Alabama Gov. Bob Riley and Insurance Commissioner Walter Bell on Wednesday directed insurance companies in Alabama to provide a 60-day grace period on non-payment of premiums to citizens affected by Hurricane Ivan. The period begins retroactive to Sept. 15 and …
Continuing to act on his pledge to improve California’s business climate and prevent expensive litigation and abuse by special interest groups, Gov. Arnold Schwarzenegger (R) has vetoed legislation sponsored by personal injury attorneys that would have increased the cost of …
Chicago-based Acordia Inc. became the largest insurance brokerage to date to adopt The Agency Manager Vision Series, the enterprise agency management solution from University Park, Ill.-based Applied Systems Inc. Acordia reportedly chose the Vision Series with resounding endorsement from its …
Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s (www.iso.com) Property Claim Services (PCS) unit. Hurricane Frances made landfall between West Palm …
Seventy-two fatal work injuries were recorded in Minnesota in 2003, a decrease of nine cases from 2002, according to the Census of Fatal Occupational Injuries, conducted by the Bureau of Labor Statistics. The total is below the five-year average for …
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA), the Mississippi Emergency Management Agency (MEMA) and voluntary agencies continue to help Mississippians recover from Hurricane Ivan. To date, more than $400,000 in disaster assistance has been sent to …
For weeks, more than 1,200 of Progressive’s largest independent agents and brokers have speculated about why the company invited them to meet in Las Vegas. Their questions were finally answered as the Progressive group of insurance companies—the country’s largest writer …
Columbus, Ohio-based regional property/casualty carrier State Auto Financial Corp. estimates that hurricanes Charley, Frances and Ivan, cumulatively, will contribute about $32 million to $36 million in pre-tax losses, or 13 to 14 loss-ratio points, to third quarter results. “The recent …
Responding to increases in the frequency and severity of global terrorist activity in each of the past three years, Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced the launch of a …
Arthur J. Gallagher & Co. announced it has acquired the Sheridan Insurance Group of Friendswood, Texas. Terms of the transaction were not disclosed. Founded in 1984, the Sheridan Insurance Group, doing business as National Health Services, is an insurance brokerage …
