Willis North America, a unit of Willis Group Holdings, has published its Directors and Officers Liability (D&O) Insurance Dictionary, offering firms an overview of terms that are likely to be used in describing their D&O insurance and liability exposures. This …
States participating in the Non-admitted Insurance Multi-state Agreement, or NIMA, have adopted a premium allocation method for distributing surplus lines premium taxes on casualty insurance. The adopted method aims to streamlines the allocation and distribution process of surplus lines premium …
Sufficient capacity remains available in the insurance and reinsurance markets to meet the demand for coverage prior to the approaching U.S. hurricane season, according to Fitch Ratings. Early forecasts for the 2012 U.S. hurricane season are that the North Atlantic …
The Senate agreed yesterday in a unanimous consent to extend the National Flood Insurance Program (NFIP) for 60-days past its current expiration date of May 31. Last week, the U.S. House of Representatives voted 402 to 18 on a separate …
Claims by four of Wall Street’s main market makers against Nasdaq over Facebook’s botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed …
The 2012 Atlantic hurricane season will be “near normal” with nine to 15 tropical storms and four to eight of those will strengthen into hurricanes, the U.S. government weather agency predicted on Thursday. One to three of those will grow …
U.S. Sen. David Vitter, R.-La., said he and Senate Majority Leader Harry Reid, D.-Nev., have forged a bipartisan agreement to allow floor time on a five-year extension of the National Flood Insurance Program (NFIP) when it returns after Memorial Day …
For the first time in four years, no area of the country faces a high risk of major to record spring flooding, largely due to the limited winter snowfall, according to the weather forecasters. The National Oceanic and Atmospheric Administration’s …
The NFL’s move to make thigh and knee pads mandatory equipment for the 2013 season already has drawn criticism from the guys who will have to wear them. Not long after Atlanta Falcons President Rich McKay, chairman of the competition …
On a set of 10 steps states can take to prevent injuries , 24 states scored a five or lower. Two states, California and New York, received the highest score of nine out of a possible 10, while two states …
