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NORTHEAST FLORIDA -- After being hit by Tropical Storm Fay, many area businesses decided to swallow the costs of rain damage rather than file a claim with insurers.

The terrorist attacks of Sept. 11, 2001, and Hurricane Katrina highlighted the need for business disaster preparation. But it's not high-profile events like those that typically put companies on ice.

Some Valley restaurant owners are worried their insurance premiums will skyrocket now that North Pointe Insurance Co. is pulling out of the Arizona market.

It’s a no-brainer: If you own a business, you need insurance.

Texans are still busy with repairs in the aftermath of Hurricane Dolly and Tropical Storm Edouard. Fortunately, the damage from those storms was far less severe than it could have been. Unfortunately, their financial aftermath is sending reverberations throughout the Texas insurance market. And, with hurricane season only halfway over, the worst might be ahead.

Alabama Gov. Bob Riley issued a mandatory evacuation order for some coastal parts of Mobile and Baldwin counties in response to Hurricane Gustav. The evacuation order, effective at 7 a.m. on Aug.

Conseco Insurance Company has announced the availability of its new, indexed universal life insurance product, ConsecoLifeOptions. The policy is claimed to provide upside potential with downside protection.

AmComp, an insurance holding company, has amended the merger agreement providing for the acquisition of AmCOMP by Employers Holdings.

HSBC has launched the HSBC Business Protection Plan, a new insurance service for small to medium sized businesses that allows business owners to mix and match its various elements to suit their needs.

The PMI Group, a provider of financial products for residential mortgages, public finance obligations and asset-backed securities, has signed a definitive agreement with QBE Insurance Group for the sale and transfer of its Asia operations, PMI Asia.