Although professional boxing has taken it on the chin with declining public interest nationally, new types of organized fighting are getting attention at the North Carolina General Assembly as their popularity grows. “Many people say it’s legalized street fighting,” said …
The U.S. House of Representatives passed H.R. 1065, the Nonadmitted and Reinsurance Reform Act of 2007, legislation that if enacted, will help increase the efficiency of the existing state-based insurance regulatory system, supporters say. H.R. 1065 is virtually the same …
Six Flags and Cedar Fair shut down eight more thrill rides around North America on Friday after a teenage girl’s feet were sliced off during a ride in Kentucky. State inspectors were at the Six Flags Kentucky Kingdom to examine …
The New River Zoo, which had two animal biting incidents in the past year, can reopen after the owner doubles his insurance and seeks accreditation, North Carolina officials said. The Ashe County Board of Commissioners voted Monday to allow the …
XL Insurance, the global insurance operations of XL Capital Ltd., announced the opening of a new regional office in Houston. The new office will focus on providing XL Insurance clients, particularly marine and offshore energy businesses in the region, with …
New Jersey-based American Safety Insurance Services, Inc. said it has acquired a team of underwriters and entered the surplus lines property market, offering both monoline property and commercial multi-peril coverage. Targeted classes of business include habitational risks, such as apartments, …
California-based Legends Environmental Insurance Services has expanded its Wholesale Division with the hiring of John Rich as the new vice president of Wholesale Division. Rich has 26 years of commercial insurance experience and has gained a national reputation during the …
Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal windstorm and earthquake coverage for all classes of insureds, including schools, …
The rest of 2007 will continue to be a difficult time for developers and builders to secure builder’s risk insurance for their projects, according to experts at independent wholesale insurance broker Mercator Risk Services. This downturn has its origins in …
Houston-based Markel Global Marine & Energy Inc. (MGME) announced an expansion of product capabilities in its Onshore Energy Property Division. According to the announcement. the division immediately will begin writing all oil field contractors equipment (hot oil, coil tubing, swabbing, …
