A private firm has released its study of how Louisiana would operate a “catastrophe fund,” one of several ideas lawmakers are considering to help ease the state’s property insurance crisis. The study outlined a hypothetical “cat fund” that would provide …
In the wake of a flurry of critical comments made by consumer activist groups aimed at the methodology Risk Management Solutions employed to establish “near term” hurricane models, RMS’s public policy department fired back with a rebuttal. “Our model reflects …
Ind.-based Leisure/Sports Specialists, LLC (LSS), a privately held underwriting organization that distributes specialty sports and leisure insurance products through retail brokers, recently announced that it has established a partnership agreement with Target Market Specialists (TMS), a subsidiary of RLI, an …
Standard & Poor’s Ratings Services reported that ratings on the members of State Auto Group (A/Stable/) were not affected by State Auto’s recently completed purchase of Beacon Insurance Co. With the acquisition, Texas becomes State Auto’s 29th state of operation. …
The Illinois House voted Wednesday to give illegal immigrants a way to drive legally on the state’s roads, a move supporters say will be controversial but should improve highway safety. Illinois police organizations support the measure. But Secretary of State …
Judicial watchdog Ed Murnane long has been critical of Madison County’s reputation as a plaintiff’s paradise in big-money lawsuits, and he knew changing that would take baby steps. So it was little wonder that the chief of the Illinois Civil …
Connecticut Attorney General Richard Blumenthal said the state Department of Insurance (DOI) has failed to hold an insurance company accountable for “repeatedly and unconscionably denying consumers promised health benefits.” After seven months of what he terrms “prodding and cajoling” the …
Lexington Insurance Co., a member company of American International Group, Inc. (AIG), has expanded its Violence Guard suite of services, available to Lexington’s employment practice liability (EPL) insureds to provide additional complimentary services designed to help employers prevent, respond to, …
A construction crew in Buffalo, N.Y. began erecting a safety railing minutes after a worker plunged 30 feet to his death and ignored repeated orders to stop as paramedics battled to revive the victim, police said. Within minutes of the …
Two aging fireboats that helped fight the inferno caused by the Sept. 11, 2001 terrorist attacks on the World Trade Center will be replaced by gleaming vessels that are larger and far more powerful, New York City fire officials said. …
