Markel Corporation introduced a new insurance product, Outbreak Extra Expense Coverage, specifically designed to protect companies from a closure of their business premises due to a variety of contagions including Avian Flu. Demand for business interruption cover has soared due …
Life insurance and annuity consumers are far more likely to be treated better and be more satisfied when dealing with companies that demonstrate a real, ongoing commitment to ethical business practices. The same companies show better financial performance including a …
Approximately 535,000 Indiana residents enrolled in the Hoosier Healthwise insurance program will gain more choices for their medical care on Jan. 1, 2007 through three managed care organizations, Indiana state officials are saying. Indianapolis-based Anthem Insurance Companies Inc. will join …
U.S. Rep. Richard Baker, R-Baton Rouge, La., recently introduced legislation (H.R. 5924) to improve the SBA’s Gulf Opportunity Loan Program (GO Loans) for small businesses in or relocating to the counties and parishes declared major disaster areas. In response to …
Omaha, Neb.-based World Insurance Company (World), a subsidiary of American Enterprise Mutual Holding Company, recently announced an agreement between General American Financial Resources, Inc. (GAFRI) and AmericanEnterprise to purchase through reinsurance the major medical block of business previously owned by …
Almost twice as many demolition permits have been issued this year in this Lake Charles, La., as in all of 2005 – 160 so far and officials believe that number will go even higher hurricane-related insurance claims are resolved. “Traditionally …
Allstate Insurance Co. bought reinsurance to cover some of the cost of policies all along the East Coast last year, but not for Louisiana – a gamble that cost it $2 billion in claims. The company’s models did not predict …
NYMAGIC, Inc. reported net earnings for the three months ending June 30, 2006 were $6.1 million, or $.67 per diluted share, compared with $5.0 million, or $.56 per diluted share, for the second quarter of 2005. Net earnings for the …
Hurricane researchers are now waying that this year’s hurricane season won’t be as bad as predicted and said a monster storm like Katrina is unlikely. “The probability of another Katrina-like event is very small,” said Phillip Klotzbach, lead forecaster for …
A federal jury in Jackson, Mississippi ruled last Friday against five families who claimed their children’s mental disabilities were caused by lead paint peeling from in their decades-old apartments. Attorneys for Dallas-based paint manufacturer NL Industries, Inc., had argued the …