Items used to prepare for a hurricane would be exempt from Virginia’s 5 percent sales tax during the last week of May each year under legislation that got final passage on Saturday. Sales tax wouldn’t be collected on portable generators …
A new policy prohibits Wisconsin legislative employees from taking home documents that contain sensitive personal information. The change in policy, enacted Feb. 5, comes after insurance documents containing the names, addresses and Social Security numbers of state Assembly members and …
Congressman Paul E. Kanjorski, D. Pa., chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, announced that the Subcommittee will hold its first hearing in New York City to discuss extending the Terrorism Risk …
Wind-mitigating building codes implemented in Florida following Hurricane Andrew helped some houses resist a string of deadly tornadoes that hit the state earlier this month, says a wind researcher who surveyed the damage. Larry Tanner, a civil engineering research associate …
Texas Mutual Insurance Company announced a $43,392 dividend for the Texas Produce Association (TPA) purchasing group. Premium volume and loss ratio were key factors in the group’s second consecutive dividend. Members earn a premium discount based on the premium volume …
RenaissanceRe announced that it will participate in a project, conducted by Florida International University’s (FIU) International Hurricane Research Center (IHRC) and WeatherPredict Consulting, Inc., a U.S. affiliate of RenRe, to develop “The RenaissanceRe “Wall of Wind” (WOW). The bulletin described …
Toronto-based Fairfax Financial Holdings recorded net earnings in US dollars of $159.1 million for the fourth quarter of 2006 and $227.5 million for the 2006 year ($8.45 and $11.92 per diluted share, respectively). The figures included “the effects of a …
Washington Insurance Commissioner Mike Kreidler has ordered a national glass company to stop offering rebates to consumers who have their damaged vehicle windshields replaced by the company because the rebates violate state insurance laws. The Office of the Insurance Commissioner …
Swiss Re announced that it has completed the sale of its London office building, located at 30 St. Mary Axe, to an affiliate of the real-estate corporation IVG Immobilien AG for £600 million ($1.18 billion) (See IJ web site Feb. …
California’s State Compensation Insurance Fund and the California Public Utility Safety Alliance are sponsor a safety seminar about the dangers of working near overhead and underground gas and electrical lines on Feb. 28. The seminar, “Contractor Beware: Safety around Overhead …