Fishermen in Mississippi say they are angry that under the terms of BP’s $20 billion oil spill fund, money they earn doing clean-up will be subtracted from their claim against the company. The fishermen reacted after Kenneth Feinberg, the federal …
In the blink of an eye, the economic focus in Louisiana has shifted from recession recovery to avoiding actual and potential job losses piling up at a staggering rate. And there’s very little that the state can do: The tally …
The Independent Insurance Agents of Texas has honored Corpus Christi, Texas, independent insurance agent Wallace C. (Wally) Goodman with the Drex Foreman Award; Landon Ogilvie, partner at Gans & Smith Agency in Longview, with the André P. Juneau Young Agent …
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. Oil & Gas Risks Market Detail: Towerstone Inc.’s energy practice has recently teamed with Hallmark …
The U.S. House of Representatives has a measure extending the federal flood insurance program for five years. The bill, H.R. 5114, the “Flood Insurance Reform Priorities Act of 2010,” sponsored by Rep. Maxine Waters (D-Calif.) and Rep. Barney Frank (D-Mass.), …
News that oil has stopped leaking from BP’s blown-out well into the Gulf of Mexico spread a wave of relief Thursday among coastal residents, but it failed to dispel concerns about the disaster’s long-term impact. “I tell you what, we …
Former Sledge Mayor Bernard Handy, former City Clerk Mary Allen and current City Clerk Yvonne Amos have been issued demand letters for the repayment of illegally spent Fire Insurance Rebate Program funds. Auditor Stacey Pickering and Insurance Commissioner Mike Chaney …
Both sides presented their views at a hearing of the House Ways and Means Committee on Wednesday, July 14. Compromise over whether or not to disallow deductions for premiums paid to purchase reinsurance from “affiliated companies,” who are located outside …
Insurers are urging the House of Representatives to pass legislation today that would extend the National Flood Insurance Program (NFIP) for five years. The measure, HR 5114, the “Flood Insurance Reform and Priorities Act of 2010”, sponsored by Representative Maxine …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Bermuda-based Heddington Insurance Limited, both with stable outlooks. The ratings reflect Heddington’s “superior capitalization, consistently positive operating results and the role …
