According to information from the Alabama Department of Insurance, once hurricanes pass certain coordinates on the global map, insurance companies will cease offering new coverage and will not allow payments on lapsed coverage. The coordinates are determined by the individual …
A new state-sponsored Web site should reportedly make it easier for certain Oregon construction contractors to find liability insurance. The Web site is the centerpiece of a market assistance plan (MAP) for contractors developed by the Insurance Division of the …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. could range from $4 to $10 billion if Hurricane Ivan follows the latest meteorological forecasts. T he …
Alabama Attorney General Troy King warned unscrupulous contractors and businesses that he will be vigilant against those who seek to profit illegally at the expense of Alabamians who suffer damage and others who seek refuge in the state from the …
An Ohio automotive parts manufacturer who reportedly failed to protect and train workers about hazards associated with mechanical power presses is facing proposed fines of $540,000. The fines follow an accident in which an employee lost three fingers and suffered …
In the last 24 hours, Gov. Haley Barbour urged Mississippians in the state’s three coastal counties to evacuate immediately in anticipation of Hurricane Ivan’s arrival, scheduled for late tonight or early Thursday morning. “Anyone below I-10 needs to go north,” …
Atlantic Mutual Insurance Co., a specialist in providing personal lines insurance to affluent policyholders, is offering a free checklist to help homeowners determine if their homes have the proper amount of insurance. The checklist is available at www.atlanticmutual.com. Recent hurricanes …
The Connecticut Insurance Department released today the annual rankings of accident & health and automobile insurance companies. The rankings contain complaint figures from 2003. The rankings include insurance companies and groups of insurance companies against whom justified and/or questionable complaints …
California Gov. Arnold Schwarzenegger has signed State Senator Jackie Speier’s workers’ compensation legislation in an effort to help in the fight against fraud abuse. The signed bills impose new restrictions and higher fines for insurance fraud, and in particular workers’ …
Cincinnati-based American Financial Group has issued a preliminary estimate of its expected losses from Hurricane Frances. Based on information available at this time, AFG estimates that its after-tax losses, net of reinsurance, will be approximately $4 million ($.05 per share). …