Court decisions coupled with new state statutes are holding sellers of alcoholic beverages increasingly responsible for damages under liquor liability laws. Nevertheless, liquor liability insurance continues to be a quiet, if not dwindling, market throughout the U.S. In fact, more …
What did you know, and when did you know it?” Those questions from the Watergate era are increasingly being asked of the U.K.’s Financial Services Authority, which oversees the country’s insurance industry, in the wake of the spectacular meltdown of …
Spending a night at a hotel or motel can seem like a simple thing to do for the tourist or business traveler, but who makes sure that guests will stay in a secure environment? That’s up to the hotel operators, …
In an announcement released July 17, the American Insurance Association (AIA) Board of Directors stated that it has formally endorsed draft legislation that would establish an optional federal chartering structure designed for primary property/casualty insurance companies. Although the draft does …
Sometimes less does mean more. While there were fewer catastrophes for the second quarter of 2001 compared to recent years, the damage that those left in their wake was enough to send a number of insurers scrambling to cover for …
Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested a Yuba City man on seven felony counts of insurance fraud, grand theft and attempted grand theft. Santokh Sandher, 35, was arrested at his residence and …
Advantage Workers’ Compensation Insurance Company of Salt Lake City was named the underwriting partner of Boise-based WorkCare NorthWest, a partnership expected to make Advantage Insurance one of the largest workers’ compensation insurers in Idaho by July 2002. Advantage Insurance, which …
Creating the first consolidated training resource for the entire financial services industry, the American Bankers Association (ABA) and Dearborn Financial Services announced the creation of the Financial Learning Alliance, a single source for high quality education and compliance solutions for …
American International Group Inc. (AIG) reported that its income excluding net realized capital gains (losses) increased 15.8 percent to $1.66 billion in the second quarter and, also excluding the first quarter cumulative effect of a FASB mandated accounting change, 15.5 …
As the Occupational Safety and Health Administration (OSHA) explores how to remedy workplace ergonomics hazards, it should not transgress statutes prohibiting federal government interference with the state-based workers’ compensation system, according to Independent Insurance Agents of America CEO Robert A. …
