Carvill Capital Markets recently listed named storm contracts on the Chicago Mercantile Exchange providing coverage for live hurricanes and for an entire hurricane season. Patrick Gonnelli, president of Carvill Capital Markets, said contracts are listed on the CME, allowing any …
When the next hurricane or earthquake hits Hawaii, government disaster responders will be able to talk to each other and share data over a robust, digital microwave radio system. Lt. Gov. James “Duke” Aiona and U.S. Coast Guard officials who …
An earthquake that shook much of the Midwest months ago is giving a Metro East, Ill. school district some financial aftershocks. Officials in East Alton say the April quake caused as much as $1.2 million in damage to the gymnasium …
The Coalition for Competitive Insurance Rates, which groups a number of organizations that oppose to the latest attempt to amend U.S. tax laws on foreign insurers, has issued a bulletin outlining the reasons why they oppose recently introduced legislation. They …
State emergency officials want South Carolina residents to be prepared in case a big earthquake hits the state. The state’s Emergency Management Division says the state’s first earthquake guide will be released in several coastal South Carolina newspapers. The guide …
As Losses Mount for Insurers, More Proposals for a National Solution Emerge Neither Gustav nor Ike walloped the property/casualty insurance industry the way Katrina did but there is still concern in insurance and reinsurance circles over the cumulative effect of …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …
The U.S. government is betting former Allstate chief Edward M. Liddy is the safest pair of hands to oversee the dismantling of American International Group Inc. and prevent further unraveling of the world’s stressed financial system. Liddy, 62, was the …
Los Angeles-based Heritage General Agency’s has a new HOA product for up to four units for small condominium associations. The non-admitted carrier is offering this as a package; however, it can be written on a stand alone basis. Coverage highlights …
Three months after devastating floods swept parts of the state, emergency officials urged Indiana residents on Friday, September 6 to take a lesson from that disaster and prepare now for the next natural or manmade calamity. June flooding that damaged …
