based Selective Insurance Group reported on Tuesday, Oct. 11, pre-tax catastrophe losses for the third quarter of around $70 million, or 20 points on the combined ratio. The loss estimate is net of reinsurance recoveries and inclusive of reinstatement …

Insurer PURE Adds Midwest States and Wyoming

Privilege Underwriters Reciprocal Exchange (PURE), a member of the PURE Group of Insurance Companies, announced it is expanding into several new states, including Missouri, Indiana and Wyoming. PURE and the PURE Group of Insurance Companies serve more than 11,000 members …

Iowan Hurt When Pumpkin Crashes Through Windshield

A motorist was injured by a pumpkin that crashed through her windshield after it fell from or was dropped off an overpass north of Cedar Rapids. Cedar Rapids television station KCRG reports that the incident occurred on Interstate 380 a …

Tornado Damages Homes, Post Office in San Antonio

A small tornado touched down in San Antonio early on Oct. 9, damaging several homes and a post office. The overnight storm dumped more than 3 inches of rain on the city and left thousands without power, the San Antonio …

California Fund Proposes Insurance to Stimulate Clean Energy Investments

Finding the capital to get a new power plant in the ground is no small task for any company, but for developers aiming to use emerging clean energy technologies, the challenges are even greater. A California clean energy fund, CalCEF, …

Analysis: Health Care Tops 2012 Debate in Arkansas

Democrats in Arkansas next year can’t escape the debate over the health care overhaul. They can at least try to change the conversation in their favor. The dispute between Democratic Gov. Mike Beebe’s administration and legislative Republicans over whether to …

Three Work Comp Safety Groups Earn Combined $848K in Texas Mutual Dividends

Texas Mutual Insurance Co. announced that three workers’ compensation safety groups have earned a combined $847,714 in dividends. The dividends were based largely on each group’s overall loss ratio. The largest dividend, $398,186, went to the Lone Star Auto Dealers …

Nine Texas Cities to Receive Smoke Alarms

Firefighters in nine Texas cities will be installing smoke alarms into the homes of low income and elderly residents thanks to this year’s We’re Out to Alarm Texas smoke alarm campaign. The program now in its seventh year has saved …

News Archives by Month