National News

IronHealth Increases Limits, Broadens Coverage for Healthcare Professional Liability

Bermuda-based IronHealth, the specialty healthcare unit of Ironshore Inc., has enhanced its Healthcare Professional Liability (HPL) insurance product, increasing limits to $50 million and broadening the scope of coverage. IronHealth’s  HPL coverage can now include individual limits for employed or …

Marsh & McLennan Names Dunn Director for Military, Veterans Affairs

Marsh & McLennan Companies Inc.  said that Eddie Dunn has joined the firm as director, Military and Veteran Affairs. In this role, Dunn will support the U.S. Veterans Talent Initiative Marsh & McLennan announced last November. He will be responsible …

2013 P/C Insurers’ Results Show Net Gain on Underwriting– First Since 2007

U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 percent. …

Claims, Oil and Resentments Linger Four Years After BP Oil Spill

Four years after the Deepwater Horizon spill, oil is still washing up on the long sandy beaches of Grand Isle, Louisiana, and some islanders are fed up with hearing from BP that the crisis is over. Jules Melancon, the last …

Local Officials Urged to Educate Public on Storm Risks, Building for Future

Two of the country’s top disaster experts challenged emergency managers and forecasters from Texas to Maine to help educate coastal residents and developers about hurricane hazards. Speaking at the National Hurricane Conference in Orlando, the head of the Federal Emergency …

Financial Regulators Tell Congress TRIA Still Needed

The private insurance market is not in a position to fill the gap that would be created if Congress fails to renew the federal terrorism risk insurance program, concludes a new report to Congress by the government’s financial regulators. If …

Democrats Seize on Koch Brothers, Republican Opposition to Flood Insurance

17 Apr 2014 09:00 Democrats are exploring a new attack line against the Koch brothers and Republican allies, telling voters the billionaire energy executives want to let home flood insurance premiums soar to help corporate America. It’s a potentially potent …

Starr Receives Listing as Approved Surety from U.S. Treasury

Starr Companies has received approval from the United States Department of Treasury to list Starr Indemnity & Liability Co. as an approved surety. The Treasury listing enhances Starr Financial Lines’ Crime & Fidelity product offerings. With the Treasury listing, Starr …

GM Bankruptcy Shield from Claims May Cut Payouts by Billions

General Motors Co.’s move to freeze ignition-defect lawsuits in California and Texas has solid legal precedent behind it and could help slash customer demands for compensation by billions of dollars. GM asked federal judges in both states last week to …

Forecasters to Issue Special Maps, Warnings on Storm Surge

Forecasters at the National Hurricane Center hope new color-coded maps they’re trying out this year will simplify two important points about storm surge for coastal residents: how far from the beach the water will spread and how high that water …

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