The Evesham, New Jersey Township Planning Board has approved a proposal to build a heliport despite objections from a nearby hospital and residents. Permission for the landing area was requested by the insurance firm Conner, Strong & Buckelew, whose chairman …
Demand for cyberinsurance was rising even before the most recent highly-publicized parade of breaches at major corporations and organizations. After the news of the first major Sony hack but before the subsequent reports involving Sony, Citicorp, the International Monetary Fund …
InVEST, an insurance industry classroom to career education program, has awarded $47,000 in scholarships to 54 students who are pursuing insurance-related degrees. This year’s scholarship winners represent 20 schools and hail from California, Connecticut, Florida, Illinois, Nebraska and New York. …
Zurich Financial Services Group said it currently estimates aggregate claims of approximately $295 million for both Zurich North America and Farmers Re relating to the series of severe weather-related events that hit the U.S. in April and May of this …
More than 60 percent of insurers say that their most recent merger accomplished the desired objective of competitive position strengthening— double the success rate reported by non-insurers involved in mergers. While strengthening competitive position is mentioned most frequently as a …
Anyone with a suggestion or complaint about Alabama’s recovery from the deadly tornadoes in April should know that the buck stops with the governor. Gov. Robert Bentley said he’s not looking to the Federal Emergency Management Agency or anyone else …
West Virginia’s volunteer fire departments looking to offset anticipated increases in their workers’ compensation insurance premiums can turn to a website launched by the state auditor’s office. Auditor Glen Gainer’s office was tasked by the Legislature with developing a program …
Tennessee Gov. Bill Haslam has signed a measure to cap payouts for medical malpractice and other civil cases that he said is good for business in the state. The law places a $750,000 cap on non-economic damages such as pain …
Florida, Mississippi and Hawaii have entered into an agreement that will allow them to keep millions of dollars in taxes on surplus lines insurance policies. The agreement was the result of federal legislation — the Nonadmitted and Reinsurance Reform Act …
Professional Liability Insurance Services Inc. – Underwriting Facilities, on June 1, launched business interruption and extra expense insurance coverage for bed bug infestations for lodging facilities. PLIS Inc. says it was the first to introduce the coverage. Policy features include: …
