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14
07, 2015
Home Insurance Rates in Massachusetts Rising After Harsh Winter
Some of the largest home insurers in Massachusetts are raising premiums by about 9 percent to recoup what they paid out in claims for damage caused by last winter’s record-setting snowfall. The Boston Globe reports that the increases, much steeper …
The article Home Insurance Rates in Massachusetts Rising After Harsh Winter appeared first on Insurance Journal.
15
07, 2015
West Virginia Declares State of Emergency After Severe Flooding in 3 Counties
West Virginia Gov. Earl Ray Tomblin declared a state of emergency July 13 for Braxton, Webster and Wood counties after severe flooding. The state of emergency seeks to address the rockslides, mudslides and severe flooding that resulted from heavy rain …
The article West Virginia Declares State of Emergency After Severe Flooding in 3 Counties appeared first on Insurance Journal.
14
07, 2015
Uber Reaches Interim Deal to Operate in Burlington, Vermont
The city of Burlington, Vermont, and the Uber ride-hailing service have signed an agreement to allow Uber to temporarily operate in the city and at the airport, the mayor’s office announced on July 10. Under the interim agreement, which went …
The article Uber Reaches Interim Deal to Operate in Burlington, Vermont appeared first on Insurance Journal.
14
07, 2015
Law Firm Firm Accused of Faking Structured Settlement Approvals
Stone Street Capital LLC sued a Manhattan law firm it retained to seek court approvals for structured settlements, claiming the firm gave them 76 fake judicial orders. The Maryland-based company, which purchases the rights to structured settlements from individuals in …
The article Law Firm Firm Accused of Faking Structured Settlement Approvals appeared first on Insurance Journal.
14
07, 2015
Lawsuit Seeks to Force Ballparks to Install Foul Ball Safety Nets
Fans in box seats at Major League Baseball games might have less use for their gloves if Oakland A’s fan Gail Payne gets her way. Payne cited the estimated 1,750 fans a year who are struck by balls, mostly fouls, …
The article Lawsuit Seeks to Force Ballparks to Install Foul Ball Safety Nets appeared first on Insurance Journal.
14
07, 2015
W.R. Berkley Forms Construction Professional Liability Unit; Bustamante to Head
W. R. Berkley Corp. announced the creation of Berkley Construction Professional Liability Underwriters to provide professional liability, pollution liability and protective coverages for contractors and project owners across all forms of non-environmental construction. Products will be available on both a …
The article W.R. Berkley Forms Construction Professional Liability Unit; Bustamante to Head appeared first on Insurance Journal.
14
07, 2015
ACE Launches Casualty & Fire Cover for Fashion Firms in Spain & Portugal
ACE Group has launched ACE Moda TM, a packaged insurance product designed to cover the casualty and fire risks of companies in the fashion retail sector as it continues to develop its proposition for retail and luxury goods companies across Spain …
The article ACE Launches Casualty & Fire Cover for Fashion Firms in Spain & Portugal appeared first on Insurance Journal.
14
07, 2015
Global Insured Cat Losses in First Half Are Below Long-Term Average: Munich Re
Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich Re. Total natural catastrophe losses incurred in the first half …
The article Global Insured Cat Losses in First Half Are Below Long-Term Average: Munich Re appeared first on Insurance Journal.
14
07, 2015
UK Insurers Ponder Implications of Premium Tax Increase
The unexpected announcement in UK Chancellor George Osborn’s budget, which would raise the Insurance Premium Tax (IPT) from 6 percent to 9.5 percent starting in November, poses a problem for UK-based insurers. David Coupe, a partner in EC3Legal, said: “The …
The article UK Insurers Ponder Implications of Premium Tax Increase appeared first on Insurance Journal.
14
07, 2015
As Nine Storms Roar Across the Pacific Ocean, Two Forces Are to Blame
The Pacific Ocean, named for placidity, is roaring. In the past week, eight tropical systems — and that includes two major typhoons — have formed across the Pacific from China to Mexico. On top of that, another system developed in the …
The article As Nine Storms Roar Across the Pacific Ocean, Two Forces Are to Blame appeared first on Insurance Journal.