Mississippi homeowners and business owners with properties damaged by Hurricane Katrina were told on Tuesday by Attorney General Jim Hood that they have legal protections from foreclosure. Hood told the Jackson Clarion-Ledger a 1980 state law requires all foreclosures to …
A mediation program for homeowners battling insurance companies in the wake of Hurricane Katrina will be unveiled Wednesday by George Dale, Mississippi Insurance Commissioner. The insurance commission’s staff has researched Florida’s program for months, and a department spokesperson told the …
Martin Frankel, the financier who admitted to a scheme to loot insurance companies in Tennessee and several other states, won’t face additional prison time in an agreement with authorities to help them recover stolen assets. Williamson County Judge Jeff Bivins …
An Indiana state lawmaker is drafting a bill he calls “the corporate manslaughter act” which, if passed, would send employers to jail if they ignore on-the-job safety violations that lead to a serious injury or death. State Rep. Dan Stevenson, …
The state received an $800 million sales tax windfall from hurricane reconstruction last year, but Florida Gov. Jeb Bush said Tuesday that he’s against using any public dollars to bail out the state-created insurer of last resort. Citizens Property Insurance …
Drug manufacturers are a step closer to winning liability protections they say they need before they will invest in medicines to combat a bird flu epidemic. Opponents described the protections, approved Monday by the U.S. House of Representatives, as a …
If the Hurricane Recovery Assistance Bill survives the U.S. Senate, Mississippi could receive a significant share of the $29 billion assistance, according to Sen. Thad Cochran, R-Miss. The senator said he has negotiated a deal to provide funds to Gulf …
The Insurance Bureau of Canada has released its annual Top Ten Insurance Crimes list, which highlights “some of the strangest and most audacious insurance frauds and auto theft cases uncovered by insurance investigators this year.” Topping the list was a …
Standard & Poor’s Ratings Services announced that it has assigned its “A-” counterparty credit and financial strength ratings to Traders & Pacific Insurance Co. (TPIC) based on the company’s core status to Endurance Specialty Insurance Ltd. (ESIL). The outlook is …
Confirming the commitment made last June (See IJ Website June 24) the Vietnamese government has formally issued a license to American International Underwriters Overseas Ltd., a subsidiary of AIG, to conduct general insurance business in the country. The license is …
