Swett & Crawford rolled out a new approach to serving the insurance needs of exterior insulation finishing system (EIFS) applicators nationwide. Under the company’s new Specialty Stucco Insurance Strategy (SSIS), Swett & Crawford will recognize selected independent agencies dedicated to …
Signs are emerging that history is repeating itself in New Orleans, still healing from Katrina: People have forgotten what happened after Hurricane Betsy caused catastrophic flooding four decades ago and again believe the federal government is constructing a levee system …
Seventy eight percent of the 2,798 impairment rating reports that were reviewed by experts in impairment assessment were judged to be incorrect by a recent study. The errors are mostly attributed to failure to follow the guidelines of the American …
According to catastrophe risk modeling firm AIR Worldwide, Typhoon Nuri had weakened into a tropical storms when it came ashore over Hong Kong with maximum sustained winds of near 90 km/h (55 mph). AIR indicated Nuri had been expected to …
Standard & Poor’s Ratings Services has placed its ‘BBB+’ counterparty credit rating on Aon Corp. on CreditWatch with negative implications, following the announcement that Aon has “signed a definitive agreement to acquire unrated, U.K.-domiciled (Bermuda incorporated) reinsurance and risk intermediary …
Marsh is warning jewellery collectors of the risk of underinsurance in the wake of spiralling diamond and precious metal prices. The broker issued a bulletin from its London office, which notes that “over the past 12 months, the price of …
Lloyd’s and Risk Management Solutions will publish a new report on coastal flooding on Tuesday, Sept. 9 in conjunction with the Reinsurance Rendezvous in Monte Carlo. Lloyd’s said the report looks specifically “at how measures to defend against flooding could …
A food poisoning outbreak that has killed four Canadians and sickened at least 21 others has been genetically linked to meat produced at a plant owned by Maple Leaf Foods Inc authorities said Saturday. The company, one of Canada’s biggest …
Nestle Prepared Foods Co. issued a recall for over 215,000 pounds of Hot Pockets Pepperoni Pizza made at an eastern Kentucky plant. Nestle issued the recall on Aug. 21 after receiving complaints from consumers about foreign products inside the stuffed …
Authorities sentenced a pregnant Georgia woman to five years in prison after being convicted of setting fire to a car belonging to her ex-boyfriend’s new girlfriend. Takelia Cherry also must pay $3,600 to April Jarrell for damage to the car …