The government is making available subsidized insurance to livestock farms for the first time, in the form of policies that will give protection to hog producers from reductions in income. As reported by the Associated Press, the policies will be …
The leading U.S. financial firms and law enforcement agencies are mulling over an agreement that would give authorities sweeping power to track terrorists using the financial system, the Wall Street Journal reported. The agreement would cover banks initially, but would …
The House of Representatives is expected to consider HR 3210, the Terrorism Risk Insurance Act, this Thursday, Nov. 29. One of the most important provisions of the bill of concern to National Association of Independent Insurers (NAII) members is cross-subsidization …
Damage from a fire that recently toppled the gold dome and cupola of Iowa’s Old Capitol building, which was built 160 years ago and served as the state’s first capitol, will be at least partially covered by insurance held by …
Two of the world’s biggest insurance brokers are growing. Arthur J. Gallagher & Co. announced that it had acquired MRS Holdings Ltd. of London for an undisclosed amount, and Willis Group Holdings said it will increase its stake in German …
Bermuda’s XL Capital announced that it “is realigning” its Lloyd’s operations. As of January 1, 2002 it will take over all the funding of two syndicates run by XL Brockbank Ltd., and two other syndicates, numbers 588 and 861, “backed …
Lloyd’s revised estimates of the net losses suffered by its syndicates as a result of the destruction of the World Trade Center and related events to £1.9 billion ($2.7 billion), £600 million ($849 million) more than its initial estimate, an …
The Insurance Federation of Pennsylvania (IFP) and the City of Philadelphia have concluded a partnership with leading Internet provider CIBER, Inc. to create a web application to more rapidly view and receive the 70,000 auto accident police reports which are …
The U.S. Attorney’s Office in Philadelphia has been forced to drop all charges against a Bucks County couple accused of hiring a handyman to burn down their luxury home and cars in order to obtain a $1.1 million insurance payment, …
In what has become an annual tradition, California-based 21st Century Insurance celebrated Thanksgiving Day by presenting a check for $100,000 to Union Rescue Mission in downtown Los Angeles. The gift was presented by Joyce Prager, community marketing director for the …
