The U.S. Environmental Protection Agency (EPA) said Wednesday that it has finalized a $14 million plan to clean up contaminated soil from homes at the Sherwin-Williams/Hilliards Creek Superfund site in Gibbsboro and Voorhees, New Jersey. The EPA’s decision calls for …
The World Energy Council has issued a report, co-authored by Swiss Re Corporate Solutions, which focuses on managing and financing extreme weather risks. The report, entitled –“The road to resilience — managing and financing extreme weather risk “will be presented …
Citizens Property Insurance Corporation’s top executive warned the company’s Board of Governors Wednesday that water loss claims will continue to hamper efforts to reduce rates for many Florida policyholders. “In claims the critical issue that has surfaced in the past …
Louisville, Ky., has reached a $6 million settlement with five people injured in a 2009 derailing of a small train that carries families around the city’s zoo. The open-air, small-engine train was carrying 29 passengers and an operator when it …
Paul Stueven, chief operating officer and treasurer of Fairmont Farmers Mutual Insurance Co. of Fairmont, Minn., today assumed the chairmanship of the National Association of Mutual Insurance Companies (NAMIC) at the organization’s annual meeting in San Diego. Stueven has worked …
Joaquin is forecast to become a major hurricane by Saturday as it strengthens in the Atlantic, triggering hurricane warnings and watches for the Bahamas. Its course after crossing the island chain is still uncertain, the National Hurricane Center said. Joaquin, …
With a median rate index of 2.35 per $100 of payroll, Illinois has the seventh highest average workers’ comp premium rate of all U.S. states, according to the 2014 Oregon Workers’ Compensation Premium Ranking Study. The national median index rate …
The European Union will ease capital rules it has imposed on banks and insurers since the financial crisis to help markets raise more funds for reviving sluggish economic growth. The bloc’s financial services chief, Jonathan Hill, announced his “action plan” …
Farmers Insurance reported more than 1,300 claims filed, and an anticipated 1,800 total, with an estimated overall loss of roughly $225 million from two California wildfires that burned nearly 150,000 acres this month in Napa, Sonoma, Amador and Calaveras counties. Farmers …
California Governor Jerry Brown last week directed $10 million from the state’s budget reserve to help pay for the removal of huge amounts of burned debris left in the wake of two massive wildfires, the administration said. In a letter to …