ACE Group has launched a new coverage component for the ACE Express package policy specifically designed to protect private and not-for-profit organizations. The updated package policy enables insureds to purchase privacy and network liability coverage in a single policy with …
In an opinion filed on Sept. 24, the Illinois Supreme Court upheld the decisions of two lower courts that an Illinois municipality must pay health insurance premiums for a policeman and his family after the police officer was “catastrophically injured” …
John Paul, president/treasurer of Western Iowa Mutual Insurance in Council Bluffs, Iowa, was presented the Chairman’s Award by the National Association of Mutual Insurance Company’s at its 120th Annual Convention in San Diego. The award was created to recognize leadership, …
The National Association of Mutual Insurance Companies presented James Bradley (Brad) Fortner, chief operating office of Farmers Protective Mutual Insurance Company in Rogers, Ark., with its Professional Farm Mutual Manager of the Year Award during the group’s 120th Annual Convention. …
While the number of watercraft thefts continued on a downward trend in 2014, Texas remains one of the five top states in which such thefts are likely to occur. Texas ranks third for watercraft thefts, behind Florida and California, according …
Contamination from chemicals is likely to increase the cost to insurers of last month’s blasts in the Chinese port of Tianjin, costs which are already expected to exceed $3 billion, insurance specialists say. While Chinese insurers are likely to bear …
Bank of England Governor Mark Carney said UK insurers face potentially “huge” exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial stability risks. “The challenges currently posed by climate change pale in …
Flood waters receded along the Alabama coast Monday after storms from a tropical weather system dumped about 7.5 inches of rain in less than a day, inundating roads and creating dangerous surf conditions along beaches. No deaths or serious injuries …
The Tennessee Department of Commerce and Insurance (TDCI) took disciplinary actions against four agents in the state that have resulted in licensure revocations, probation, and monetary civil penalties totaling $15,000. “The Department is dedicated to the protection of Tennessee insurance …
Berkshire Hathaway Inc. and National Indemnity Company stated their shareholdings in Munich Re have fallen below the threshold of 10 percent of voting rights — now at 9.7 percent. In an announcement, Munich Re said information about the change in …