U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $11.5 billion for third-quarter property losses resulting from a total of 11 catastrophes in 22 states — the fourth-largest insured property loss in a third quarter since 1998, …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ preferred stock-level rating on Hartford Financial Services Group’s $1.75 billion 10 percent fixed-to-floating rate junior subordinated debentures. “Because the notes permit the deferral of interest for at least ten years without …
Companies of all sizes are vulnerable to potentially devastating management, employment and fiduciary liability lawsuits. Even claims filed without merit can result in defense expenses that are financially draining. Private Accord, a new packaged liability policy available through Business Risk …
A group of survivors of a 1977 Kentucky night club fire that killed 165 people near Cincinnati asked Gov. Steve Beshear to reopen the investigation into its cause. A former employee who was 18 at the time of the fire …
Consumer Beware “So often these entities will pop back up with a new name and take advantage of a new group of consumers. This is why we urge consumers to contact us before purchasing coverage to be sure the entity …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …
Extreme drought conditions, the second-worst possible, have now spread into Kentucky, and severe conditions have returned to West Virginia and southwest Virginia, according to the U.S. Drought Monitor. “The last three months have sucked every bit of moisture we’ve had,” …
The Paducah, Kentucky City Commission agreed in principle to rent dump trucks to haul away debris from Hurricane Ike’s September windstorm. Even if the extra trucks are used, the cleanup is expected to last into next year. The Paducah Sun …
90 The percentage of Georgia nursing homes that violated federal standards for health and safety last year. The state was on par with the national average of 92 percent of nursing homes that had violations, according to the Department of …
A new law has gone into effect that erases a competitive disadvantage for roughly 40,000 Ohio employers paying workers compensation premiums. For years, about 40,000 of the roughly 280,000 Ohio employers paying workers’ compensation premiums were paying them twice for …
