A jury has awarded $52.5 million to a Roseville, Minn., construction company that sued its Boston-based insurer for failing to defend it against hundreds of personal injury and wrongful death claims tied to asbestos exposure. “The big message is you …
The FBI has formed The Gate Cutters Jewelry Task Force to partner with local police and the gem industry in trying to catch a team that has burglarized more than 50 jewelry stores on the East Coast, often by cutting …
We have heard from numerous agency principals that perpetuating the private ownership of the firm is one of their primary objectives. If this is true, why is it that many firms do not survive and make the transition from one …
Role of Government, All-Perils Policy Among Sticking Points Cited by Insurers Industry representatives generally support state regulators’ efforts to craft a comprehensive plan for natural catastrophes but take issue with elements of the draft proposal that was aired during the …
Recent N.Y. $21 Million Award May Be Last of Its Kind in the Nation A New York court’s $21 million award last month to a young Wall Street trader paralyzed in an accident involving a Budget Rent-a-Car vehicle may be …
Dan Carmichael Ohio Casualty Corporation has completed a new five-year agreement with its current president and chief executive officer, Dan R. Carmichael. The prior contract with Carmichael was to expire on Dec. 31, 2005. Carmichael joined Ohio Casualty Corporation in …
Does the world seem to be careening from one crisis to another these days or is it all hype by news outlets? Unfortunately, it’s not hype; it’s the real world. Not a day goes by without reports of terrorist threats …
An Alaska Superior Court recently ruled that credit history can be used in insurance underwriting. That is a major victory for consumers, according to the Property Casualty Insurers Association of America (PCI). “This decision upholds our contention that the use …
The New York State Insurance Department has approved an average 5.6 percent decrease in auto insurance premiums for drivers in New York’s Automobile Insurance Plan (AIP), also known as the assigned risk plan. The new AIP rate schedule, which goes …
The National Association of Mutual Insurance Companies (NAMIC), Indianapolis, said it will support a legislative study on auto theft in Arizona when the bill is heard in the state’s legislature. A proposed bill has been pre-filed for possible consideration early …
