A small earthquake and two aftershocks rumbled parts of Pittsburg County, Okla., on Sunday, May 27, the Oklahoma Geological Survey reported. The earthquake happened about 4 p.m. and measured 3.2 on the Richter scale, said Jim Lawson, chief geophysicist at …
A minor earthquake shook parts of South Carolina’s Richland Count on last Thursday, emergency management officials said. Earthquake sensors in South Carolina pegged the quake at a magnitude 2.4, according to the U.S. Geological Survey. “At that magnitude, it should …
Democratic presidential candidate Sen. Hillary Rodham Clinton, D-N.Y., campaigning in Florida, said this week the federal government needs to do more to prepare for disasters and that she favors the creation of a national insurance backup fund. Clinton said Monday …
The brokerage division of AmWINS Group, Inc., plans to open a Birmingham, Alabama office. AmWINS has hired Jeffrey McNatt to open and run the new entity, which will be called AmWINS Brokerage of Alabama, LLC. “Expanding our operations into Birmingham …
Boston-based AIR Worldwide Corporation announced that it will be collaborating with the Beijing Institute of Architectural Design (BIAD) in an effort “to better understand the vulnerability of buildings in China.” BIAD, a leading design firm in China, has researched and …
Risk managers report total cost of risk continues downward trend The commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according to the 2006 Annual Benchmark Survey book …
Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other precautions. The inspections have angered homeowners and watchdog groups …
Washington, D.C., is a bit bluer these days than it was about a year ago. The Democratic color means both challenges and opportunities for independent agents and the insurance industry, says Independent Insurance and Brokers of America’s CEO Bob Rusbuldt, …
IIABA’s leader Bob Rusbuldt hopes Congress does nothing, except on TRIA Insurance Journal’s Andrew Simpson, at the IIABA’s National Legislative Conference and Convention in Washington, D.C., in April, Rusbuldt also discussed politics, government involvement in the insurance business and the …
The commercial insurance industry continued to experience an overall decline in total cost of risk in 2006 despite coastal property premium hikes, according to the 2006 Annual Benchmark Survey book from the Risk and Insurance Management Society (RIMS). The average …
