A Gloucester, Massachusetts man has been sentenced to jail for committing perjury in relation to a workers’ compensation scheme, Attorney General Tom Reilly announced. Timothy Hayes, 39, pleaded guilty this month to one count each of perjury and workers’ compensation …
A study released Tuesday by the Employment Policies Institute (EPI) reveals that as the cost of insurance premiums rise, pressure on businesses to keep labor costs in check results in job loss and involuntary part-time employment concentrated among low-skilled employees. …
Four people were killed Tuesday morning when a small airplane skidded off the end of the runway at the McClellan-Palomar Airport near San Diego. The plane took off in Hailey, Idaho, near Sun Valley, and crashed around 6:40 a.m. when …
Although the overall commercial property/casualty marketplace has seen little impact from the severe 2005 hurricane season, coastal property is experiencing a sharp increase in prices for wind and flood coverage, according to the latest Commercial Insurance Market Index Survey by …
Seattle-based Safeco has announced its fourth quarter and year-end results. The company reported its net income for the fourth quarter of 2005 was $190.7 million, compared with $179.8 million during the same period the previous year. For the full year, …
The Association of California Insurance Companies (ACIC) is testifying against proposed Department of Insurance reinsurance regulations that the association says would make it more difficult for insurers to do business in California. “The regulations propose unprecedented regulatory mandates on reinsurance …
A group of residents from Phillips County is having its lawsuit against the Arkansas State Police heard in federal court in Little Rock, where the agency is defending its dismantling of a number of vehicles because they were allegedly stolen. …
Ultimately “all the King’s horses and all the King’s Men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown in the towel on the London Market’s highly touted IT …
The Oklahoma House and Senate press offices reported that Thursday, Jan. 19, marked the deadline for state lawmakers to file legislation for the 2006 session, which will open Feb. 6. Since Jan. 1, more than 140 insurance-related bills have been …
A resolution opposing the federal State Modernization and Regulatory Transparency Act (SMART) was approved by the Michigan House Insurance Committee last week and is expected to receive full House approval within the next two weeks. The resolution was co-sponsored by …
