Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted late last month to add wind coverage to the National …
Vacation Income Property (VIP) Nuts & Bolts: Middle Oak is offering insurance designed exclusively for vacation income property. What is covered: homes, condos, short term or year round rentals, owner use, two nights, seasonal etc. In the name of a …
With truck traffic rising, at least nine states are considering proposals to separate big rigs from cars on heavily traveled interstate highways, hoping to reduce congestion, improve safety and increase commerce by moving goods faster. Ohio, Nevada and other states …
Hilb Rogal & Hobbs Company announced that it has completed the previously announced acquisition of substantially all the assets of The Resource Group L.C. (TRG) of Overland Park, Kan. Terms of the transaction, effective Aug. 1, 2007, were not disclosed. …
A Kansas City-area bank is seeking to seize almost $1 million in rides leased to the closed and bankrupt Wild West World, saying the insurance on them has lapsed. In a court filing last week, Overland Park-based Bank of Blue …
Hawkeye-Security Insurance, a member of Liberty Mutual Group, has been named 2007 Top Partner insurer by the Missouri Association of Insurance Agents (MAIA). The award was presented to President and Chief Executive Officer David L. Lancaster during the MAIA annual …
Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Co. said it is acquiring the assets of The Resource Group, L.C. Terms of the transaction, which is expected to close on Aug. 1, 2007, were not disclosed. Founded by six insurance …
U.S. Reps. Melissa Bean, D-Ill., and Ed Royce, R-Calif., have reintroduced their National Insurance Act of 2007, the so-called optional federal charter bill that proposes letting insurance companies choose federal over state regulation. The Royce-Bean bill is similar to Senate …
$2.175 Billion U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a second …
Legislation passes House, heads for the Senate; but not all in the industry think it’s the answer as now written Insurance regulatory reform efforts on Capitol Hill took a giant leap forward with the recent House passage of HR 1065, …
