Peoria, Illinois-based RLI Corp. recently reported record 2005 net earnings, while at the same time announcing the company’s decision to exit the construction market. RLI said that net earnings were $107.1 million compared to $73.0 million reported last year. Additional …
Another insurer has decided it can’t continue to write homeowners insurance policies on Cape Cod. Starting April 1, Vermont Mutual will stop renewing about 4,700 homeowners and 400 dwelling policies, Tom Tierney, president of the insurer, confirmed to Insurance Journal. …
Minneapolis, MN – Wyde Corporation announced today the official launch of their new insurance claims application, Wynsure Claims. This new addition to their Wynsure suite of administration products handles claims processing from First Notice of Loss through benefit payment for …
Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from their board members, according to the D&O …
A state district judge in Austin, Texas, has ruled Allstate will not have to cover the living expenses of evacuees displaced from their homes by Hurricane Rita if their homes were not damaged, the Houston Chronicle and the Associated Press …
A Thibodaux, La., lawyer recently pleaded guilty to more than 40 criminal charges stemming from an investigation into his misuse of clients’ insurance money. Keith Labat pleaded guilty to seven counts of felony theft, two counts of forgery and 33 …
Liberty Mutual Group in Boston announced that Tom Leamon, director of its Research Institute for Safety since 1991, will retire in late 2006. Liberty Mutual has appointed Dr. Y. Ian Noy vice president and director to succeed Leamon. Built in …
Rhode Island House leaders made good this week on their promise to promote legislation to toughen Rhode Island’s drunken driving laws. The House Judiciary Committee voted 10-4 to approve a bill that would increase the penalties for people who refuse …
Critics are questioning the constitutionality of a proposed crackdown in New Hampshire on lawyers and financial advisers who help the elderly shield assets so they can qualify for Medicaid. Critics told a Senate committee this week that criminal prosecution of …
A Roman Catholic church in Manhattan has sued the Travelers Casualty and Surety Co. charging breach of contract, claiming the insurance carrier has improperly refused to pay $1.22 million stolen by a priest. The Church of St. John the Martyr, …
