The Rhode Island state board responsible for overseeing Rhode Island’s fire code should update its own regulations and should seek change through the General Assembly only as a “last resort,” said Senate President Joseph Montalbano. State legislators this year considered, …
Lloyd’s turned in a strong first half, booking a pretax profit of £1.807 billion ($3.65 billion), compared to £1.351 billion ($2.732 billion) for the first six months of 2006. Despite the subprime lending crisis, Lloyd’s said its investments “returned over …
In a report published Sept. 26, the UK’s Financial Services Authority (FSA) said that its latest review of “Payment Protection Insurance (PPI) selling standards” revealed some “improvements in some areas, but also that many firms are still failing to treat …
Research and Markets has added “Non-Life Insurance in Brazil” to their offering. The research firm said its new offering is “an essential resource for top-level data and analysis covering the non-life insurance industry. It includes detailed data on market size …
Swiss Re announced the launch of its “Climate Adaptation Development Program” (CADP) at the Clinton Global Initiative 2007 meeting, which took place in New York on Sept.26-28. The Program is “designed to develop a financial risk transfer market for the …
Gov. Ernie Fletcher joined state and local officials in Williamsburg, Ky., to break ground on the I-75/KY 92 interchange project – a long-awaited improvement that will mean greater safety and less traffic congestion for motorists in Whitley County. “We’ve seen …
Gov. Mike Easley declared Spruce Pine, N.C. a state disaster area to help offset damages caused by a series of fires Aug. 4 and Aug. 5, making the town eligible for financial assistance. More than 50 businesses were significantly impacted …
Gov. Sonny Perdue announced that the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) has awarded $3,320,761 in projects that will reduce the possibility of flood damage in three Georgia communities. Peachtree City and DeKalb and Douglas Counties …
Safeco has deployed claims professionals to help customers in Minnesota and North Dakota recover from a damaging hail storm that occurred September 20-21. Safeco claims representatives arrived in the area shortly after the storm to assist customers whose property was …
An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee on Wednesday that a major tax advantage for certain foreign insurance groups could threaten the future of the domestic insurance industry. The …
