Orlando – Florida’s Chief Financial Officer Tom Gallagher on Thursday joined area legislators, including incoming House Majority Leader Andy Gardiner, in a tour of storm-affected areas in Orange County and provided an update on the Department of Financial Services’ response …
Minnesota Gov. Tim Pawlenty has asked the U.S. Department of Agriculture’s Farm Service Agency (FSA) to assess frost damage to crops in Northern Minnesota. Last weekend’s cold front brought unseasonably low temperatures that reportedly appear to have caused significant damage …
Illinois Attorney General Lisa Madigan has filed a suit alleging that a driver for the Dave Matthews Band flicked a switch behind the driver’s seat of a leased tour bus as he drove over the Chicago River and released up …
A mattress retailer’s repeated failure to reportedly ensure quick emergency exit access for workers at its warehouse facilities in New Hampshire, Massachusetts and Florida has resulted in $140,000 in fines from the U.S. Labor Department’s Occupational Safety and Health Administration …
Florida businesses appear to have suffered a significant portion of the overall damage from Hurricane Charley, according to the Property Casualty Insurers Association of America (PCI). Wednesday’s estimate by the Property Claims Services unit of ISO that commercial claims will …
Philadelphia Consolidated Holding Corp. reported its initial estimate of losses attributable to Hurricane Charley. Although potential claims information is preliminary, the company does not expect its net after-tax losses to exceed $6.8 million. The company further announced that the catastrophe …
California-based Mercury General Corp. announced preliminary estimates of its Hurricane Charley related losses. Mercury’s initial estimates range from $7 million to $9 million ($4.6 million to $5.9 million after-tax) in property and automobile related losses. These estimates are based on …
Florida-based eAutoclaims announced a new contract to provide the eAutoclaims national repair shop network to Federated National Insurance & American Vehicle Insurance companies for processing their auto physical damage claims. The business will run on eAutoclaims eJusterSuite Internet platform. Superior …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Clarendon National Insurance Co. and two of its subsidiaries — Clarendon America Insurance Co. and Redland Insurance Co. — to stable from negative. At the same time, …
Europe’s leading insurers are reportedly considering several clauses in airline insurance contracts that would exclude coverage for attacks involving chemical, biological and nuclear materials. The effort, headed by Lloyd’s underwriters, has already been drafted. The BBC reported that a Lloyd’s …