Hanson PLC, an international building materials company, announced that one of its U.S. subsidiaries, responsible for approximately 20 percent of the group’s present asbestos costs, has reached a settlement with its insurers. The settlement is effective from January 1, 2006 …
Florida Insurance Commissioner Kevin McCarty, after completing a tour of Gulf Coast areas devastated by Katrina, said he is more convinced than ever the nation, not only Florida, needs a National Catastrophe Plan. McCarty, as chair of the National Association …
Wichita resident Jeffrey Lopez, a former insurance agent, convicted of two felonies in 2001, had his probation revoked and was ordered to serve a prison sentence. Kansas Securities Commissioner Chris Briggs says that Lopez continued to solicit money for fraudulent …
Pennsylvania Governor Edward G. Rendell touted the decision cutting workers’ compensation insurance rates, a decision he said will save the state’s employers approximately $100 million on their 2006 premiums. The reduction averages 8.58 percent statewide. Rates were cut an average …
Marsh & McLennan Companies reported a profit for its fourth quarter 2005, compared to a loss in 2004 when it paid $850 million to settle a lawsuit by New York Attorney General Eliot Spitzer over bid-rigging and account steering. Net …
A lawsuit has been filed against a fire protection consultant and sprinkler company over a fire that destroyed a Milford, N.H. elementary school nearly two years ago. Three men have been indicted on charges that they set the fire that …
Massachusetts Attorney General Thomas Reilly is investigating excessive billing by hospitals to a state fund used to pay for uninsured patients. The investigation of the state’s $800 million “free-care pool” overlaps with a state audit that has uncovered unusually high …
Move supports Peak’s strategic growth initiative, and reflects Ohio’s commitment to business expansion and job creation through a portfolio of incentives offered by the Ohio Department of Development (ODOD) Columbus, OH — Peak Performance, a leading provider of insurance technology …
Before you give that special someone the perfect Valentine’s Day gift, you should know that Allstate has reportedly exposed a major myth surrounding every woman’s best friend. Allstate claim adjusters, who handle thousands of claims each year, have revealed The …
In a world where almost anything goes, no one should be too surprised that the Chicago Mercantile Exchange recently announced that as of Feb. 26 it will begin trading snowfall futures. The Associated Press reports that the world’s largest derivatives …
