While not yet a named storm, a weather system developing in the Gulf of Mexico has prompted Louisiana Governor Kathleen Babineaux Blanco to declare a precautionary State of Emergency, the governor’s office said. The developing storm is predicted to become …
James River Group, Inc. reports it has scheduled a Nov. 6 stockholders meeting to vote on the proposed sale of the company. Bermuda-based investment manager D. E. Shaw wants to acquire the North Carolina- based excess and surplus and workers’ …
The New Jersey Young Insurance Professionals and the Professional Insurance Agents of New Jersey Inc., are calling for college students to submit their resumes to Project Y (http://www.projectynj.org), the associations’ joint effort to generate interest in insurance professions among today’s …
The Port Authority of New York and New Jersey has initiated a policy requiring parking lot, landscaping, cleaning and other contractors it uses to carry health insurance for their employees. The stated policy will require contractors “bidding on Port Authority …
Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key decision. Plaintiffs in the case, who had …
A Brayton, Mo. woman is suing her gynecologist for allegedly not telling her that he accidentally cut open a tumor he removed from her ovary, spilling cancerous tissue in her abdomen and causing her cancer to spread. The lawsuit, filed …
Michigan businesses will see their pure premium rates for workers’ compensation insurance drop in 2008 by more than 4 percent. Private insurance carriers use the pure premium rate to compare their rate structure for workers’ compensation coverage for the coming …
The Bush Administration is dropping its effort to standardize how government agencies develop risk assessments intended to protect the public or the environment. A bulletin announcing new standards was put on hold in January, following criticism by the National Academy …
The Munich Re Group has moved three of its London market P/C core business units to one location at Plantation Place in Fenchurch Street. The goal is to “to maximize broker and client access to its insurance and reinsurance operations …
London-based “paperless” trading service RI3K announced that Aon has now been expanded the use of the program to include the specialty and direct divisions as well as treaty reinsurance. The move assures that a majority of Aon’s large commercial business …
