Terrorism News

W.Va. Safety Officials Lay Exit Plans for DC-Metro Evacuees

In the event of a catastrophic terrorist attack, West Virginia would be in the evacuation path of nearly 5 million Baltimore and Washington area residents. In such an event, James Spears, cabinet secretary of the West Virginia Department of Military …

Declarations

Good drivers “It neither affirms the status quo nor jumps headlong or without controls into the Wild West of competition. The idea is to advantage good drivers and make sure we are not harming good drivers wherever they are.” — …

My New Markets

Auto Repair Shop Pollution Liability Nuts & Bolts: USAssure Insurance Services is offering a new market that includes auto repair shops, as well as: oil change facilities, motor vehicle dealers, tire sales and repair, and auto parts stores. Coverage provides …

Key Senators Question Use of 9/11 Insurance Fund Monies

Two senators want to know why a $1 billion Sept. 11 insurance fund appropriated by Congress to help ailing ground zero workers has not been used to compensate those exposed to harmful substances. Senate Judiciary Chairman Patrick Leahy, D-Vt., and …

Sept. 11 workers sue WTC insurance fund for sick pay

Ailing ground zero workers have gone to court to demand that the company overseeing a $1 billion Sept. 11 insurance fund uses it to pay for their health care. Attorneys for the workers argue that federal officials meant for the …

More on scores

Declarations “The growing use of credit-based insurance scores affects millions of consumers. We look forward to hearing from a range of perspectives including state insurance regulators, consumer advocacy groups and industry on this important issue.” — U.S. Representative Melvin L. …

House Committee Advances Bill to Extend Terrorism Reinsurance Backstop for 15 Years

The House Financial Services Committee voted yesterday to extend and expand the federal terrorism reinsurance law, going against the wishes of the Bush Administration. The panel voted by 49 to 20 in favor of H.R. 2761, the Terrorism Risk Insurance …

N.Y. Insurance Department Names Four to Key Posts

New York Superintendent of Insurance Eric Dinallo has named four individuals to new leadership positions within the New York State Insurance Department. Dr. Hampton Finer has been named Deputy Superintendent for Rates and Competition. He will direct rate review activities …

Ga. Receives $40 Million in Homeland Security Grants

Gov. Sonny Perdue announced the award of $40 million in federal homeland security grants to Georgia for allocation to eligible communities around the state. “With the assistance of our federal partners, we continue to do everything we can to keep …

Insurers Expect Claims from N.Y City Steam Pipe Explosion

Consolidated Edison in New York has agreed to let two insurance companies anticipating millions of dollars in claims monitor the cleanup of last week’s steam pipe explosion in midtown Manhattan, the utility’s spokesman said. The agreement between Con Ed, Travelers …