Colorado floods, Hawaii molasses spill show how unexpected financial repercussions lurk for businesses and insurers.
Floods, rain, hail and wind were the major drivers of damage and destruction in August 2013, says Aon’s latest global catastrophe recap report.
Private share insurer drops fees from last year and the year before.
The suit against the $965 million Black Hills Federal Credit Union and CUNA Mutual alleging improper increases in credit life disability insurance rates was remanded Aug. 14 by the South Dakota Supreme Court back to a lower court to be tried as a class action suit.
Class action status also ordered in case over alleged unauthorized change in credit life disability insurance rates. Insurer pays $116,000 fine.
Of the more than 4,000 credit unions using the MemberCONNECT program, CUNA Mutual said more than 500 have been there from the beginning.
Looking to offer a full range of services, NE PA Community FCU said it will provide investment and insurance to its more than 12,000 members.
Merger was completed July 1 and announced this week.
Securian Financial Group said it has promoted three staffers from manager to director-level positions.
As the cleanup continues in Oklahoma, the latest insurance claims filed following the tornado outbreak at the end of May offers another glimpse of just how destructive the storms were.