Thu, 24 Jul 2014 16:59:47 +0000
New York Gov. Andrew Cuomo announced on Wednesday $175 million in funding to cover local governments’ costs to repair and rebuild infrastructure damaged by Superstorm Sandy. When participating in FEMA’s Public Assistance (PA) program, local governments...
Thu, 24 Jul 2014 16:52:46 +0000
A Central Texas jury has delivered a nearly $30 million verdict against the Lower Colorado River Authority. A Comal County jury returned the verdict in favor of New Braunfels Utilities. The Austin-based river authority manages water resources and provi...
Thu, 24 Jul 2014 16:45:29 +0000
Esther Mibab felt nervous in her home in The Acreage in West Pam Beach, Florida. So nervous that she kept her accordion-style hurricane shutters closed, even in the off-season. Closed and locked. From the outside. Authorities say that cost her … The ar...
Thu, 24 Jul 2014 16:40:46 +0000
The Louisiana Workforce Commission says the state in June set records for both private sector and total nonfarm employment, according to seasonally adjusted employment data released by the federal Bureau of Labor Statistics. Private sector employment r...
Thu, 24 Jul 2014 16:39:47 +0000
The politically connected former CEO of a prominent New York City charity was sentenced to prison Wednesday for helping to steal more than $9 million from the anti-poverty organization. William Rapfogel, who once headed the Metropolitan Council on Jewi...
Thu, 24 Jul 2014 16:15:38 +0000
FM Global appointed Peter Pettinicchio as vice president and manager for global client services and sales operations. He is based in FM Global’s Johnston, Rhode Island, headquarters. Pettinicchio joined FM Global in 1978 as a property loss prevention e...
Thu, 24 Jul 2014 16:06:21 +0000
Two former employees of the Miles City branch of Stockman Bank in Montana have filed a lawsuit alleging sexual discrimination by their supervisors. Cindy Conley of Miles City and Tracee Burchell of Castle Rock, Colorado, filed the federal case allegin...
Thu, 24 Jul 2014 16:02:10 +0000
Allstate Insurance Co. plans to add several local agency owners in Washington, Oregon, Idaho, Alaska and Hawaii in 2014. Allstate’s plan is to recruit 51 new exclusive agents, 13 financial specialists and the company expects agency owners will...
Thu, 24 Jul 2014 15:53:04 +0000
Farmington, N.M.-based Millennium Insurance Agency has merged with Leavitt Group Four Corners. In the combined operations, Millie Howle and Terry Hayes are partners along with the current co-owner, Ryan Woolverton. Leavitt Group Four Corners is part of...
Thu, 24 Jul 2014 15:46:29 +0000
The Dan Pittman Insurance Agency Inc. of Windsor, North Carolina, has joined The Iroquois Group network, according to Ann A. Harmon, agency principal, and Iroquois. The independent insurance agency joined Iroquois on July 15, according to the announcem...
Thu, 24 Jul 2014 15:45:18 +0000
Massachusetts Gov. Deval Patrick on Wednesday signed into law legislation that prohibits creditors from requiring residential property owners to buy flood insurance in an amount that exceeds the balance of their mortgage or the value of a home equity l...
Thu, 24 Jul 2014 14:05:58 +0000
Markel Ventures Inc. has acquired a majority interest in Cottrell Inc. of  Gainesville, Georgia, a firm that designs and manufactures over-the-road automobile transport equipment. Terms of the transaction were not disclosed. Markel Ventures is a wholl...
Thu, 24 Jul 2014 13:57:28 +0000
Jurors in Florida have determined that the Agape Baptist Church must pay $471,798.50 to a man who was severely burned after setting fire to a pile of trash while working off community service hours. The verdict in Ocala includes $300,000 … The article ...
Thu, 24 Jul 2014 13:53:49 +0000
Gov. Nikki Haley has appointed Mike Campbell to serve on the South Carolina Workers’ Compensation Commission. Haley cited Campbell’s business experience and community involvement in the appointment. Campbell, a business development consultant and son o...
