Congressional consideration of renewing the federal terrorism risk insurance program poses a number of political and actuarial issues, while reserving actuaries continue to face significant challenges when dealing with large catastrophic events such as natural catastrophes, attendees of the Casualty …
California Gov. Arnold Schwarzenegger has signed legislation designed to strengthen flood protections in California and approved a bill that would ban smoking in vehicles carrying children. Meanwhile, he rejected a measure that would have required children younger than 8 years …
The U.S. Geological Survey’s National Earthquake Information Center says a minor earthquake was sensed near Baltimore, Md. NEIC Geologist Angel Gutierrez says preliminary estimates put the quake at a magnitude of 1.3. He says it hit about seven miles southwest …
Critics of a bill recently signed by Gov. Arnold Schwarzenegger say more than 760,000 California homeowners who buy earthquake insurance through a state-run authority could see their premiums rise . But the measure’s supporters say that without the legislation homeowners …
Erinn and Alton McCormick had no idea when they bought their California house in June that it sat directly beneath a weak hillside. Last week, they found it buried up to the roofline by a wall of earth and cracked …
Criminal activity in identity fraud touches more than a quarter of a million victims each year in Washington state, and “sucks” well more than $1 billion from the state’s economy, according to Seattle-based PEMCO Insurance. Fraud crimes account for losses …
California Gov. Arnold Schwarzenegger has signed insurance-related bills into law, including those affecting the California Earthquake Authority, excess investment and auto insurance licenses. Senate Bill 430 was signed on Oct. 5, designating $1.3 billion from participating insurers to fund the …
From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s fantastic, unbelievable. I get very excited when …
From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s fantastic, unbelievable. I get very excited when …
Insurance companies providing homeowners, business and other property insurance in New York State would be required to create a catastrophe reserve fund to help pay claims caused by hurricanes and other natural disasters under a new regulation proposed by Insurance …
