February 22, 2009
24% of All Muslims in U.S. Have College Degrees; 16% Are High Income Earners While there are an estimated 130 entities selling takaful — cooperative insurance that is true to Shariah tenets of Islamic religious law — in foreign countries …
February 22, 2009
Chicago is hoping its financial strength will help it win the 2016 Olympic Games. Organizers, led by a well-known Chicago insurance executive, have incorporated into their bid what they say is a $1 billion safety net if the games exceed …
February 22, 2009
$105 The current per vehicle assessment charged by the Michigan Catastrophic Claims Association to help pay claims of seriously injured accident victims. Michigan is the only state to offer unlimited lifetime medical benefits for people seriously injured in auto accidents. …
February 22, 2009
The accidental deaths of two teenage boys at an excavation site in 1997 were separate occurrences under the liability insurance policy of the property owner, the Illinois Supreme Court has ruled in reinstating a $2 million judgment against the insurer. …
February 22, 2009
Michigan Attorney General Mike Cox said he is not giving up in his battle and will appeal a judge’s ruling in support of Blue Cross Blue Shield of Michigan’s ownership of workers’ compensation insurance businesses. Cox maintains that the workers’ …
February 22, 2009
$210 Million Amount sought by a Baltimore man who alleges in a lawsuit that rogue police officers violated his civil rights in a public strip search. Thirty-five-year-old Navy veteran Daryl Martin is suing the city Police Department, former commissioner Leonard …
February 22, 2009
A common practice by insurance carriers is to inform their agents that they should not send the company copies of certificates of insurance when they are issued. This is most likely the result of mail-flow issues with the underwriting departments, …
February 22, 2009
Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people considered to be “minorities,” …
February 22, 2009
Siren Song “The fire department is going to be mad at me.” —A sang phrase recorded by Amanda Gessner, 19, in a Drexel Hill, Pa. convenience store surveillance camera – which led to her arrest for arson charges. Police say …
February 22, 2009
Despite earning praise from major insurance brokerages, a proposed new regimen of compensation disclosure rules for insurance producers has New York agents on edge. The draft regulations issued earlier this month include rules that establish “minimum disclosure requirements.” Those requirements …