Massachusetts News

New Markets

D&O for Small Public Cos. Nuts & Bolts: The Chubb Group of Insurance Companies has introduced specialized directors and officers (D&O) liability insurance for publicly traded companies with market capitalizations of $100 million or less. These “micro-cap” coverage enhancements can …

Fla. pols to lobby Washington for national catastrophe fund

After the Florida Legislature passed a bill that lawmakers say will address the state’s insurance problems, Gov. Charlie Crist and legislative leaders said their attention will be on pushing for a national catastrophe fund. Crist plans to lobby his peers …

New Markets

Trucking Nuts & Bolts: AIX Group, Inc., a specialty insurance holding company, has formed a program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss experience and fleets between …

Declarations

Common thread “The common threat that brought us together is terrorism. That was our springboard.” Jonathan Edmondson, operations manager of the British Red Cross, at a meeting in New York of government and American Red Cross disaster experts from New …

News Currents

Risky levees in 27 states could trigger flood insurance mandate The Army Corps of Engineers reported that 122 levees from Rhode Island to California are at risk of failing, potentially affecting thousands of people and requiring millions of dollars in …

Figures

$1 million The punitive damages amount to be lodged against State Farm after the federal judge overseeing the Mississippi Katrina claims cases reduced a recent $2.5 million jury award. U.S. District Judge L.T. Senter ruled that a punitive damage award …

News Currents

Levees in 27 states at risk; could trigger flood insurance mandate 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 …

New Markets

D&O for Small Public Cos. Nuts & Bolts: The Chubb Group of Insurance Companies has introduced specialized directors and officers (D&O) liability insurance for publicly traded companies with market capitalizations of $100 million or less. These “micro-cap” coverage enhancements can …

New Markets

Trucking Nuts & Bolts: AIX Group, Inc., a specialty insurance holding company, has formed a program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss experience and fleets between …

News Currents

Fla. pols to lobby Washington for national catastrophe fund But U.S. Rep. Feeney warns some are ‘overly optimistic’ and it will be a tough sell in Washington After the Florida Legislature passed a bill that lawmakers say will address the …