ISO’s Property Claim Services (PCS) unit has expanded its services to include loss estimates for potential catastrophic terrorism losses. PCS this week announced it will assign catastrophe serial numbers to potential terrorism events likely to have caused at least $5 …
Florida homeowners with Citizens Property Insurance Corporation policies will be shocked this spring when their renewal notices arrive and they discover that the cost of premiums have risen dramatically, some by as much as 117 percent for windstorm premiums due …
Thirteen Florida insurance companies have requested 11 to 60 percent premium rate increases from the Florida Office of Insurance Regulation (OIR). Regulators will be reviewing the requests this month and will either approve them or request revisions. New rate increases …
The deadline for anyone who suffered losses from hurricanes Charley, Frances, Ivan or Jeanne to apply for assistance has been extended by the Federal Emergency Management Agency (FEMA) to Feb. 28. A U.S. Small Business Administration (SBA) spokesman said it …
The U.S. Small Business Administration (SBA) has extended application deadlines to Jan. 3 for residents and business owners in Florida and Alabama. A spokesman said it has approved more than $1 billion in loans in Florida and other areas affected …
Georgia and West Virginia may reconsider their approval of the Anthem Inc./WellPoint merger, after learning about California’s $265 million concessions package. Seven other states, plus Puerto Rico, may decide to reconsider their earlier approval of the merger including Delaware, Illinois, …
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) reported this week that a record $4.27 billion in FEMA disaster funds have been expended to date to aid people and communities victimized by one of the most intense …
Georgia and West Virginia are two southeast states that could reconsider their earlier approval of the Anthem Inc./WellPoint merger, after California’s $265 million concessions package in California. Seven other states, plus Puerto Rico, that may reconsider their earlier approval of …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.245 billion for insured property losses from Hurricane Jeanne, according to preliminary estimates by ISO’s Property Claim Services (PCS) unit. Hurricane Jeanne struck Puerto Rico on Sept. 15 …
In Asheville, N.C., Don Evans, president, and Bob Bird, CEO, honored outstanding Independent Insurance Agents of North Carolina members with Lifetime Achievement, Company Professional of the Year, Agent of the Year, and Ernest F. Young Education awards as well as …
