Terrorism News

New Markets

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. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …

Construction Worker Deaths Fell in NYC in 2007

Construction deaths fell by nearly half in New York City last year after spiking the year before, according to a federal report released Monday. The Bureau of Labor Statistics figures came amid heightened concern about construction safety after a spate …

WKF&C Agency Adds Package Program for Washington, Oregon and Alaska

WKF&C Agency Inc. has added a new, nonadmitted insurance market rated “A-,” VIII by A.M. Best for package programs in Washington, Oregon and Alaska. Eligible classes include apartment buildings, habitational condominiums, co-op apartments, mercantile, office buildings and mixed habitational and …

Best Upgrades/Affirms Arch Re, Arch Europe Ratings

A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Bermuda-based Arch Reinsurance Ltd. and its reinsured affiliates. Best also upgraded the ICR to “bbb” …

US Credit Crisis Threatens New Orleans’ Recovery

A prolonged recession and a tight credit market would cripple New Orleans’ still-fragile recovery from Hurricane Katrina, delaying or eliminating road work, new construction and repairs to homes and businesses that have stood empty since 2005. The city’s infrastructure plans …

It Figures

20 Arkansas Gov. Mike Beebe added Craighead, Lawrence, Madison, Newton and Saline Counties to the list of state disaster declarations following damage caused by the remnants of Hurricane Ike on Sept. 13 and 14. The number of counties declared disaster …

ID Theft Insurance: Oasis or Mirage?

Is It Worth Recommending to Valued Agency Clients? A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona, California, Nevada, Texas, Florida and New York. All of these states reported …

Technology: A Brave New World

Agents Must Expand Their Technology Horizon to Exploit the ‘Value Gap’ MarketScout presented its second eInsurance Symposium in Dallas, Texas, in September 2008. The symposium was preceded by hurricane Ike by a day and then the conference was held during …

Protective Insurance, Paladin Catastrophe Enter Agreement

Indianapolis-based Baldwin & Lyons, Inc. announced on October 1 that its subsidiary, Protective Insurance Co., has entered into an agreement with Paladin Catastrophe Management to produce casualty clash and workers’ compensation catastrophe reinsurance in the U. S. Martha Atwater, with …

Congress Shelves 9/11 Workers’ Long-Term Care Bill

Congress has shelved a $10.9 billion bill to provide health care for ground zero workers, partly due to opposition from New York City officials. Mayor Michael Bloomberg objected to a provision in the bill that would have required the city …