Louisiana’s Coastal Protection and Restoration Authority has put off deciding how to spend $300 million for flood-protection projects in case the money is needed for the New Orleans-area’s levee bills. The Army Corps of Engineers is putting in $12.9 billion …
A judge in West Virginia reduced by more than half a jury’s multimillion-dollar award to a Charleston surgeon whose hospital privileges were wrongfully revoked. A Kanawha County jury in February awarded Dr. R.E. Hamrick Jr. $25 million in his lawsuit …
Frost Insurance, a subsidiary of Frost, has acquired Seeberger Insurance Associates, an independent insurance agency based in Plano, Texas, that specializes in group employee benefits plans. Frost Insurance reported the acquisition was effective July 1, 2008. “Seeberger Insurance Associates, owned …
Georgia drivers lined up at a Citgo gas station in Norcross to take advantage of $1.99 gas. It was part of a promotion campaign by Infinity Insurance Co. of Alpharetta on July 10. There was a catch though, no one …
Complaints about North Dakota’s Workforce Safety and Insurance (WSI) agency may not translate into support for making WSI a private business and allowing competition from other insurers, state lawmakers say. The Legislature’s interim Industry, Business and Labor Committee, which is …
Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection from the insurance slump and a few brokers report success in negotiating higher …
A Michigan man whose conviction on terror-related charges was thrown out in 2004 is working on a plea agreement to close a case involving allegations of insurance fraud. The disclosure was made in federal court on July 11 by an …
AIG Landmark, a unit of AIG Commercial Insurance, said it will begin offering multi-line insurance products to the agribusiness industry segment, including grower/packer/shippers, processors, handling and storage operations, and suppliers and vendors of agribusiness-related products and services. AIG Landmark said …
Standard & Poor’s Ratings Services said that it expects the global takaful sector to continue its rapid growth and to become a significant contributor to the global “risk transfer” market place. The world’s Islamic population is estimated to comprise some …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Co. (China) Limited. A.M. Best said it believes that underwriting discipline at Lloyd’s is likely …
