While winter storms do not attract the attention of mega-catastrophes such as hurricanes and earthquakes, these smaller events can add up to impact insurers’ bottom lines. However, insurers can now avail themselves of such risks by using new technology to …
Two of Oklahoma’s largest industries, agriculture and tourism, have combined to give local tourist destinations a new level of exposure. The Oklahoma Agritourism initiative, a partnership between the Oklahoma Tourism and Recreation Department and the Department of Agriculture, Food and …
Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during November include three license revocations, two license denials, and fines and restitution totaling $4,495,150, the Texas Department of Insurance announced. Monetary assessments include a $4.4 million fine …
A high-tech insert, similar in size and shape to a 6-year-old’s abdomen, is being developed for crash test dummies to help improve vehicle safety for children. The prototype is part of an effort to make pediatric crash dummies and crash …
The former top executive of RenaissanceRe Holdings Ltd. – who resigned during an SEC probe into his company’s accounting practices – has joined forces with another reinsurance executive to launch a new underwriting management company based in Greenwich, Conn. The …
Motorists planning to travel on South Dakota’s interstate highways during dicey winter weather can now get a look-see before they leave the comfort and safety of their homes. The state Transportation Department has installed digital cameras at 19 locations along …
Atlanta-based Atlantic American Corp. has agreed to sell its property/ casualty unit to Columbia Mutual Insurance Co. of Columbia, Missouri, part of the Columbia Insurance Group. The regional property and casualty business unit being sold consists of Georgia Casualty & …
Vermont is on track to post a decrease in traffic deaths in 2007. As of mid-December, 66 people had died on Vermont highways, compared with 87 in 2006 and 73 in 2005, according to the Governor’s Highway Safety Program. “It’s …
Employers may continue the long-standing practice of taking Medicare into account when structuring the health care benefits voluntarily provided their retired workers, says the Equal Employment Opportunity Commission in a rule published in response to a 2000 court decision. In …
Mississippi Gov. Haley Barbour has appointed incoming Insurance Commissioner Mike Chaney to replace outgoing Insurance Commissioner George Dale 10 days early. Dale is resigning from office effective December 31. Chaney, a Republican from Vicksburg, defeated Democrat Gary Anderson in the …
