Federal legislation that would establish national standards for state regulation of the surplus lines and reinsurance markets made its second appearance into Congress today. Rep. Ginny Brown-Waite, R-Fla., and Rep. Dennis Moore, D-Kan., reintroduced the “Nonadmitted and Reinsurance Reform Act …
WKF&C Agency, Inc. has expanded its professional liability facility to include coverage for insurance agents and brokers. The nationwide managing general agency for excess and surplus lines said the coverage, written by underwriters at Lloyd’s of London, would be available …
International Insurance Brokers Ltd., headquartered in Tulsa, Okla., announced it has filed suit in the United States District Court for the Northern District of Oklahoma against TeamBank N.A., Team Financial Inc. and Mystic Capital Advisors Group LLC claiming damages for …
One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their state insurance markets, as well as industry-wide concerns. Regulators …
Hail events remain a constant threat to property and casualty insurers. In 2005 alone, there were over 13,000 hail storms in the United States. According to Swiss RE, four out of the top 20 most costly insurance losses of 2005 …
N.J. Coastal Property Nuts & Bolts: McSweeny Agency of New Jersey is offering coverage on boardwalk stores, ocean front, bay front, condos, dwellings, and seasonal commercial properties. Dollars: $100,000 to $1 million. Carrier: Rated “A+” by A.M. Best. Non-admitted. States: …
The Army Corps of Engineers reported recently that 122 levees from Rhode Island to California are at risk of failing, potentially affecting thousands of people and requiring millions of dollars in repairs. Six states in the Midwest are affected including …
The state of Kansas is examining several key areas of concern in 2007 including the uninsured motorist population, health care for small businesses, rating, federal health insurance iniatives and more. Insurance Commissioner Sandy Praeger met with the Insurance Journal at …
As we are well aware, flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. What many fail to realize, however, is that flood risk is not limited to …
2,700 The world’s largest kosher slaughterhouse is recalling about 2,700 pounds of potentially underprocessed frankfurters shipped to New Jersey, New York and Pennsylvania, company and federal officials said. Agriprocessors Inc., based in Postville in northeast Iowa, is ac-cepting returns on …
