U.S. Rep. Gene Taylor says he’ll go back to Washington to push again for passage of a multiple-perils insurance bill. Taylor, D-Miss., who represents south Mississippi in Congress, said people won’t build back on the Gulf Coast until they are …
The Michigan Office of Financial and Insurance Services (OFIS) has issued a “cease and desist” order against a Flint insurance agent for selling bogus Michigan no-fault auto insurance certificates. Chris Densmore, owner of Densmore Insurance Agency, has been illegally issuing …
The Mauna Kea Beach Hotel on the Big Island has sued one of its insurance carriers for denying a $20 million claim stemming from last year’s earthquakes. The hotel has been closed for repairs and renovations since temblors of magnitudes …
While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves of such risks by using new technology to …
About 8,500 individuals and businesses have asked the state Office of Emergency Management about assistance for damage from the recent ice storm, but no individual disaster aid has been approved yet. The federal government has approved assistance to help local …
Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during November include three license revocations, two license denials, and fines and restitution totaling $4,495,150, the Texas Department of Insurance announced. Monetary assessments include a $4.4 million fine …
A high-tech insert, similar in size and shape to a 6-year-old’s abdomen, is being developed for crash test dummies to help improve vehicle safety for children. The prototype is part of an effort to make pediatric crash dummies and crash …
Motorists planning to travel on South Dakota’s interstate highways during dicey winter weather can now get a look-see before they leave the comfort and safety of their homes. The state Transportation Department has installed digital cameras at 19 locations along …
Vermont is on track to post a decrease in traffic deaths in 2007. As of mid-December, 66 people had died on Vermont highways, compared with 87 in 2006 and 73 in 2005, according to the Governor’s Highway Safety Program. “It’s …
Bermuda-based Validus Holdings, Ltd. announced that its wholly owned subsidiary Validus Reinsurance, Ltd. has entered into a collateralized quota share retrocessional reinsurance agreement with respect to certain lines of marine and offshore energy reinsurance contracts for the 2008 underwriting year. …