As Mothers Against Drunk Driving (MADD) celebrates its 25th anniversary, there is reportedly a lot to celebrate. According to the MADD/Nationwide Insurance Survey Conducted by Gallup, Americans continue to show overwhelming support for high-visibility crackdowns, such as sobriety checkpoints, to …
Amid a tumultuous month that began and ended with powerful hurricanes that hammered broad areas of the Gulf Coast, the state/federal recovery effort in Alabama reportedly made significant progress in bringing much needed assistance to disaster-stricken homeowners, renters, businesses and …
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has issued citations to Andre Tuckpointing and Brickwork, St. Louis, Mo., proposing penalties totaling $156,800 for alleged failure to protect workers from fall hazards. OSHA initiated an inspection in …
Fireman’s Fund Insurance Company said it will treat homeowners’ property damage from Hurricanes Katrina and Rita as one event for purposes of calculating the amount of hurricane deductible on losses. As a result, Fireman’s Fund homeowner policyholders who suffered damage …
A.M. Best Co. lost no time in placing the financial strength and debt ratings of the operating subsidiaries of Bermuda’s RenaissanceRe Holdings Ltd. under review with negative implications. These include Renaissance Reinsurance Ltd., Glencoe Insurance Ltd., Lantana Insurance Ltd., Stonington …
If you’re one of the diminishing number of people who don’t believe the world is getting warmer, that headline could be spun to read: “Northwest Passage Finally Found.” That would rank right up there with other facetious headlines, such as: …
Standard & Poor’s Ratings Services announced that it has revised its outlook on the global reinsurance industry to negative from stable. The news appears in a report, published today, entitled “Near-Term Strains On Reinsurers’ Financial Strength After Katrina Lead To …
Zurich-based reinsurer Converium has issued a statement indicating that increased industry loss estimates from Katrina have resulted in a new estimate of its potential exposure to between $20 and $40 million. It had previously announced preliminary estimates of between $10 …
The Bermuda-based PXRE Group Ltd. has announced that its preliminary estimate of the net impact from Hurricane Rita is between $30 and $40 million, “after tax, reinsurance recoveries on its outwards reinsurance program and the impact of reinstatement premiums.” PXRE …
Internet Based Litigation Management Application Will Allow Enforcement of Client Specific Litigation Handling Guidelines, Collection of Data and Performance Analysis San Diego, CA, September 1, 2005 – CaseRev, Inc. today announced that Crawford & Company has partnered with CaseRev, the …