Legislation introduced in the Senate last week would accomplish the two things needed to continue protecting the United States from the economic devastation of catastrophic terrorism–extend the Terrorism Risk Insurance Act of 2002 (TRIA) and look at the critically important …
The U.S. individual major-medical market is evolving toward consumer-driven products as a natural reaction to the growing number of self-employed, uninsured people, along with a segment of the working class that can’t afford health coverage. According to a special report …
Home and business owners on Perdido Key, Fla. off the northwest coast of the state near the Alabama state line could wait years before insurance companies and the courts decide how much damage was caused by wind and how much …
The Alliance of American Insurers is working with the Georgia Insurance Commission to develop standard language for mold coverage in homeowner’s and commercial insurance policies. Under provisions of the changes, mold remediators could soon see their profit margins limited. AAI …
A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a” for the reinsurance subsidiaries of Inter-Ocean Holdings Ltd. (Inter-Ocean) (Bermuda). The ratings apply to Inter-Ocean Reinsurance …
A total of $8,100, 598 in grants has been approved for assistance for 59 percent of the claims in Indiana since the disaster declaration on Jan. 21, according to figures released by the Federal Emergency Management Agency (FEMA) and the …
Federal disaster funds have been made available for Arizona to help communities in the northern and central parts of the state recover from the effects of a series of recent storms, the head of the U.S. Department of Homeland Security’s …
Motley Rice LLC of Mt. Pleasant, S.C., and Boston-based Thornton & Naumes LLP, announced the filing of a class action in the Commonwealth of Massachusetts against Ford Motor Company, Ford Motor Company of Canada Ltd., Magna Donnelly Corp., Intier Automotive …
The National Transportation Safety Board this week released the following update on its investigation of the Oct. 9, 2004 motorcoach accident near Turrell, Arkansas. The motorcoach, operated by Walter Bus Service Inc., Chicago, Illinois and carrying 29 passengers, was traveling …
The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has cited an Albany, New York construction contractor for an unguarded trench and other safety hazards following the death of one of its workers at a Cohoes worksite. An employee …