Standard & Poor’s Ratings Services has issued a report, noting the 2008 outlook for the North American property/casualty insurance, life, health, and reinsurance sectors are stable due to several years of strong earnings, improved levels of capital adequacy, ample liquidity, …
Winter brings more than just cold temperatures. It also brings an increased flood risk and the Federal Emergency Management Agency (FEMA) is warning residents of Idaho to prepare now — well ahead of rising waters. This year, predictions for La …
Businesses along Interstate 10 between Lafayette and Baton Rouge, La., say they lost numerous potential customers when a gas well blowout forced detours along a 55-mile stretch. The interstate was closed Nov. 15 and reopened Nov. 25. The closure effectively …
Washington Insurance Commissioner Mike Kreidler has fined a New Jersey insurer and its affiliated companies $250,000 for multiple violations of Washington insurance laws discovered during a market conduct examination of the companies. Kreidler levied the fine against Chubb & Son, …
Jürg Morach has been named claims manager for California’s State Compensation Insurance Fund’s Sacramento District Office. Morach brings more than 18 years of State Fund experience to his new post. He was hired as a claims adjuster in 1989 for …
Philadelphia Insurance Cos. has introduced a new online policy delivery system. Effective Dec.1, 2007, agents and policyholders will receive policy documents and endorsements electronically. In addition to viewing policy documents, the online portal provides accessibility to billing, claims reports, business …
Zurich North America announced it has added 100 monoline workers’ comp business classifications to its coverage offerings. Most of the new classes are for light manufacturing, wholesale and service company risks. The new classifications for light manufacturing encompass clothing, food, …
Authorities are concerned that tree limbs and branches knocked down by an ice storm 10 months ago could create a wildfire risk in Missouri for several years. The Missouri Department of Conservation estimates there are about 34 tons of branches, …
Three former lead paint manufacturers asked a judge this week to strike down a proposed Rhode Island plan calling for the companies to pay about $2.4 billion to clean up thousands of properties contaminated with the toxic substance. The state …
Ever wonder why New Jersey’s auto insurance cards are so much larger than a driver’s license or vehicle registration? Assemblyman Patrick Diegnan wonders. “It just doesn’t make sense to have two motor vehicle documents at one size and a third …