Despite improvements in construction and safety standards since Hurricane Andrew, damage to mobile homes in the path of Hurricane Charley was significant according to the Property Casualty Insurers Association of America (PCI). “We’re seeing reports that more than 95 percent …
More than $51 million in grants and low-interest loans has been approved for almost 34,000 disaster victims in less than two months since President Bush issued a disaster declaration in Michigan, state and federal disaster officials announced. Almost 90,000 residents …
The Property Casualty Insurers Association of America (PCI) and the Insurance Institute of Indiana recently filed an amicus brief in The City of South Bend, Ind. vs. Century Indemnity Company et. al., to be heard by the Indiana Court of …
California Gov. Arnold Schwarzenegger has signed a Proclamation declaring a State of Emergency in Shasta County as a result of damage caused by recent wildfires. The fires burned 23,000 acres and destroyed 106 homes throughout the county. “Wildfires have a …
Hudson Programs, an operating division of Hudson Insurance Group, announced that their environmental insurance program is now available in 46 states, plus the District of Columbia. The program is exclusively underwritten by Denver-based Freberg Environmental Inc. (FEI), with claims administration …
Ohio-based American Financial Group Inc.has issued a preliminary estimate of its expected losses from Hurricane Charley. Based on information available at this time, AFG estimates that its after-tax losses, net of reinsurance, will be approximately $8 million ($.10 per share). …
A new Internet Web site aims to help homeowners avoid potentially costly home oil tank spills and damage to the environment. Tankhealth.com informs provides web-based risk analysis program that helps homeowners identify if their tank is at risk for failure. …
Russian authorities investigating the separate air disasters that occurred within minutes of one another on Tuesday night have so far failed to release any conclusions as to the cause(s) of the tragedy. Officially they are still trying to decode the …
A.M. Best Co. announced that it has assigned its Syndicate Rating of “A” (Excellent) to Lloyd’s Syndicate 1084, managed by Chaucer Syndicates Ltd., and an issuer credit rating (ICR) of “a.” “This newly assigned ICR reflects A.M. Best’s financial strength …
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has authorized firefighting funds to help Nevada fight the Andrew Fire soon after it began. The fire is located between Carson City and Reno. Michael Brown, under secretary of …