U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the Property Claim Services (PCS) unit of Insurance Services Office include …
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 …
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 …
One account said that the tornado that hit Seneca, Mo., was a mile wide and traveled 60 miles on the ground before starting to dissipate. On May 4, 2008, the residents of Greensburg, Kan., remembered the anniversary of the tornado …
The Alabama Legislature has voted to raise the minimum amount of auto liability insurance that motorists must purchase. The current limits under Alabama’s mandatory insurance law are $20,000 for a single injury or death, $40,000 for multiple injuries or deaths, …
$1.5 Billion The Texas Windstorm Insurance Association is asking the Texas Department of Insurance for the go-ahead to purchase $1.5 billion in catastrophe reinsurance coverage over a retention of $600 million. TWIA is aiming to build up protection for $2.3 …
Storms have caused more than $3 billion in damages this year, insurance group says As the town of Picher, Okla., began to climb out of the wreckage of the deadly tornadoes that swept across Southeastern Oklahoma, Missouri and beyond over …
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 …
As the town of Picher, Okla., begins to climb out of the wreckage of the deadly tornado that swept across Southeastern Oklahoma and into Missouri and beyond over the May 10 weekend, some are predicting that the town may not …
With the Mississippi River receding at quick pace, officials opened the Steele Bayou flood control gates in Vicksburg May 8. That means water should also start receding from the 344,000 acres of flooded forest and farmland in the Yazoo River …
