A new actuarial study concluding that a New Jersey Supreme Court ruling will substantially increase costs for drivers that choose no fault coverage shows there is a significant need for legislation to correct the decision, according to the National Association …
Vulcan Capital Acquires Majority and Controlling Ownership Interest of ICAT Boulder and Seattle — International Catastrophe Insurance Managers, LLC (ICAT) and Vulcan Capital (Vulcan) today announced Vulcan’s acquisition of a majority and controlling ownership interest of ICAT. Vulcan Capital is …
Florida doctors who had medical malpractice coverage with the former Caduceus Self Insurance Fund Inc. could potentially see reimbursements for assessments they paid to bail out the financially impaired company after a jury found the defunct company is owed nearly …
The Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has provided more than $544.1 million in assistance to some 311,113 individuals affected by Hurricane Rita since the Sept. 24 federal disaster declaration. A snapshot of other disaster aid in …
Structural engineer Paul Durand recently released the following “New Orleans Property Owner’s Bill of Rights,” which offers consumers tips on getting compensated for property claims in the wake of Hurricane Katrina: Anyone trying to restore their lives after the latest …
International Barrier Technology Inc., a manufacturer of proprietary fire resistant building materials, reported a net income of $35,761 for the three month period ending Sept. 30, 2005. Record sales volume of $1,615,865 and 1,651,400 sq. ft. for this period were …
A list of the 2005 hurricane season’s most unique characteristics and facts has been released by Colorado State University. A CSU statement said that the just-completed hurricane season was the most active and destructive one on record. Seasonal characteristics and …
The Everest Re Group announced from Bermuda that it has agreed to sell approximately $280 million of its common shares to Wachovia Securities, which will subsequently offer the common shares to public investors pursuant to an automatically effective Form S-3 …
The hurricane “season” is largely expected to come to a finish by the end of November, and for the Caribbean and U.S. coastal regions hopefully it has. However, Hurricane Epsilon, the 29th named storm of this extraordinary season, is currently …
The TRIA subgroup of the American Academy of Actuaries issued a statement late last week that concluded that the “magnitude of potential insurance claims due to terrorist events makes permanent federal legislation necessary in order to make terrorism coverage widely …