Gov. Don Carcieri this week offered to meet with two men he is trying to remove from the board of directors of Beacon Mutual Insurance Co., which is being audited by the state after allegations of questionable business practices. The …
The United States’ disaster response agency should be abolished and rebuilt from scratch to avoid a repeat of government failures exposed by Hurricane Katrina, a Senate inquiry has concluded. Crippled by years of poor leadership and inadequate funding, the Federal …
A Massachusetts jury found a Lawrence lawyer guilty of auto insurance fraud in a scheme that prosecutors say involved staged accidents and phony victims. A jury in Salem Superior Court jury deliberated for two days before convicting Charles Lonardo, 45, …
Lawyers for a California woman who was spanked in front of her co-workers as part of what her employer said was a camaraderie-building exercise asked a jury this week for at least $1.2 million for the humiliation she claimed to …
The American Academy of Actuaries, in response to questions posed by the President’s Working Group on Financial Markets, has submitted its terrorism risk insurance analysis, which concludes that a national framework for terrorism risk is necessary if terrorism coverage is …
Reliable estimates reveal that between 50 to 70 percent homeowners do not have enough insurance to rebuild their homes in the event it is completely destroyed, according to a Texas-based insurance industry trade group. “It is unfortunate that many people …
The Independent Insurance Agents of Texas, representing nearly 1,800 independent insurance agencies statewide, announced it has endorsed the Perry-Sharp tax relief and school finance plan. Tax reform and school financing is currently being debated in a special session of the …
A Lake Charles, La., insurance producer was ordered to cease and desist operating in the business of insurance and received a summary suspension of his licenses for allegedly misappropriating insurance premium payments. Louisiana Department of Insurance Fraud Unit investigators served …
The Louisiana House Insurance Committee has passed legislation (H.B. 318) regarding a ban on the use of credit scoring information from 2005, which will negatively affect consumers and the overall insurance market in Louisiana, according to the American Insurance Association …
Rockwood Programs has announced significant changes to its existing Employment Practices Liability Insurance (EPLI) policy. The enhanced coverage form will be available in all jurisdictions with the exception of California on April 17, 2006. The changes include the following: * …
