The early morning earthquake that struck Market Rasen in Lincolnshire recently was literally a wake-up call for many people. (See IJ web site – https://www.insurancejournal.com/news/international/2008/02/28/87725.htm). With likely insured losses of between £15 million and £30 million, the magnitude 5.2 ‘quake …
New York City Mayor Michael Bloomberg on Thursday called on the U.S. government to pay $150 million a year to cover medical bills for workers and residents whose health suffered due to the Sept. 11, 2001, attacks. The federal government …
Melville, New York-based managing general agent, WKF&C Agency Inc., announced it is expanding its nationwide casualty underwriting platform with the opening of a new office in Dallas, Texas. Industry veteran and Dallas native Rodger Young will serve as president of …
A California judge on Tuesday approved the settlement of a class-action lawsuit that will compensate about 800,000 Ford Explorer owners whose vehicles lost value because of a perceived rollover danger. The settlement ends lawsuits against Ford Motor Co. in California, …
In Mississippi, at least two people have died, dozens of farms and houses have been affected by flooding and the Mississippi River is still rising. The river is not expected to crest until this weekend at levels not seen in …
At least 23 people in 14 states, including North Dakota, have been sickened by the same strain of salmonella found in two breakfast cereals recalled by Malt-O-Meal, the federal Food and Drug Administration said Saturday. Officials in Minnesota are investigating …
After deliberating for three hours, a jury in California has denied an insurance claim because the property damaged was exaggerated, according to the law firm MacGregor & Berthel. Reddy v. Allstate Insurance Co. involved a claim resulting from the Feb. …
The California Earthquake Authority (CEA) announced today it will begin using a newly released, uniform scientific method in determining insurance rates and the most accurate prices for consumers. Partially funded by the CEA, the new Uniform California Earthquake Rupture Forecast …
California has more than a 99 percent chance of having a magnitude 6.7 or larger earthquake within the next 30 years, according scientists with the U.S. Geological Survey. The scientists came to their conclusion after using a new model that …
The nation’s bank holding companies experienced a slight increase of 0.5 percent in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007. Citigroup Inc. (N.Y.), Wells Fargo & Co. (Calif.), HSBC North America Holdings (Ill.), …
