The insurance industry can play a key role in preparing businesses for the terrorist threat according to the global security think tank International Institute of Strategic Studies (IISS) in the latest Chartered Insurance Institute (CII) Thinkpiece entitled “Responding to the …
BrickStreet Mutual Insurance Co.’s board of directors has elected Charleston attorney Thomas V. Flaherty to serve as its new chairman. In addition, BrickStreet Senior Vice President and General Counsel Thomas J. “T.J.” Obrokta Jr. was named to the board in …
Spending to stomp out wildfires could be reduced by training and rewarding homeowners to practice fire-safety defense, Montana lawmakers said as they presented several bills intended to cut costs. The bills could force insurers to offer discounts to homeowners living …
American International Group Inc. said Friday it was the lead insurer on the US Airways passenger jet that went down in Manhattan’s Hudson River on Thursday. An AIG spokesman, John Jones, said he could not provide details on the value …
Harry Truman might have said it, Bill Clinton did quote it and George Bush, Sr. said he didn’t need the advice because he already had First Lady Barbara Bush but it simply goes like this: “If you want a friend …
While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely somewhere between $760 million …
Two Des Moines area insurance companies have signed a letter of intent to merge. West Des Moines-based Homesteaders Life Co. and American Enterprise Mutual Holding Co. of Des Moines will merge under the plan, with Homesteaders’ seven board members joining …
The West Virginia Supreme Court says a homeowner’s insurance company should not be held liable for paying damages stemming from a fatal alcohol-related accident involving underaged drinkers. In its unanimous ruling, the court said Jeff Cora’s policy with American Modern …
The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate advisory. However, several insurers requested increases in excess of 5 percent, including: …
U.S. regulators have asked nine major insurance companies, including Allstate Corp. and Travelers Cos. Inc., to provide information about how they set prices for homeowners’ coverage. The Federal Trade Commission said it ordered the companies to provide data about credit-based …
