U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that boosts the program’s borrowing authority to $21.5 billion, increases the maximum coverage limits and provides for business interruption coverage. Backers …
A special auto insurance study group appointed by Massachusetts Gov. Deval Patrick has recommended modest changes to introduce limited pricing competition while warning against a proposed overhaul of the state’s high risk pool at this time. Although the study group …
A coalition of first responders, emergency management experts, businesses and insurers told Congress that America needs a comprehensive public-private, federal-state partnership to protect against a massive hurricane or earthquake. “Catastrophe protection and preparation is a nationwide priority that must be …
A missing compact disc containing unprotected personal data for 75,000 Empire Blue Cross Blue Shield members was recovered four days after the insurer began warning customers about potential privacy violations. The disc, which had been missing since January, was found …
Fed role “It is clear that the government has got to step in.” U.S. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, supporting a national program to backup private hurricane and flood insurance markets. Sponged-off “It is …
Many buildings are crowded and not up to code 8 Carpooling parents in Conn. get a break DMV says no special driver’s license needed 10 N.J. court: public workers may sue negligent owners Ruling abolishes the “firefighter” rule 10 Conn. …
Wedding Insurance Nuts & Bolts: Travelers launched Wedding Protector Plan, which covers with no deductible a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane causes the necessary and unavoidable cancellation or …
Social Service Organizations Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit organizations with flexible premium payment plans. Riverport is a Berkley company. Limits vary. Carrier: …
The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …
Mississippi freethinker “I have been a freethinker for a long time. I haven’t a clue why they did this.” Mississippi Insurance Commissioner George Dale, who has run as a Democrat eight times in his political career, but who this year …
