Yearly Archives: <span>2011</span>

Idaho Fraud Awareness Coalition Awards Scholarships

The Idaho Fraud Awareness Coalition, organized by the state Department of Insurance, will award scholarship money to three Idaho high school students for their research and knowledge in the area of fraud and its impact on Idahoans. Scholarship monies will …

Churchill Downs Cleaning Up After Tornado

Churchill Downs Racetrack in Louisville, Ky., said it will resume live horse racing the night of Friday, June 24, after a day off to survey tornado damage to barns and other structures. The racing facility was forced to close for …

Texas Senate Passes Windstorm Bill

The Texas Senate has passed a bill intended to improve the state’s coastal windstorm insurance agency, clarifying the claims process and increasing transparency at the agency. The measure to reform the Texas Windstorm Insurance Association is nearly identical to the …

RISC, Inc. Launches Event Cancellation Program

RISC, Inc. has expanded its program offering to include an in-house event cancellation product. The program, Event Select, is available for a variety of event cancellation classes of business including conventions, trade shows, special events and concerts. The program, provided …

Beacon Hill Expands WC Product to Environmental Contractors, Consultants

PartnerOne Environmental, Beacon Hill Associates’ underwriting division, now offers workers compensation coverage to additional environmental contractors and consultants. Coverage is provided by a group of “A” rated insurance carriers. PartnerOne Workers Compensation is available in the following states: Ala., Ark., …

Minot, N.D. Residents Evacuated as River Rises

About 11,000 residents of Minot, N.D., have been ordered by city officials to evacuate, as the Souris River threatens to flood levees. City Mayor Curt Zimbelman said the city is “working on building up the dikes around the city’s critical …

Generic Drug Firms Shielded from State Suits: Supreme Court

The Supreme Court ruled Thursday that generic drug companies cannot be sued under state law over allegations that they failed to provide adequate label warnings about potential side effects. By a 5-4 vote, the justices gave a victory to Israel’s …

Senate Panel to Hear Flood Insurance Reauthorization Bill

Insurers today will again urged federal lawmakers to reauthorize and reform the nation’s flood insurance program, which is slated to lapse on Sept. 30 if Congress does not act. At a hearing today, a Senate Banking subcommittee will hear from …

Analysts Debate Outlook for Reinsurance Stocks

With reinsurance stocks trading below book value, equity analysts basically agree on the factors affecting these stocks but differ on their outlook on the sector. Property/casualty insurance analysts Meyer Shields, analyst at Stifel, Nicolaus & Co.; Gregory Locraft, an executive …

New York City Fixes Contractor Insurance Rule After Agents Sound Alarm

New York insurance agents are welcoming a decision by a New York City government agency that they say will make it easier for contractors to meet the city’s insurance requirements. The New York City Department of Buildings said that it …