The company said its registration statement has been filed with the SEC but has not yet become effective. The company further advised that the securities may not be sold, nor may offers to buy be acce
Spencer Educational Foundation Inc., an organization dedicated to supporting undergraduate and graduate students in the risk management and insurance disciplines, has received a $100,000 pledge from t
According to the Insurance Fraud Prevention Authority, a Liberty Mutual insurance agent caught a public adjuster in the act of damaging a residence he was supposed to be representing. The home
Advocates for Highway and Auto Safety earlier this month released its fourth annual highway safety report that rates each state and the District of Columbia on their adoption of 15 of what the group c
Advocates for Highway and Auto Safety earlier this month released its fourth annual highway safety report that rates each state and the District of Columbia on their adoption of 15 of what the group c
Insurers that adopted a tough stance on Hurricane Katrina claims involving storm surge face bigger losses and possibly punitive damages in the wake of a federal court ruling last week, according to a
Losses from catastrophe events declined sharply last year, but were nonetheless at their sixth highest level since 1997. In terms of frequency, the 33 events last year came in second to the 37 in 1998
Fermat, a Westport, Conn., investment management company specializing in insurance-linked securities, will be using AIR's catastrophe risk model CATRADER and its ALERT online real-time loss estimation
Fortune 500 property and casualty insurer, Safeco Insurance, reported approximately $30 million in pretax catastrophe losses due to the Pacific Northwest windstorm that ran through the Puget Sound
"These were extremely difficult decisions," said James Gebolys, who is both a scholarship namesake and member of the decision-making committee. "I was incredibly impressed by the large number of