Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in those areas thanks …
In a year where coastal states endured no major tropical storms, Indiana saw more property damage due to large weather events than any other state (in 2006), according to statistical firm the Insurance Services Office (ISO). Indiana residents filed nearly …
Transamerica Occidental Life Insurance Co. is moving the bulk of its Kansas City operations to Cedar Rapids, Iowa, costing 500 jobs and alarming city officials trying to bring businesses back downtown. The company’s corporate parent, Netherlands-based Aegon Group, announced the …
Lloyd’s has announced that Julian James, its director of Worldwide Markets, will be leaving at the end of April to join Lockton International. Lloyd’s CEO Richard Ward, issued a written statement, distributed by e-mail, in which he commented: “I would …
Kan. Governor Kathleen Sebelius proposed tax cuts for businesses and promised the state will be more aggressive in promoting energy conservation and wind power as she outlined her legislative agenda Wednesday night. And, two days after California Gov. Arnold Schwarzenegger …
Even though 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases …
$20 billion The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized coverage for some of the riskiest …
Even though 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases …
Commercial Property Managers Nuts & Bolts: The Hartford Financial Services Group, Inc. has expanded its real estate insurance program to offer property and liability coverage to commercial property owners and managers. The Hartford’s target market encompasses owners and managers of …
One New York “Every policy, every action, every decision we make in this administration will further two overarching objectives: we must transform our government so that it is as ethical and wise as all of New York, and we must …
