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30
09, 2015
EPA Finalizes $14M Plan to Clean Soil at Former Sherwin-Williams Plant Site
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 …
1
10, 2015
World Energy Council Reports on Managing, Financing Extreme Weather Risks
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 …
1
10, 2015
Citizens’ CEO Updates Board on ‘Critical’ Water Loss Issue, Depopulation Program
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 …
1
10, 2015
Louisville Settles Zoo Train Accident With Remaining Victims for $6M
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 …
30
09, 2015
Fairmont Farmers Mutual’s Stueven Assumes NAMIC Chairmanship
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 …
30
09, 2015
Update: Hurricane Joaquin’s U.S. Path Unclear But East Coast Already Under Flood Watch
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, …
1
10, 2015
Illinois Workers’ Comp Premium Rate High but Improving
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 …
30
09, 2015
NAMIC Convention in California Offers Plenty of Advice on Data, Tech
Carriers are spending big on advertising, and agencies are working to become increasingly more sophisticated and reach out to more and more people. In the world of insurance, that’s just doing business as usual. But the efforts seem seem to be …
30
09, 2015
EU to Ease Capital Regulations for Banks & Insurers to Revive Growth
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” …
30
09, 2015
Farmers Estimates $225M Loss from Northern California Fires
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 …