Foreclosures haven’t hit local condominium associations as much as their peers in some states, but that may change as new assessments are sent out to help pay for insurance. Condo foreclosures hit a plateau about six months ago, according to …
Secretary of State Al Jaeger said a proposal to change how North Dakota’s workers compensation agency is run will be on the statewide ballot in November. Jaeger says he has reviewed petitions submitted by the measure’s supporters, and they contain …
In late August, Texas Gov. Rick Perry named Rod Bordelon of Austin as commissioner of the Workers’ Compensation Division at the Texas Department of Insurance, replacing outgoing commissioner Albert Betts. Bordelon’s term expires Feb. 1, 2009. The Texas Department of …
Hurricane Gustav will cost the global insurance industry up to $8 billion, Swiss Reinsurance Co. said Monday. Insured damages from natural disasters through the end of August were 20 percent higher than in the same period last year, the company …
As Hurricane Ike barrels over Cuba and heads toward the Gulf of Mexico, it has the potential to become the storm that insurance companies in Texas have feared most, according to the Insurance Council of Texas. As of Sept. 9, …
Cargo theft accounts for up to $25 billion in direct merchandise losses each year, according to the National Cargo Security Council. With more than 675,000 registered interstate motor carriers moving 65 percent of the freight in the United States, the …
Improperly installed ultra-thin gas lines have left thousands of central Indiana homes in danger of fuel-fed fires if struck by lightning, but the state has made no concerted effort to warn homeowners, a report issue on Sunday, September 7 said. …
Standard & Poor’s Ratings Services has concluded that “Europe’s insurers are allowing themselves to be caught up in the gloom that shrouds equity and capital markets.” In a report entitled – “European Insurance Sector’s Credit Quality Remains Healthy Despite Gloomy …
Standard & Poor’s Ratings Services has published two reports, coinciding with the Reinsurance Rendezvous in Monte Carlo, which examine the reinsurance industry’s progress in implementing risk management techniques, the current pricing levels for reinsurance, and the possible effect on company …
New York officials say a construction worker’s rigging license has been suspended and he’s facing administrative charges after a worker plummeted 40 stories to his death at a midtown Manhattan skyscraper. The city Department of Investigation and Buildings Department say …