Noted hurricane researcher William Gray, a former Colorado State University climatologist, has revised his Atlantic forecast upward and now calls for a total of nine hurricanes this season — an increase of one. Gray said five of the hurricanes will …
A homeowner is not vicariously criminally liable for the misdemeanor acts of a tree trimmer, the California Supreme Court decided. According to Maria Dolores Ramirez V. Thomas Nelson, a worker for an unlicensed contractor hired by homeowners Thomas and Vivian …
Due to the success of it’s inaugural Exchange conference, MyNewMarkets.com, has scheduled two additional conferences in San Diego on Sept. 4, 2008. and Dallas on Sept. 30, 2008. MyNewMarkets.com Exchange conferences can best be described as insurance “market fairs,” where …
Most of the largest corporations in North America are exposed to natural disasters, but many are not well-prepared for such catastrophes and are not overly concerned about the potential business impact, according to a new study released by business property …
It’s going to cost at least $50,000 to clean up asbestos found in Montpelier, Vermont’s Main Street Middle School. But officials won’t be able to offer the city a more precise figure until next week. The actual clean up and …
A South Carolina company whose airplanes have crashed three times in two months in a resort area has quit pulling advertising banners behind its planes, the Federal Aviation Administration said. On July 16, a Sky Signs plane crashed near Surfside …
Fitch Ratings has affirmed XL Capital Ltd.’s ratings as well as those of its P/C (re)insurance subsidiaries, including the Issuer Default Rating (IDR) for XL, at ‘A’, and the Insurer Financial Strength (IFS) rating of lead (re)insurance companies XL Insurance …
Aon Corporation has launched the “Aon Green Building Property Program,” which it describes as the “industry’s most comprehensive insurance solution to facilitate environmentally friendly and energy-efficient building efforts of commercial property owners and managers.” The coverage is offered as an …
A.M. Best Co. and Standard & Poor’s Ratings Services have both indicated that The Hanover Insurance Group’s agreement to purchase all of the stock of AIX Holdings, Inc. (See related article) is unlikely to result in any change in the …
Willis Group Holdings has launched a North American Yacht practice within its Marine Group, and has appointed a practice leader and team. “The new practice will serve the insurance needs of the owners of North America’s most prestigious luxury yachts, …