Gov. Marc Racicot, president of the American Insurance Association (AIA) sent a letter to U.S. Secretary of Homeland Security Michael Chertoff assuring him that the insurance industry is fully engaged in the recovery from Hurricane Ike. Racicot indicated Chertoff had …
The Texas Department of Insurance (TDI) is conducting a mandatory data call for certain information related to claims in the counties of Angelina, Austin, Brazoria, Brazos, Chambers, Cherokee, Fort Bend, Galveston, Gregg, Grimes, Hardin, Harris, Houston, Jasper, Jefferson, Liberty, Madison, …
The Kentucky Department of Insurance continues to assess insurance company response to the devastating Sept. 14 windstorms. The storms caused widespread damage, according to reports that insurers submitted to DOI, but company representatives were on the ground quickly to begin …
American International Group Inc., which narrowly escaped financial collapse this week, on Thursday said it had named Edward Liddy as chairman and chief executive. Liddy succeeds Robert Willumstad, who is leaving after three months on the job, and in the …
Risk Management Solutions (RMS), the catastrophe risk modeling firm, has refined its estimate for U.S. onshore and offshore insured losses from Hurricane Ike to $7 to $12 billion from its original estimate of $6 to $16 billion. This estimate includes …
Middle-market commercial property insurer Affiliated FM has introduced a new ‘green’ coverage endorsement to its proVision all-risk property policy. The green endorsement provides flexible coverage for the additional costs of repairing, replacing or rebuilding damaged property using environmentally responsible practices, …
The American Insurance Association is participating in this week’s conference “Out of the Storm: Confronting America’s Catastrophic Risk Crisis,” organized by the South Carolina Department of Insurance and the Competitive Enterprise Institute. The conference, ongoing through Sept. 19 in Hilton …
National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Sandy Praeger today issued the following statement regarding American International Group (AIG): In times of crisis, the first questions on everyone’s mind are often: Who’s to blame? What went …
Insurers are not allowed to bring equitable subrogation actions premised on professional negligence against attorneys, the Colorado Court of Appeals has ruled. According to State Farm Fire and Casualty Co., as subrogee of Running Bear Homeowners Association v. Robert G. …
The American Insurance Association says three measures on the way to California Gov. Arnold Schwarzenegger’s desk should be vetoed because they will increase employers’ costs for workers’ compensation, weaken the utilization review process and bring uncertainty back to the system. …
