Powerful Hurricane Bill, a dangerous Category 4 storm with 135 mph winds, raged across the open Atlantic Wednesday, days from land but on a path that could menace Canada’s eastern provinces next week. Sweeping past the Caribbean islands and posing …
The first hurricane of the 2009 Atlantic season may end up skipping past the United States, leaving insurers to hope that the next ominous storm clouds will come ashore with a silver lining. Insurers can face billions of dollars in …
The most recent bulletin (5:00 am AST) from Miami’s National Hurricane Center warns that Bill has strengthened markedly, and is now a category 4 hurricane on the Saffir-Simpson scale. The NHC said the storm’s center was located about 460 miles, …
The Federation of European Risk Management Associations (FERMA) has issued a bulletin expressing concerns over a new ruling in the US state of Illinois that allows brokers to resume taking contingent commissions. The bulletin said the association supports the “stance …
The government-run health insurance option favored by President Barack Obama is not essential to a healthcare overhaul as long as the final measure boosts competition, a top U.S. health official said Sunday. Health and Human Services Secretary Kathleen Sebelius said …
Michigan drivers will pay $20 more this fiscal year to care for accident victims who have brain damage, paralysis or other catastrophic injuries. The culprit? Not the usual suspects such as escalating health care costs or a bad stock market, …
Hurricane Bill, the first hurricane of the 2009 Atlantic season, gained strength quickly as it churned across open ocean Monday in the direction of Bermuda, the U.S. National Hurricane Center said. Two other tropical cyclones, Ana and Claudette, were fading; …
If the growth rate of triathlons is any indicator, insurance agents probably have quite a few triathletes among their clients, colleagues and competitors. The sport is experiencing major growth, despite the economic downturn. Participation in the United States is at …
Maiden Holdings Ltd., a Bermuda-based reinsurance and specialty insurance provider, has appointed John Marshaleck to serve as the company’s new chief financial officer. Marshaleck has a 26-year history with Maiden and GMAC RE, and has served as chief operating officer …
Main Street businesses may still be trying to recuperate from the recession, but independent insurance agencies report that it has not been as disruptive as initially predicted, an exclusive survey reveals. The survey — “How Independent Agents View Carriers: The …
