July 21, 2006
The Ohio Bureau of Workers’ Compensation agreed this week to drop its appeal and pay $52 million awarded to injured state employees in a class-action lawsuit. The bureau had argued that state laws prevented workers from being paid twice _ …
July 21, 2006
Allstate Corp. said this week that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and life insurer reported net income of $1.21 billion (euro970 million), …
July 21, 2006
The National Hurricane Center discontinued its tropical storm warning for southeastern Massachusetts and Cape Cod early this morning as Tropical Storm Beryl weakened and moved north toward Nova Scotia. The storm passed through the area with average winds of under …
July 21, 2006
A groundbreaking case that challenges one of the nation’s largest insurers for refusing to cover damage from Hurricane Katrina’s monster storm surge went into the hands of a federal judge on Wednesday. U.S. District Judge L.T. Senter Jr., who presided …
July 21, 2006
Jerry Lee McClelland Jr. has been arrested on one felony count of receiving workers’ compensation benefits for a term longer than he was entitled, according to West Virginia Insurance Commissioner, Jane L. Cline. McClelland, of Collier County, W.Va. was receiving …
July 21, 2006
Federal workplace safety regulators have fined a demolition contractor more than $164,000 for alleged safety violations, including numerous violations at a building collapse in Holyoke, Mass. that killed one worker and seriously injured another. Associated Building Wreckers Inc. of Springfield …
July 21, 2006
A judge striving to be the fairest of them all on Tuesday sentenced to a year in jail a woman who pretended to be a Saudi Arabian princess as she fleeced insurance and credit card companies. It was not a …
July 21, 2006
Boston-based auto insurer Plymouth Rock has introuduced a new service for customers whose vehicles are unable to be driven after an accident. Known as “Tow And Go”, the service provides accident-related towing assistance — at no additional charge — to …
July 20, 2006
The National Association of Professional Surplus Lines Offices offered their full support and applauded the passage of the Non-Admitted and Reinsurance Reform Act of 2006 (H.R. 5637), by the House Financial Services Committee, Subcommittee on Capital Markets, Insurance, and Government …
July 20, 2006
A first-of-its-kind state law that would have required Wal-Mart to spend more on employee health care in Maryland is invalid under federal law, a judge ruled Wednesday. The state law would have required non-governmental employers with 10,000 or more workers …