A small earthquake rattled the Midwest City, Okla., area Feb. 12, but no damage or injuries were reported, officials said. The magnitude 3.0 earthquake occurred at 12:33 p.m., 31/2 miles west of Midwest City, according to the U.S. Geological Survey …
International Insurance Brokers Ltd., headquartered in Tulsa, Okla., announced it has filed suit in the United States District Court for the Northern District of Oklahoma against TeamBank N.A., Team Financial Inc. and Mystic Capital Advisors Group LLC claiming damages for …
As we are well aware, flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. What many fail to realize, however, is that flood risk is not limited to …
D&O for Small Public Cos. Nuts & Bolts: The Chubb Group of Insurance Companies has introduced specialized directors and officers (D&O) liability insurance for publicly traded companies with market capitalizations of $100 million or less. These “micro-cap” coverage enhancements can …
After the Florida Legislature passed a bill that lawmakers say will address the state’s insurance problems, Gov. Charlie Crist and legislative leaders said their attention will be on pushing for a national catastrophe fund. Crist plans to lobby his peers …
Outgoing Colorado regulator comments on consumer choices, ethics In 2004 at the age of 34, David Rivera was appointed to be Colorado’s State Insurance Commissioner, the youngest insurance person to serve in that position. This January, newly elected Gov. Bill …
History of hostility “Am I going to be as hostile as the last guy? I’m going to fulfill my legal obligations to protect consumers.” — California Insurance Commissioner Steve Poizner, summing up an audience member’s question at the Insurance Brokers …
Hurricane Katrina and the New Orleans Flood was a wakeup call to the nation on the vulnerability of the nation’s levee systems. So after completing its notification of levee owners, the U.S. Army Corps of Engineers has released the locations …
One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their state insurance markets, as well as industry-wide concerns. Regulators …
Hail events remain a constant threat to property and casualty insurers. In 2005 alone, there were over 13,000 hail storms in the United States. According to Swiss RE, four out of the top 20 most costly insurance losses of 2005 …
