insurance News

Mexican Trucks Finally Allowed to Enter U.S. Under NAFTA

The first Mexican long-haul truck bound for the U.S. interior crossed at the international bridge at Laredo, Texas, Friday, carrying electronic equipment destined for suburban Dallas and fulfilling a controversial provision of the 1994 North American Free Trade Agreement. Business …

Blaze at New York Landmark Building Hurts 8 Firefighters

A fire at a New York City landmark building has injured eight firefighters. Dozens of fire trucks and 100 firefighters were on the street near the 40-story Equitable Building in Manhattan on Friday. The property is listed as a National …

Weary Irene, Lee Victims in New York Mired in Red Tape

Tropical storms Irene and Lee have left its victims tired and frustrated more than a month after the back-to-back disasters swamped homes, washed away roads and upended lives. Hopes and promises of many for fast bailouts from government and insurance …

Northern Idaho Haystack Fires Cause $142K in Damage

Farmers in northern Idaho believe they were the target of arson after a string of fires in recent months consumed $142,000 worth of baled hay. Fire officials have deemed the four blazes reported since July as suspicious and have launched …

Chartis Launches Reputational Risk Insurance

ReputationGuard, an insurance policy providing innovative coverage to help policyholders cope with reputational threats has been developed by Chartis’ Executive Liability division. The policy delivers the benefit of both access to world-class reputation and crisis communications professionals as well as …

Travelers Expands Special Event Insurance

The Protector Plan for Events, underwritten by Travelers, has expanded beyond weddings to deliver specific coverages for private special events including parties for anniversaries, birthdays, sweet sixteen celebrations, baby showers, holiday parties, and retirements. The plan provides coverage for certain …

State Farm to Stop Insuring Churches in Florida

Florida churches are having to seek insurance elsewhere after one of the state’s provider of coverage to houses of worship has decided to leave the market. State Farm Florida recently announced it will exit the church market, a move that …

Piracy Costs World Shipping Industry $9B a Year

Piracy is costing the global shipping trade more than $9 billion a year, according to Indian ship owners, who on Monday demanded that the U.N. set up a maritime force to halt pirates operating off the Somalian coast in the …

Cause of Hawaii Boat Fire Under Investigation

The owner of a sailboat that burned and sank about a mile south of Waikiki says the vessel is estimated to be worth $1.8 million. Honolulu Fire Department Capt. Terry Seelig said Friday investigators are verifying that amount with the …

Calif. Detective Pleads No Contest to Insurance Fraud

A Los Angeles police detective has pleaded no contest to workers’ compensation insurance fraud for running two private businesses while out on a disability claim for job-related stress. Police said Wednesday that John Vach Jr. has agreed to pay back …