HCC Specialty’s Crisis Management Division will begin offering excess product contamination limits for large U.S. food and beverage companies. The company’s “Super Excess” facility will allow the company to participate on an excess basis on high-limit layered programs for which …
The U.S. should expect an active severe weather season with above-normal tornadoes in 2012. That’s after a near-record number of tornadoes in 2011, according to forecasters at AccuWeather.com in State College, Penn. Last year ranks as the fourth most deadly …
Rating agency A.M. Best’s London office said it has obtained the necessary approvals to establish a branch operation in the Dubai International Financial Center in Dubai, UAE. The new office will serve Middle East-North Africa, South and Central Asia. The …
Hartford is trying to recapture its status as the nation’s insurance capital by drawing in a specialized insurance business that is finding a home elsewhere. Since the 18th century, Hartford — home to Aetna Inc., Cigna, The Hartford, Travelers Cos. …
Preferred Concepts LLC, a national insurance program administrator and specialty broker, appointed Jay Sheehan as senior vice president of Preferred Advantage, the firm’s specialty brokerage division. Sheehan will be based in Preferred’s Hartford, Conn., office where he will direct national …
A judge last week granted California and four other states more time to consider objecting to a class-action settlement between Honda Motor Co. and car owners over inflated fuel-efficiency claims about the automaker’s hybrid vehicles. The states’ sudden interest in …
A Miami-Dade jury has awarded $3.3 million to a man who was trying to cash a check but was then detained after a Bank of America teller activated a silent alarm. According to the Miami Herald, the jury ruled Friday …
Jane Taylor was managing a women’s clothing store in downtown Christchurch a year ago when the earthquake struck. She was dug from the rubble within minutes with horrific injuries — her vertebrae were crushed, her skull was fractured and her …
Federal regulators last week allowed North Carolina insurers a one-year delay in meeting a benchmark requiring that more of each health insurance premium dollar to go toward medical services and less toward overhead and bonuses. The decision by the U.S. …
State lawmakers have gambled with their constituents’ money for years when it comes to dealing with Florida’s property insurance issues. But now, many top industry analysts suggest, the odds may be turning against them after six years without a hurricane …
