Cyclone Nargis, which made landfall in the Irrawaddy delta region in Myanmar (Burma) on Saturday, is likely to become the third most deadly event so far in the 21st century (after the 2004 tsunami and – so far – the …
Bermuda’s Max Capital Group Ltd. increased its gross premiums written by over 30 percent from $213.6 million to $306.6 million in the first quarter of 2008. Unfortunately, that wasn’t sufficient to escape the credit crunch that has affected most of …
Newton, Mass.-based claims technology firm Innovation Group reported final shareholder approval of the acquisition of Choice Certified Solutions, a network of water mitigation and general contracting services. The company also launched the Innovation Property Managed Network of contractors providing mitigation …
You may have a difficult time obtaining new clients on a regular basis; this is a common complaint of many insurance agents. If this sounds like you, there are some simple tips that you can follow in order to increase …
The U.S. Consumer Product Safety Commission, in cooperation with the firm named below, announced a voluntary recall of the following consumer product. Consumers should stop using recalled products immediately unless otherwise instructed. Name of Product: Twister Hammerhead Dune Buggies Units: …
Adding wind coverage to the current federal flood and wind insurance program could benefit some policyholders and market participants but would also involve trade-offs, says a new government report. While current legislation to add wind to the flood program would …
A.M. Best Co. has revised the outlook to positive from stable for the ratings of New Zealand’s Pacific International Insurance Limited (PII), and has affirmed PII’s financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-“. “The rating …
Standard & Poor’s Ratings Services has revised its outlook on Great Northwest Insurance Co. (GNIC) to stable from negative, and has also affirmed its ‘BB-‘ counterparty credit and financial strength ratings on GNIC. “The rating action reflects our opinion that …
Hotchkiss Insurance Agency LLC and Texas Mutual Insurance Company announced a $59,360.36 dividend to the Texas Home Builders Workers’ Comp (THB-WC) purchasing group. Formed in September 2005 the group is exclusive to home builders in Texas. Hotchkiss manages the purchasing …
In one month alone, thieves stole the copper coils from more than 100 air conditioners in Oklahoma City, police said. They then sell the material to recyclers for $3 to $4 a pound, leaving thousands of dollars in repair costs …