Private insurers are taking more than 26,000 homeowners policies from Louisiana’s state-backed insurance company in return for millions in taxpayer money, Insurance Commissioner Jim Donelon said. Donelon credited Louisiana’s financial incentive program, which provides public money to private firms that …
Lenoir Community College in Kinston hosted North Carolina’s largest hurricane evacuation exercise this year. The eastern North Carolina town suffered through hurricanes Fran and Floyd in the 1990s. The exercise, called Medical Evacuation Triage and Treatment Assessment, took place June …
Vertafore, Inc., a provider of software and services to the insurance industry including AMS Services, has agreed to acquire licensing and compliance software maker Sircon Corp. Michigan-based Sircon serves carriers, agencies and brokers, education providers and state regulators through online …
The New Jersey Supreme Court has ruled that a woman who saw her mother die in a car crash can sue the other driver for negligently inflicting emotional distress. The 4-3 decision released Tuesday said such a claim can be …
Former Superior Court Judge Michael Joyce’s insurance fraud trial is going to be held in federal court in Pittsburgh, not Erie. Senior U.S. District Judge Maurice Cohill has granted a defense request to move the trial from Erie because of …
The Willis Research Network (WRN), part of Willis Group, has announced the formation of a partnership with the University of Bologna “to include the renowned Italian institution’s flood research as part of more a robust risk modeling offering for clients. …
“A growing number of insurance companies, including R&SA, Equity, JCB Insurance Services and Direct Line, have enrolled staff in Apprenticeship programs, taking advantage of the financial benefits of Apprenticeships that allow them to maximize their training budgets,” said the UK’s …
While most people identify Russia as the emerging insurance market in Eastern Europe, Lloyd’s notes that “Poland is beginning to make a name for herself. When Lloyd’s Chairman Lord Levene visited the country last year, he referred to it as …
A new study from Swiss Re examines the rising impact of natural disasters, which is “driving up the cost of disaster relief and reconstruction for the public sector, especially in developing countries where insurance penetration is still low.” The report …
After bringing together insurance industry executives, consumer groups and fire officials to discuss preparations for future potential fire disasters at a roundtable held on May 12, 2008, California Insurance Commissioner Steve Poizner announced an effort to create economic or other …
