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Insurance Journal
Up to the minute insurance news and magazine archives for property casualty insurance professionals

• New York City Raises Penalties for Construction Code Violations

  Posted on 3 Jul 2008 at 1:00 am
  New York City construction codes -- revamped for the first time in four decades -- went into effect earlier this week and will increase penalties for some safety violations at building sites The ci
  

• U.S. Midwest Floods Show Impact of Global Warming, Say Conservationists

  Posted on 3 Jul 2008 at 1:00 am
  Floods like those that inundated the U.S. Midwest are supposed to occur once every 500 years but this is the second since 1993, suggesting flawed forecasts that do not take global warming into account
  

• N.H. Flood Maps Outdated, FEMA-Sponsored Study Finds

  Posted on 3 Jul 2008 at 1:00 am
  Federal maps used by most New Hampshire communities to determine the scope of once-per-century floods are sometimes decades out of date. A study recommends updating them to steer development away f
  

• Willis Wins U.S. Approval for HRH Acquisition

  Posted on 3 Jul 2008 at 1:00 am
  Willis Group Holdings Ltd , the No. 3 global insurance broker, won approval to buy rival Hilb Rogal & Hobbs Co, the Federal Trade Commission said Wednesday. Willis valued the cash and stock deal at
  

• West Virginia Court Revives 2001 Flood Lawsuits Against Loggers

  Posted on 3 Jul 2008 at 1:00 am
  The West Virginia Supreme Court has revived a pair of lawsuits seeking damages from timber, mining and land companies for devastating 2001 floods. The court reinstated a 2006 jury verdict that impr
  

• Lloyd's Dedicates Two Memorials to Honor War Dead

  Posted on 3 Jul 2008 at 1:00 am
  Lloyd's held a special service on July 2 to dedicate and unveil two new War Memorials commemorating Lloyd's associates who lost their lives during the First and Second World Wars. The memorials, wh
  

• 5 Million Michigan Residents Will Travel over July 4 Holiday, Says AAA

  Posted on 3 Jul 2008 at 1:00 am
  An estimated 1.5 million Michigan residents will travel during the 2008 Fourth of July holiday, according to a recent AAA survey of 8,500 U.S. residents. Of this number, 1.1 million will travel by car
  

• California Aims to Implement Pay-As-You-Drive Insurance Regs

  Posted on 3 Jul 2008 at 1:00 am
  California's Department of Insurance as well as state legislators are considering bringing "pay-as-you-drive" automobile insurance to the state, a system in which automobile insurance premiums would m
  

• Labor Talks Resume at West Virginia's Posh Greenbrier Resort

  Posted on 3 Jul 2008 at 1:00 am
  Contract negotiations have resumed between The Greenbrier and its unions with a meeting resort spokeswoman Lynn Swann called productive. Representatives of the posh White Sulphur Springs resort and
  

• Republican Brady Quits Government Jobs for Delaware Insurance Race

  Posted on 3 Jul 2008 at 1:00 am
  Republican House attorney John Brady has resigned from his General Assembly position to prepare for his campaign for state insurance commissioner. Brady stepped down so to avoid any conflict of int
  

• Insurance Crime Bureau Web Site Lists Total Loss Vehicles

  Posted on 3 Jul 2008 at 1:00 am
  The National Insurance Crime Bureau (NICB) has created a new Web-based service with total-loss data for consumers so they can learn if a vehicle has previously been severely wrecked, flooded or stolen
  

• Red Sox, City Balk at Inspection Doubts; Say Fenway Park Safe

  Posted on 3 Jul 2008 at 1:00 am
  City and Red Sox officials say Fenway Park is safe despite what appear to be just cursory annual safety inspections of the 96-year-old stadium. According to a report in The Boston Globe, the safety
  

• OneBeacon Files $1 Billion Shelf Registration; S&P Assigns Ratings

  Posted on 3 Jul 2008 at 1:00 am
  The Bermuda-based OneBeacon Insurance Group announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). Standard & Poor's announced th
  

• Marsh Receives Qatar License

  Posted on 3 Jul 2008 at 1:00 am
  Marsh has been authorised by the Qatar Financial Centre (QFC) Regulatory Authority to provide a broad range of insurance broking and risk advisory services in Qatar. Duncan Buchanan, CEO of Marsh Q
  

• San Francisco Denies Liability in Tiger Attack

  Posted on 3 Jul 2008 at 1:00 am
  Officials said San Francisco is not liable for the death of a San Jose, Calif., teenager who was attacked by an escaped tiger on Christmas Day at the San Francisco Zoo. The city instead referred a