The Federal Emergency Management Agency is quietly drawing up plans for a handful of disasters: devastating earthquakes beneath San Francisco and St. Louis and catastrophic storms in South Florida and Hawaii, FEMA’s chief said recently. In a departure from its …
The Missouri National Guard spent the weekend engaged in Operation Cracked Earth, training exercises to test communication abilities in the event that there is a major earthquake in the New Madrid fault zone. The New Madrid fault is a network …
The nation’s bank holding companies increased their total insurance revenue 1.0 percent to $21.7 billion in the first half of 2007 from $21.4 billion during the same period in 2006. CitiGroup (NY), Wells Fargo & Company (CA), and HSBC North …
Elk Grove Village, Ill.-based American Service Insurance (ASI) recently released its new public auto product in the states of Indiana and Missouri. The auto product provides coverage for non-emergency paratransit, medi-vans, funeral vehicles, church vehicles, and other public transportation with …
The family of a teenager killed in a car crash last year has sued a suburban Chicago family, claiming it was negligent in allowing the victim to drink alcohol at a house party. In a lawsuit filed Monday, Oct. 8th …
Carmel, Ind.-based Conseco, Inc. today announced the appointments of three senior financial officers, effective Oct. 15: Thomas D. Barta will join Conseco as senior vice president, Financial Planning & Analysis, reporting to Conseco CFO Ed Bonach; David J. Barra will …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $1.125 billion for third-quarter property losses resulting from a total of six catastrophes in 11 states, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit. PCS …
Indiana-based Benicorp Insurance Co. will liquidate under an order filed late last week by a circuit judge. The company’s remaining assets will be sold to generate money, and guaranty associations in several states will help cover its leftover claims, according …
Actuaries need to be on the look out for emerging mass tort claims related to benzene, lead paint, and welding rods, despite the fact that significant legal hurdles in these cases remain. The large pool of potential litigants, the existence …
Schaumburg, Ill.-based Assurance Agency, recently held an educational seminar on “The ‘New’ Legal Landscape for HR Professionals – A 2007 Report” at the headquarters in Elk Grove Village, Ill. The three hour seminar was attended by business leaders from more …
