ACE UK has launched Environmental Protect, a policy offering coverage for both small to medium-sized companies and multinational operations. The new policy comes as submissions from regional and London market brokers across a range of risks continue to increase. ACE …
Capacity returned in force to the global reinsurance market in 2009, as solid earnings helped to propel capital upward by 24 percent from the previous year, despite a softening market. Recovering from harsh blows delivered by the global financial crisis …
New York-based Privilege Underwriters Reciprocal Exchange (PURE) said it would begin offering personal lines coverage to owners of high-value homes in Maryland and Washington D.C.. The company, a member- owned reciprocal insurer, said it will also offer automobile, jewelry, art, …
Workers’ compensation reforms enacted in Tennessee in 2004 have helped reduce costs in certain specific areas of the workers’ compensation system. The reform provisions related to permanent partial disability (PPD) or lump-sum payments had a large and sustained impact on …
Florida Insurance Commissioner Kevin McCarty sent a letter to the state’s media outlets on April 9 regarding the current property insurance system and what should be done to improve it. In it, he says the exodus of national carriers from …
A woman who says she was beaten at 50 Cent’s Connecticut mansion has been awarded more than $30,000 in her lawsuit against a member of the rapper’s entourage. A Waterbury Superior Court judge ruled Thursday in favor of 24-year-old Shana …
The Connecticut Insurance Department has fined four GEICO subsidiaries a total of $177,500 for improper rating, claim delays and the use of unlicensed adjusters among other violations. The total fine is a result of smaller fines assessed to four subsidiary …
Representative of two Tennessee companies accused by authorities of selling phony medical insurance policies to thousands of people nationwide said Tuesday that they are not to blame for piles of unpaid medical bills. State officials filed a lawsuit against the …
Amid wind-whipped exhaust fumes and an early March cold front, Connecticut insurance agent Michael Gergler ducks inside the lobby of the Wardman Park hotel in Washington, D.C. and surveys the lobby where roughly 150 other insurance agents have gathered. It’s …
The Northeast is seeing more frequent “extreme precipitation events” in line with global warming predictions, a study shows, including storms like the recent fierce rains whose floodwaters swallowed neighborhoods and businesses across New England. The study does not link last …
