Unfunded Mandates “Bear in mind, all of these regulatory efforts must be funded — at the expense of the states and at the expense of Main Street insurance agents.” —Kenneth R. Auerbach, president-elect of the National Association of Professional Insurance …
The U.S. Senate officially rejected a bid by Gulf state senators to add wind coverage to the financially strapped federal flood insurance program. Lawmakers from Louisiana and Mississippi cited problems that occurred after Hurricane Katrina and other big 2005 storms …
Some Alabama motorists may need to buy more auto liability insurance in a few months. Gov. Bob Riley said he intends to sign legislation raising Alabama’s minimum insurance requirements for the first time in 25 years. The Legislature approved a …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Pizza Delivery Program Market Detail: IPC offers hired and non-owned auto coverage for food delivery …
Complex Investigation “They’re going to treat it as suspicious until they find out it isn’t.” —Norwich, Connecticut Police Capt. Timothy Menard, commenting on the investigation into a massive fire at an apartment complex in the town. The blaze leveled a …
Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt rating to American International Group Inc.’s $5 billion of equity units. S&P also said it has “placed this rating on CreditWatch with negative implications because all other AIG …
Alabama Gov. Bob Riley joined state workers from the Alabama Department of Transportation, the Alabama Department of Public Safety, the Alabama Emergency Management Agency and the Alabama National Guard as they began a two-day training exercise in preparation for the …
Trapped in his car on the way to a friend’s wedding, Rick Rountree and his family never stood a chance once a tornado packing winds of 170 mph hit southwest Missouri. “It’s like taking a handful of Matchbox cars and …
An Aon Corp. analysis of liability in the long term care industry found for the first time in nine years of reporting that liability costs are stable on a national average basis. The study found that average general liability and …
The Alabama Legislature has passed a bill that will allow captive insurance companies to sell residential insurance along the Alabama coast. The House and Senate voted without dissent May 8 to give final approval to changes in the bill sponsored …
