Sales of federal flood insurance rose sharply across the country last year after homeowners witnessed the devastation wrought by Hurricane Katrina and realized that typical insurance policies didn’t cover many victims’ losses. From November 2005 to November of last year, …
Nearly 16,000 pounds of beef and buffalo sausage marketed as Maverick Sausage have been recalled from stores in 18 states, including Michigan, because of possible contamination with the bacterium Listeria monocytogenes. The U.S. Agriculture Department’s Food and Safety Inspection Service …
Commercial Property Managers Nuts & Bolts: The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and managers. The Hartford’s target market encompasses owners and managers of …
Professional Liability Beauticians Nuts & Bolts: All policies are packaged premises and professional. $3million aggregate is available. Program is self-rating. Dollars: $100,000 to $3 million. Carrier: Lloyds of London, rated “A” XV by A. M. Best. Non-admitted. States: All. Contact: …
$20 billion The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized coverage for some of the riskiest …
Tort system helping to reduce costs 8 Gov.-elects appoint insurance department heads Colorado picks Mayor Morrison, Idaho picks Rep. Deal 8 Calif. workers’ comp reforms working Yet outgoing commissioner says still room for improvement 9 Reinsurance rates falling or flat, …
Colorado’s Gov.-elect Bill Ritter announced he is appointing Manitou Springs Mayor Marcy Morrison, a Republican, as insurance administrator. And Idaho Gov.-elect Butch Otter said he would appoint state Rep. Bill Deal to head the state’s Department of Insurance. Morrison served …
GL for Builders, Contractors, Artisans Nuts & Bolts: Golden Insurance Co. RRG extended its commercial general liability coverage for builders, general contractors and artisans to $1 million/$1 million. Coverage is offered on a claims-made basis, and most builder trade classes …
Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …
The American Insurance Association (AIA) applauding the appointment of Rep. Bill Deal to director of the Idaho Department of Insurance. Deal stepped down from him position in the House of Representatives for Idaho’s District 13 to assume the commissioner position. …
