insurance News

Cruise Disaster Unlikely to Halt Industry Growth

The luxury cruise liner that ran aground off the Italian coast has rattled even the most die-hard “cruisers” in an industry where catastrophic accidents are rare, but it’s unlikely to do significant long-term damage. The Costa Concordia hit a reef, …

Kentucky Fire Department Will Collect Subscribers’ Fee

A volunteer fire department in southeastern Kentucky says it will begin collecting fees from subscribers next week. Bell County Assistant Fire Chief David Miracle told the Middlesboro Daily News on Monday that the fee is voluntary and that no one …

CSC Forms Insurance Cybersecurity Advisory Council

CSC, a provider of technology-enabled services, announced the establishment of the Insurance Cybersecurity Advisory Council for life insurance and annuity providers and property/casualty insurers to facilitate the development of best practices and technology strategies that effectively mitigate the risk of …

Missouri Panel OKs Suggestions for Disaster Response

A Missouri House committee studying disaster response recommends making it easier for health care providers from other states to help. The study also supports offering a property tax break and establishing low-interest loans to offset property damage. The panel suggests …

Arizona’s Fiesta Bowl Racks Up $5M in Legal Bills

The Fiesta Bowl has spent more than $5 million on lawyers since reports began surfacing nearly two years ago that employees were illegally reimbursed for making campaign contributions. The Arizona Republic reports the legal bills are disclosed in a civil …

Two North Texas Men Sentenced in Arson for Insurance Case

Two men in Texas have been sentenced to prison for conspiring to commit arson in order to obtain insurance proceeds, the U.S. Attorney’s Office for the Northern District of Texas announced. Blaise Hancock, of Arlington, Texas, and Clint Allen, of …

Winter Weather Damage to Homes Tops GBP600 Million

Research from M&S Money reveals the number of home insurance claims as a result of winter weather filed in England has risen by 200 percent over the last three years. The total cost of damages, from both insured and uninsured …

New York Loosens Commercial Insurance Regulations for Large Insureds

New York State Department of Financial Services announced on Monday that it issued new regulations to implement a recently adopted state law that deregulates most insurance business for large, sophisticated companies. The law exempts insurers from rate filing and form …

Insurance Won’t Cover Idaho County Sheriff for Personnel Claims

Owyhee County’s insurer told the county commissioners it would no longer cover the sheriff against any claims involving personnel matters, prompting the commissioners to again ask Sheriff Daryl Crandall to resign. Crandall said he plans to finish his term, which …

FEMA Maps Show Some Phoenix Metro Homeowners Live in Flood Areas

Federal officials are telling hundreds of property owners across the Phoenix metro area they live in a designated flood plain that could force them to purchase costly flood insurance. Maricopa County officials say parts of the west side, Chandler, Gilbert …