All North America articles – Page 19
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US National Response Framework released
The Department of Homeland Security has set out new guidelines for responding to disaster scenarios
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Challenging times ahead for US P/C insurers: EY
Ernst & Young issues its 2008 US Outlook for the property/casualty insurance industry
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Low awareness of infectious diseases: New data
Experts urge integration of adult vaccines into routine care to save lives
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Former VP sentenced for embezzling $5.3m
A former vice president of a global investment firm has been sentenced to three years for embezzling money from his employer
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More workers insured, says Wal-Mart
An internal survey by the retailer reveals the number of uninsured employees has dropped to 7.3%
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NJ Governor vetoes Wrongful Death Bill
PCI urged Gov. to veto legislation that would have led to more lawsuits, greater liability and increased insurance costs, according to the association
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US court imposes 16 year sentence for identity theft
Two men sentenced after their criminal ring defrauded banks by stealing personal details
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Sinclair Oil fined $2.45m for Clean Air Act violations
Agrees to spend more than $72m on upgraded pollution controls
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Company fined for illegally adjusting claims in California
Paramount Disaster Recovery to pay $275,000 penalty; cease operating as public insurance adjusters in California
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Insurers to pay $6.5bn in 2007 cat claims: ISO
144,000 commercial lines claims cost an estimated $1.3bn for damage from 23 catastrophes in 2007
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Ingersoll-Rand records $277m charge for asbestos claims
Results from a $538 million increase in recorded liability for asbestos claims to $755 million
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CFA slams US insurers for overpricing and underpaying claims
US property/casualty insurers overcharge policy holders and underpay on claims, said a report from a consumer association that an industry group called ‘absurd’
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AIG unit to pay $42.5m for environmental cleanup
Payment relates to four industrial sites formerly owned by Fruit of the Loom
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New solar cycle brings increased risk for electrical systems
The number of solar storms is expected to build gradually reaching maximum by 2011/12, says NOAA
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GAIG creates new environmental division
New division will provide coverage up to $25m in policy limits
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RIMS names new board member
Richard Roberts will oversee the enterprise risk management portfolio
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Catastrophe Risk
A deceptive quiet: Exposures continue to rise
The final tally for the 2007 hurricane season was 14 named storms, slightly above the long term average, and six hurricanes
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Review of SCIF uncovers ‘serious’ problems
An audit of California’s State Compensation Insurance Fund (SCIF) shows serious structural and operational deficiencies
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RMS: Time slipping for decision over TRIA extension
Cancellation of Federal backstop could eliminate growth and availability of commercial terrorism coverage, says RMS
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Interviews
Ex-Brocade exec convicted in stock options trial
The former vice president of human resources has been convicted of conspiracy and falsifying records in a California District Court