A Texas Advisory Council on Arson (ATAC) has elected new officers for 2007. David Mitchell, property claims supervisor for the Republic Groups, has been elected president. Stacy Singleton, director of emergency operations in Burleson, was elected vice president. Kay Viney, …
Saltwater intrusion is hindering rice production and cutting into available pasture land for cattle in Vermilion Parish but parish officials say state aid has been obtained to repair levee leaks blamed for the problem. County Agent Howard Cormier recently reported …
The Texas Department of Insurance announced that enforcement actions taken by Commissioner Mike Geeslin that became final during February include 10 license revocations, a license denial and fines and restitution totaling more than $250,000. Copies of Geeslin’s orders may be …
Illinois Attorney General Lisa Madigan issued an alert on March 21st about a recall of children’s necklaces that contain high levels of lead that may be toxic if ingested by young children and can cause adverse health effects. The recall …
London-based Xchanging announced plans for an initial public offering, and the listing of its shares on the London Stock Exchange. The offer is limited to the UK and selected European countries; no listing will be made in the U.S. or …
U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that boosts the program’s borrowing authority to $21.5 billion, increases the maximum coverage limits and provides for business interruption coverage. Backers …
Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among life/health insurers. That is according to two new A.M. Best Co. special reports, …
A new federal rule allowing increased penalties for mine safety violations could be meaningless if inspectors feel they cannot impose them, skeptics say. The changes, which take effect in late April, were required by the federal Mine Improvement and New …
Lloyd’s and the London markets are about to launch a new campaign “to encourage the brightest young talent in the marine market to play a role in shaping its future.” The Lloyd’s Market Association (LMA) and the International Underwriting Association …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Hong Kong’s Hang Seng Insurance Company Limited with a stable outlook. “The ratings reflect Hang Seng Insurance’s strong risk-adjusted …