Hawaii News

Some Scientists Defend Tsunami Warnings

The warning was ominous, its predictions dire: Oceanographers issued a bulletin telling Hawaii and other Pacific islands that a killer wave was heading their way with terrifying force and that “urgent action should be taken to protect lives and property.” …

‘Great Earthquake’ Strikes Chile; 700 Dead; 2 Million Affected

One of the strongest earthquakes ever recorded struck the central coast of Chile early Saturday morning, February 27. The U.S. Geological Survey (USGS) measured the magnitude at 8.8 with severe “shaking intensity” extending nearly 500 kms (app. 300 miles) from …

Zurich Names Two Regional Managers for Commercial Environmental Business

Zurich named two new regional managers for its North American Environmental team: Richard Calvert has been named manager for the South Central region, and Warren Puffer is the new manager for the Northwest region. Calvert, who prior to joining Zurich …

Hawaii Senate Committee OKs Using Hurricane Relief Fund to End Furloughs

Hawaii’s Senate Ways and Means Committee has advanced a bill that would use money from the state’s Hurricane Relief Fund to end school furlough days. Senate Bill 2124notes that reductions and restrictions to the Department of Education’s operating budget of …

One Person’s View: 7 Wonders of P/C Insurance History

What events have shaped the modern insurance landscape? Which ideas, innovations and accidents stand out as landmarks in the development and growth of this most important industry known as insurance? Following is one person’s opinion of the seven wonders of …

Idaho Home Insurance Costs Lowest in Nation

Idaho homeowner insurance is the least costly in the nation, averaging $422 per year, according to a nationwide survey. This compares to an average $822 countrywide. The Gem State also had among the lowest average rates for renters insurance, at …

Private Crop Insurers Oppose Funding Cuts

The private crop insurance industry is blasting a proposed restructuring in the crop insurance program it says would cut $4 billion — or $800 million a year — over the next five years. The proposal by the U.S. Department of …

Hawaii Could Tap Hurricane Fund to Fund School Education

Hawaii is closer to tapping its Hurricane Relief Fund to help balance the state budget and resolve teacher furloughs, as a legislative committee advanced a bill that would appropriate $50 million from the fund. Senate Bill 2124, which is now …

M&A Activity at Decade Lows

Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and political dynamics would impact and …

New Markets

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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …