Connecticut Insurance Commissioner Susan Cogswell has approved a slight boost in workers’ comp insurance rates effective Jan. 1. She accepted the recommendations from the industry’s National Council on Compensation Insurance for an average increase of +0.8 percent for pure premium …
When people bemoan the lack of honesty in corporate America, images of Enron, WorldCom and Martha Stewart come to mind. But honesty issues have a significant impact on virtually every workplace in America, says consultant Steven Gaffney. Author of the …
Effective Jan. 6, 2006, Electric Insurance will expand its automobile product reach in New Hampshire by introducing additional price points. Using a multivariate pricing model, Electric has developed rate levels that the company says will be at least 7 percent …
Bermuda-based Montpelier Re Holdings Ltd. has joined with other investors in capitalizing a new Bermuda reinsurer, Blue Ocean Reinsurance Ltd. Blue Ocean will offer retrocessional protection, or reinsurance for reinsurers, in the property catastrophe market. Blue Ocean has been capitalized …
The winter’s first major storm in California hit the Golden State over the weekend with a one-two punch, leaving streets flooded and homes and businesses damaged or destroyed. As skies began to clear some in Northern California on Monday, folks …
Wildfires continued to burn in Texas and Oklahoma on New Year’s Day, fueled by record-high temperatures, high winds and significant lack of rainfall, sweeping across thousands of acres and destroying homes along the way. According to the Dallas Morning News, …
Inexperienced boat buyers are being warned by marine and insurance officials on the Gulf Coast to avoid purchasing hurricane-damaged vessels at auction. Robert Hartwig, the chief economist at the Insurance Information Institute, said Hurricane Katrina on Aug. 29 destroyed almost …
A former Vesta Insurance adjuster has been indicted on forgery and mail fraud charges alleging that she made fictitious claims for more than $220,000, the U.S. attorney’s office in Alabama said. Felicia Michelle McKinzy, 36, of Birmingham was charged in …
Liberty Mutual and Federated National insurance companies have asked Florida regulators for double-digit rate increases. Liberty Mutual Insurance Co. wants to raise rates by a statewide average of 25 percent, and Federated National Insurance Co. is seeking an average 14.9 …
A Louisiana district court judge has granted a temporary restraining order preventing, for now, the payment of nearly $2 million in tax revenue to East Baton Rouge Parish that Ouachita Parish officials believe belongs to them. The dispute centers on …
