On Monday, Nov. 24, the residents and business community of Watauga County will be able to review and ask questions about preliminary copies of newly updated flood insurance rate maps for the county which drains into the New and Yadkin …
The 2008 hurricane season came very close to presenting, on a large scale, the potential quandary caused by successive losses. On Sept.1, 2008, Hurricane Gustav came ashore and caused substantial damage from the Louisiana coast on inland, although not to …
New York-based Navigators Group hired Paul Hennessy as president of Navigators Holdings (UK) Ltd. He will be responsible for Navigators’ operations in Europe, the Middle East and Asia, and will report to President and CEO Stan Galanski. Hennessy has more …
Wind Pool Modernization, Better Building Code Enforcement and Carrier Recruitment Efforts Begin to Pay Off Back in January, when Mike Chaney was getting ready to be sworn in as Mississippi insurance commissioner after his November victory at the polls, he …
Plans to change the flood zone maps in Springfield, Mo. have several residents upset that they will have to buy flood insurance for property that they say has never flooded. More than 100 homeowners attended a meeting on Oct. 31 …
Hurricane Ike, which swamped Galveston in September and forced hundreds of students off the island, is now drying up revenue sources for public, private and charter schools, some of which may close. State funding for public and charter schools, based …
Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers’ compensation …
California-based Risk Management Solutions (RMS) updated its estimate for U.S. onshore and offshore insured losses from Hurricane Ike to $13 billion to $21 billion, of which $10 billion to – $15 billion is estimated for wind and storm surge in …
The National Flood Insurance Program (NFIP) is in debt to the American tax payer to the tune of $18 billion. Congress is considering forgiving the debt and they approved a six-month program extension to discuss this option. Forgiving the debt, …
Flood insurance policies are about to expire for nearly 36,300 Louisiana homeowners affected by hurricanes Katrina and Rita. The federal government bought policies for those homeowners after the 2005 storms. The Federal Emergency Management Agency says the existing group policy …
