At least 20,000 head of livestock are roaming loose throughout several Southeast Texas counties, said state officials who are working to get feed and water to the cattle and horses that have been without either since Hurricane Ike came ashore …
Commissioner Jim Donelon said the Louisiana Citizens Property Insurance Corp. has received 26,000 Gustav claims so far and the company estimates the storm will cost it $150 million – an amount Donelon said Citizens can handle with the cash it …
American National Insurance Company, which is headquartered in Galveston, Texas, reported that its operations are open in the League City and San Antonio offices. The company said while its disaster recovery plan is being implemented, there will be some temporary …
The number of workers’ compensation claims has gone down since a 2005 Missouri law made it harder to prove workplace injuries. Insurance premiums also have declined for businesses. Republican Gov. Matt Blunt touts that as a success. But Democratic Auditor …
A.M. Best’s preliminary assessment of the potential financial impact from Hurricane Ike concludes that, even though its passage was a “sizeable catastrophic event, the overall financial impact to both the primary and reinsurance sectors is expected to be generally manageable …
Rolf Tolle, Lloyd’s Franchise Performance Director, speaking at the International Union of Marine Insurers’ Conference in Vancouver, noted that low inflation, huge rises in commodity prices and the growth of import-export activity of emerging economies have boosted the marine and …
Bermuda-based Flagstone Reinsurance Holdings Limited announced that its preliminary estimate of claims relating to its exposure to Hurricane Gustav are currently expected to be approximately $30 million, and exposure to Hurricane Ike are currently expected to be approximately $55 million. …
Bermuda-based PartnerRe Ltd. announced it held $110 million face value of fixed income securities issued by Lehman Brothers Holdings Inc. The investment bank filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York …
U.S. Sen. Lindsey Graham says South Carolina farmers who have been battling drought conditions are now eligible for low-interest loans after federal agriculture officials declared disaster areas throughout the state. Graham announced on Sept. 15 that the U.S. Department of …
California Insurance Commissioner Steve Poizner hosted a pure premium rate advisory hearing on the recommended 16 percent increase in the pure premium rate by the Workers’ Compensation Insurance Rating Bureau (WCIRB) on Sept. 16, 2008. “I am pleased the workers’ …