The Insurance Council of Texas presented Ron Cobb, counsel to the American Insurance Association (AIA), with the Raymond Mauk Leadership Award on July 18, in Austin, at ICT’s 21st Annual Mid-Year Property and Casualty Symposium. Cobb is the sixteenth recipient …
The Army Corps of Engineers is spending $1.3 million to raise about 4,000 feet of earthen levee in easternmost New Orleans that has subsided so low it wouldn’t be able to withstand a storm surge caused by a so-called 100-year …
A central Ohio township is going to pay nearly $900,000 to a former firefighter to resolve a sexual-harassment lawsuit. The Columbus Dispatch reports that the settlement between Orange Township and Raechel Peters also calls for reinstating the firefighter to her …
The Travelers Companies Inc. announced the launch of the Small Business Risk Education (SBRE) program in Chicago to help women and minority small business owners learn about risk management, develop safety risk management plans, and qualify for microloans. According to …
Real estate developer Larry Silverstein was denied the right to seek $3.5 billion from airlines whose planes were hijacked by terrorists and flown into the World Trade Center’s twin towers on Sept. 11, 2001. U.S. District Judge Alvin K. Hellerstein …
The May storms in Oklahoma that produced two EF-5 tornadoes, destroyed thousands of houses, resulted in 46 deaths and sent damage estimates above the $5 billion mark, were extreme examples of a years-long pattern of storms that has the insurance …
Independent insurance wholesaler, All Risks Ltd., announced that Glenn Hargrove and several production teams have joined its organization effective July 1, 2013. Hargrove, hired as managing director, has opened an All Risks branch office in Dallas, Texas, with full-service brokerage …
A recent report by financial website Kiplinger rated Louisiana as the most disaster prone state in the nation. News reports on this story have cited loss estimates of $3 billion for Hurricane Katrina and $2 billion for Hurricane Gustav. According …
Berkley Life Sciences, a global life sciences underwriter, has been accredited as a Coverholder, in conjunction with Berkley Global Underwriters, LLC, on behalf of Lloyd’s of London. As a Coverholder, Berkley Life Sciences is able to secure locally accepted insurance …
After a massive fertilizer plant explosion devastated the rural town of West in April, local teachers and administrators did what they could to help the community cope with a disaster that killed 15 people and wrecked hundreds of structures, including …
