Little league thefts ranging from break-ins to concession stands to embezzlement schemes have led the leagues to purchase crime insurance policies for better protection. These volunteer-run organizations have been noticing similar problems for several years, which originally led Little League International to issue a letter in 2009 to try to provide local leagues with tips and ideas that could help them to protect themselves against the financial struggles that were resulting from missing funds. The suggestions included everything from improved security devices to criminal background checks on participating adults. The…
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New energy property insurance program announced by Lexington
Lexington Insurance Company announced yesterday that it would be offering two new service products. The new set of products was designed to protect owners, developers and investors from financial losses resulting from damage or loss of energy property. Lexington presented its Energy Investment Tax Credit Insurance program, which consists of two plans. Investment Tax Credit (ITC) Energy-48 Mobile Property, and ITC Energy-48 Professional Liability. Besides protecting developers, owners and investors from property damage and loss, it was also a comeback to the recapture of ITC granted for those properties; as…
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