Louisiana insurance regulators should prevent homeowner insurance companies from raising rates and canceling policies so residents hit by hurricanes Katrina and Rita have coverage while they rebuild, an official of the Consumer Federation of America says. Bob Hunter, a former …
The Texas Insurance Professionals (PIA Texas) association reported that it has addressed a letter to Texas Gov. Rick Perry in support of the proposal that the state authorize the sale of $800 million in bonds in order to boost the …
The Galveston, Texas, school board voted to triple its insurance payments to keep up with higher rates for windstorm coverage. With hurricane season approaching, the coastal district will pay $1.3 million in premiums to cover about two-thirds of its assets. …
After the thousands of deaths and billions of dollars in damage from last year’s record hurricane season, emergency planners must “imagine the unimaginable” in preparing for a storms, South Carolina Gov. Mark Sanford warned this week. “We have been lulled …
Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following the recent publication of most companies 2005 preliminary earnings figures. He …
A news release from the Barbados Investment and Development Corporation (BIDC) highlights the island’s growing “reputation with investors as a prime business location,” as indicated by its burgeoning captive insurance industry. In addition to being a popular tourist destination [except, …
Aon said the results of a survey conducted at its 9th Latin American Energy Insurance Conference in Cancun, Mexico, indicated that a majority of participants expect insurance rates to soften for non-U.S. programs later in 2006. According to the survey, …
According to Aon’s first “Global Market Property Tracker” the “slide in international property insurance rates” appears to be continuing despite “a number of terrorism incidents around the world and the worst year on record for natural disasters.” The only exceptions …
A proxy statement issued by Allstate Corp. has shown that Chief Executive Edward Liddy’s compensation was cut by 10 percent in 2005, to $11.1 million, the second straight decrease. The Proxy statement is filed with SEC and includes an annual …
South Dakota’s Attorney General Larry Long is warning residents to be cautious when considering the purchase of a used car these days. That’s because vehicles damaged during the 2005 hurricane season might be making their way to the South Dakota …
