Vacation Income Property (VIP) Nuts & Bolts: Middle Oak is offering insurance designed exclusively for vacation income property. What is covered: homes, condos, short term or year round rentals, owner use, two nights, seasonal etc. In the name of a …
House panel votes to add wind to flood program Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted late …
The chairman of the U.S. House Financial Services committee promised to quickly take up a bill seeking to stabilize the property insurance market in disaster-prone areas. The bill, introduced last week and prepared by Democratic Florida Reps. Ron Klein and …
Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted late last month to add wind coverage to the National …
The country’s only dedicated center for natural disaster preparedness could be located at the University of Hawaii’s Manoa campus. Plans for the training center at the university were included in a conference report approved by the Senate in a 85-8 …
$5 million Amount the Oregon Department of Consumer and Business Services is fining nine insurers in the American International Group for numerous violations of Oregon insurance and workers’ compensation laws, some dating back to 1985. AIG companies have already shown …
Truckers, Motor Truck Cargo Nuts & Bolts: Frontline Underwriters Inc., an independently owned and operated wholesale MGA, specializes in the placement of motor truck cargo, and offers physical damage and truckers’ liability. Dollars: $10,000 to $250,000. p:Carrier: Rated “A” by …
Negotiations are continuing in the California insurance industry, as the state’s Earthquake Authority (CEA) continues to seek a way to make up the $2.183 billion first industry assessment layer available to pay claims following a major earthquake. At its recent …
For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated the insurance public policy debate on both the state and federal levels. …
The California Earthquake Authority (CEA) announced successful placement and approval of its reinsurance program for 2008 and submission of an application for a 3.5 percent base program rate increase. At its June Governing Board meeting, the CEA, unanimously approved reinsurance …
