commercial News

Fire at University of North Dakota Arena Causes $1.5M Damage

Authorities in Grand Forks say a small fire at the University of North Dakota’s Ralph Engelstad Arena was quickly extinguished but caused about $1.5 million in damage. UND police noticed burning material in the upper catwalk around 1 p.m. Sunday, …

Travelers Bond & Financial Launches CyberRisk Product

Travelers has unveiled CyberRisk, a new product from Travelers Bond & Financial Products meant to limit client cyber exposures and managing associated risks. “Cyber risks leave businesses exposed regardless of size, industry or track record,” said Jason Glasgow, CyberRisk product …

As Arkansas Floods Recede, Counties Cope With Damage

As the rivers running through eastern Arkansas start to recede, residents and farmers are beginning to cope with the aftermath of devastating floods — ruined homes, ravaged farmland and major holes in local budgets. Agriculture is the major industry in …

Floodway Opening a Blessing for Louisiana Refineries

The opening of a key spillway to relieve flooding along the Mississippi River could create logistical headaches for big Gulf Coast refiners, but will likely spare the lion’s share of the area’s refining capacity from flooding danger. The U.S. Army …

California Group Offers Commercial Insurance Resources

The Insurance Information Network of California is now tailoring content to assist small businesses on their understanding of commercial insurance. Information available on its Web site will cover basics of business coverage, workers’ compensation and primers on insuring a home-based …

Lockton Study Finds Recent Catastrophes, Changing Models Affecting Property

In a new Market Update report insurance broker Lockton cautions that aftershocks from earthquakes in Asia Pacific and new catastrophe models create an uncertain environment for property insurance buyers. In the report Lockton’s Jim Rubel explained that recent events “are …

Business Lobby Critical of GOP Immigration Measure in Oklahoma

A quiet campaign by Oklahoma’s business community to head off tough new immigration legislation is causing an angry rift among Republicans in the Legislature, some of whom charge that voters’ desire for more action to curb illegal workers is being …

Ryan Specialty Intros New CAT/Construction Risk Facility in Texas

Chicago-based Ryan Specialty Group LLC (RSG) has launched Technical Risk Underwriters (TRU), a specialty managing general underwriter (MGU) focused on providing best in class underwriting for complex construction and property risks. TRU is headquartered in Austin, Texas. The MGU is …