Allstate’s April-May Catastrophe Losses Top $2 Billion June 16, 2011 Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it lost $2 billion in April and May...
U.S. Industry Reserve Redundancy at $22 Billion: Aon Benfield June 16, 2011 The overall U.S. insurance industry reserve redundancy is $22.0 billion versus $21.9 billion at year-end 2009, after the industry released...
Bill to Update Small Insurers’ Tax Option Introduced in House June 16, 2011 Legislation has been introduced in the U.S. House of Representatives to adjust the tax code for about 600 small property/casualty...
Tennessee Governor Signs Captive Insurance Law June 16, 2011 By Michael Adams In a move that business groups say could change the risk management operations of many corporations, Tennessee Governor Bill Haslam...
Hayes Named Chief Exec Deputy Director at NYSIF June 16, 2011 Dennis J. Hayes has been appointed chief executive deputy director of the New York State Insurance Fund (NYSIF). Hayes has...
Providence Storm-Related Debris Pickup to End June 16, 2011 Work crews in Providence are scheduled to finish pickup of storm debris at the end of this week. The city...
Fire Destroys Pennsylvania School District’s Buses June 16, 2011 About a dozen school buses are damaged or destroyed after a fire tore through the garage holding a northwestern Pennsylvania...
New York City Police Pay More in Liability Claims Than Hospitals June 16, 2011 By Joan Gralla New York City paid nearly $521 million in personal injury and property damage claims in 2010 — marking the first...
SEC Says Brokerage Fund Should Compensate Stanford Victims June 16, 2011 By Jonathan Stempel and Sarah N. Lynch In a major victory for victims of Allen Stanford’s alleged Ponzi scheme, U.S. regulators have concluded that they should be...
Ox Bonding Expands into Florida with Specialty Bonding Programs June 16, 2011 Ox Bonding has expanded its specialty bonding programs into Florida. Ox Bonding’s affiliate insurance carrier, Upper Hudson National Insurance Co.,...