Thu, 24 Jul 2014 12:48:03 +0000
An Air Algerie-operated MD-83 carrying 116 passengers and crew disappeared en route from Burkina Faso in Africa to Algiers, the aircraft´s owner said. The plane, which took off in the West African country shortly after midnight, was supposed to land …...
Thu, 24 Jul 2014 12:37:03 +0000
American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwan’s Magong airport, according to Aon Plc, a broker that tracks the market for aviation coverage. The ATR-72 plane is valued at...
Thu, 24 Jul 2014 12:28:00 +0000
Everest Re Group reported second quarter 2014 net income of $290.2 million, or $6.26 per diluted common share, compared to net income of $275.6 million, or $5.56 per diluted common share, for the second quarter of 2013. After-tax operating income, … Th...
Thu, 24 Jul 2014 10:45:36 +0000
Insurers are expected to hike war risk premiums for airlines following losses due to global conflicts, including the downing of a Malaysia airplane over Ukraine, insurance rating agency A.M. Best Company said on Wednesday. The insurance settlement of t...
Thu, 24 Jul 2014 10:38:24 +0000
Allied World Assurance Company Holdings, AG reported net income of $151.9 million, or $1.52 per diluted share, for the second quarter of 2014 compared to a net loss of $1.9 million, or $0.02 per diluted share, for the second quarter … The article Allie...
Thu, 24 Jul 2014 10:27:34 +0000
A.M. Best has released a preliminary report, which indicates that the “total insurance loss of Malaysia Airlines Flight MH-17, which crashed over the Ukraine-Russia border on July 17, 2014, is not expected to result in any ratings actions.” Best’s Br...
Thu, 24 Jul 2014 10:15:16 +0000
According to catastrophe modeling firm AIR Worldwide, Typhoon Matmo, the third typhoon in the western Pacific Basin in less than three weeks, “made landfall in Taiwan around midnight, local time, Tuesday night with winds over 160 km/h [100 mph] and …...
Thu, 24 Jul 2014 10:05:59 +0000
Forty-eight people are dead and 10 injured after a TransAsia Airways Corp. passenger plane crashed as it prepared to land on Taiwan’s outlying Penghu Islands. Flight GE222, a twin-engine ATR-72 turboprop, was making a second approach to Magong Airpor...
Thu, 24 Jul 2014 10:00:32 +0000
James E. Emig has joined IFG Companies as director of its Bind Property unit, where he will be responsible for property and package business across the United States. Emig will be based in IFG’s Atlanta office. He joins IFG Companies after … The artic...
Thu, 24 Jul 2014 09:00:37 +0000
Global top performers in the high-churn personal insurance industry win over customers with consistent outreach that relies on multiple channels for customers to connect including phone, internet or face-to-face.  However, insurers that overemphasize ...
Thu, 24 Jul 2014 09:00:06 +0000
The share of young adults living with parents or other family members in the U.S. continues to grow in the aftermath of the most severe recession in the post- World War II era. A record 57 million Americans, or 18.1 … The article 1 in 4 Young Adults Do...
Thu, 24 Jul 2014 05:01:48 +0000
Ascent Underwriting, a managing general agent (MGA) specializing in emerging and professional risks, has enhanced its CyberPro medical billings errors and omissions product and increased limit availability to $5 million. The insurance product was launc...
Thu, 24 Jul 2014 01:39:02 +0000
The Ohio Bureau of Workers’ Compensation has reached an agreement in principle to settle the San Allen case, a class action lawsuit filed in 2007 against the BWC over the pricing of workers’ comp policies that were in place between … The article Ohio...
Thu, 24 Jul 2014 00:51:24 +0000
More than half a day after an industrial fire broke out in the North Dakota oil patch town of Williston, N.D., authorities still were unable to say what caused the massive blaze. The fire, which started around midnight Monday and … The article Cause of...
Thu, 24 Jul 2014 00:46:12 +0000
Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial Guaran...
Thu, 24 Jul 2014 00:41:05 +0000
More people will be required to buy flood insurance in Fargo because of a change in flood plain maps. About 2,000 homes and businesses will need insurance when the new Federal Emergency Management Association map goes into effect in January. … The arti...