Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. from Hurricane Ivan are expected to be between $3 and $6 billion. RMS’ latest estimates are based …
Hurricane Ivan slammed ashore in Gulf Shores, Ala., early Thursday with winds of 130 mph, packing deadly tornadoes and a powerful punch of waves and rain that threatened to swamp communities from Louisiana to the Florida Panhandle. Forecasters said the …
Having left a swath of destruction from Grenada to Cuba, Hurricane Ivan turned its sights on the Florida Panhandle west to New Orleans on Tuesday, forcing thousands to pack what they could and head for higher ground. More than 1 …
Florida’s Chief Financial Officer Tom Gallagher will keep the Department of Financial Services’ storm line, 1-800-22-STORM, operating throughout the weekend to assist Floridians in the event of damage from either Tropical Storm Bonnie or Hurricane Charley. Information is also now …
A.M. Best Co. announced that it has upgraded the financial strength rating to “A-” (Excellent) from “B++” (Very Good) for Aseguradora Mundial, S.A. of Panama City, Panama and assigned a stable. Rating outlook. “The rating reflects Aseguradora Mundial’s strong capital …
Florida’s Chief Financial Officer Tom Gallagher announced the completion of a sweep of construction sites across Florida to verify that employers are complying with state workers’ compensation insurance laws. As part of the statewide effort, investigators with the Department of …
The Florida Office of Insurance Regulation has ordered a Canadian company to stop selling unauthorized insurance in the state, and a Venice agent is facing revocation of his license for reportedly selling the bogus coverage. In an Immediate Final Order …
Florida’s Chief Financial Officer Tom Gallagher announced that many reforms aimed at increasing the availability and affordability of workers’ compensation go into effect Oct. 1. Gallagher also noted that the Department of Financial Services, Division of Workers’ Compensation, continues to …
Florida’s Chief Financial Officer Tom Gallagher announced a new online database designed to send automatic electronic notification to primary contractors who sign up for the service concerning changes to a subcontractor’s workers’ compensation coverage status. Florida law requires a contractor …
Pennsylvania Commissioner Diane Koken has released enforcement actions and market conduct examinations taken in March against insurance producers and companies licensed to conduct business in the Commonwealth. Enforcement actions are taken after an investigation reveals violations of Pennsylvania statutes or …
