A 12-member Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market meets today in Tallahassee to discuss how to help Floridians obtain hurricane insurance, amid complaints that consumers don’t have a seat on the panel. The task force will …
A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” of Tunisia-based B.E.S.T. Reinsurance. The outlook on both ratings remains stable. “The ratings reflect BEST Re’s consistently …
The Florida Association of Insurance Agents has announced it will study “another avenue” for covering hurricane wind damage in Florida and would like to establish its own “vehicle” to insure windstorm risk, according to a statement by Jeff Grady, president …
The National Hurricane Center in Miami predicts Tropical Depression 12 will build to near hurricane strength before it hits the South Florida coast late Thursday as Hurricane Katrina. Forecasters say Hurricane Katrina could reach sustained winds of 72 miles-an-hour Thursday …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that an former Essex County man has pleaded guilty to falsifying records in order to fraudulently collect more than $170,700 in disability insurance monies to which he was not entitled. …
Latest reports indicate that more than 50 people miraculously survived the crash of a Boeing 737-200, operated by Tans, the Peruvian national airline. The plane with 92 passengers and a crew of 8, took off from Lima early Tuesday afternoon. …
U.S. Department of Homeland Security’s Federal Emergency Management Agency officials have announced that disaster Public Assistance for Jackson County, Florida has been expanded to include the repair and replacement of damaged roads and bridges, utilities, water control facilities, buildings and …
Cincinnati-based insurance consulting firm The Ward Group has recognized Cincinnati Financial Corp. and Western & Southern Financial Group for their five-year financial performance. Ward’s honored Cincinnati Life Insurance Co., a unit of Cincinnati Financial, and Western & Southern Life Insurance …
Move over Paris Hilton! According to a recent survey by AIG Auto Insurance, two-thirds (66 percent) of American men choose to be stuck in traffic with their wife/significant other this Labor Day weekend. Additionally, 44 percent of men and women …
The Farmers Insurance Group of Companies has announced a 15 percent rate reduction in workers’ compensation rates for its Texas business customers. This latest reduction comes on the heels of an earlier 20 percent workers’ comp rate cut announced last …