Puerto Rico News

Truth or Lore? Insurance ‘Factorama’ Explores the Known and Little-Known

It’s the end of the decade that apparently has no name as yet, but that doesn’t stop those of us at Insurance Journal from looking back at the past 10 years and beyond for known and little-known insurance “factoids.” Why? …

Chinese Drywall Link to Home, Health Woes Remains Mystery

Federal investigators have been unable to prove a definite link between imported Chinese drywall and home damage and health issues. But they aren’t done investigating. The Consumer Product Safety Commission said that the problems with the Chinese manufactured home product …

Chinese Drywall Link to Home, Health Woes Remains Mystery

Federal investigators have been unable to prove a definite link between imported Chinese drywall, and home damage and health issues. But they aren’t done investigating. The Consumer Product Safety Commission said that the problems with the Chinese manufactured home product …

People

Alan Ring joined National Contractors Insurance Co. Inc. (NCIC), a risk retention group, headquartered in Big Fork, Mont., as director of sales and marketing. Prior to joining NCIC, Ring was a regional manager for construction-related publications and affiliated online properties, …

It Figures

488% The jump in profits for the third quarter reported by Harleysville Group Inc. The insurer saw its third-quarter profits climb to $24.7 million, up from $4.2 million in the year-ago period. Revenue at the insurer rose to $244.3 million, …

Montana Commissioner Named to Federal Committee

Montana Commissioner of Securities and Insurance Monica J. Lindeen has been appointed to the North American Securities Administrators Association’s (NASAA) Federal Legislation Committee, a key committee as Congress continues the work of reforming the nation’s financial regulatory system. “Reinforcing consumer …

Research Can’t Yet Explain Link of Chinese Drywall to Home, Health Woes

Federal investigators have been unable to prove a definite link between imported Chinese drywall and home damage and health issues. But they aren’t done investigating. The Consumer Product Safety Commission said that the problems with the Chinese manufactured home product …

U.S. Insurance Commissioners Host 13 International Regulatory Interns

The organization of state insurance commissioners welcomed 13 interns from Azerbaijan, China, Egypt, Saudi Arabia, Thailand and Zambia to the U.S. this week. The National Association of Insurance Commissioners (NAIC) has sponsored its International Internship Program for Education and Regulatory …

Puerto Rico Refinery Fire Extinguished; Burned for two Days

Firefighters in Puerto Rico extinguished a huge fire Saturday that had raged for more than two days at an oil storage depot outside San Juan and forced the evacuation of more than 1,000 local residents. Federal agents prepared to make …

Explosion and Fire Rip Through Puerto Rico Oil Facility

An explosion and huge fire ripped through an oil storage and refinery site outside Puerto Rico’s capital San Juan Friday, forcing the evacuation of around 350 people from a nearby neighborhood, officials said. The blast and blaze at the Caribbean …