Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that its new third generation earthquake and hurricane models for the United States are being adopted by the global insurance and reinsurance industry. …
With hurricane season still generating powerful storms, and cold weather rain and snow not too far away, homeowners might be surprised to learn the most common cause of water damage to personal property isn’t from Mother Nature; it’s from the …
Kansas-based GE’s Employers Reinsurance Corporation (ERC) announced several appointments to add to its global expertise. * David Bassi is the new global risk & underwriting leader for ERC’s P/C reinsurance unit; * Cora Stahrenberg is the new human resources leader …
Disaster Kleenup International, Inc., a network of quality, independent property damage restoration contractors, announced that one of its member companies, Bay Area Disaster Kleenup, teamed up with local fire fighters in Clearwater, Fla., to help raise money for the Muscular …
Florida’s Chief Financial Officer and State Fire Marshal Tom Gallagher has joined the Federal Alliance for Safe Homes (FLASH) to provide 1,500 smoke detectors for low-income families in Pinellas County. The smoke detector giveaway is part of an ongoing, collaborative …
Standard & Poor’s has assigned its ‘BB+’ global scale preferred share rating to Kingsway Financial Services’ (KFS) “guarantee of Kingsway Financial Capital Trust I’s U.S. trust preferred securities issue of up to US$72 million.” It also reaffirmed its ‘BBB’ long-term …
New Jersey Attorney General Peter Harvey announced that a Camden County resident who reportedly coordinated an elaborate scheme to “stage” automobile accidents, obtain official police reports, submit phony insurance claims and attempt to collect nearly $100,000 in illegal payments from …
Florida’s Chief Financial Officer Tom Gallagher announced that a former owner and director of Mobile Home Division of America Inc. was charged with felony grand theft in relation to allegations that he misappropriated nearly $1 million in insurance premium funds. …
Marsha Yarbrough of Fort Worth-based Higginbotham & Associates, one of the nation’s 100 largest insurance and financial services brokers, was named president of the Southern Sagitta Users Group, a local chapter of AMS Users Group consisting of independent agency representatives …
Professional Insurance Association of New Jersey president John D’Agostino, Jr., CIC, has addressed a letter to Douglas A. Wheeler, Assistant Commissioner of Legislative and Regulatory Affairs for the New Jersey Department of Banking and Insurance concerning the proposed regulations, PRN …