Fourth quarter profits at The Hanover Insurance Group fell 55 percent from $75.8 million a year ago to $34.1 million. Full-year net income dropped nearly 92 percent to $20.6 million, from the $253.1 million the Worcester, Massachusetts-based insurer earned in …
The Oregon House is evaluating a bill, HB 2326, that would increase the amount of motor vehicle liability coverage required for property damage and certain personal injury protection benefits. According to bill text, PIP benefits required by law for the …
Oklahoma’s attorney general says he remains hopeful, but not optimistic, about a pretrial settlement in the state’s federal lawsuit against more than a dozen poultry companies accused of polluting the one million-acre Illinois River Watershed with bird waste. “Being somewhat …
Legislation filed by Oklahoma state Rep. Dan Sullivan would ensure that unethical lawyers cannot siphon money from injured workers for political donations, according to the Oklahoma House of Representatives. “Lawyers are supposed to represent their clients, not prey upon them,” …
In two separate instances, Louisiana insurance agents recently have been accused of fraud and misappropriating premiums. In one case, the Louisiana Department of Insurance Fraud Section Investigators served Tamara Celeste Wilson, 34, with a notice of license revocation and civil …
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 week include rules that establish “minimum disclosure requirements.” Those requirements …
After State Farm announced it would be leaving behind 1.2 million property policyholders within the next two years, state officials expressed confidence that the private insurance market, including a number of relatively new Florida-only insurers, would rescue the business. Now …
A Baltimore woman says when she ordered an iced tea at a local McDonald’s restaurant last year, employees gave her a cup containing a cleaning chemical. Caryl Jones has filed a $100,000 lawsuit in Baltimore City Circuit Court. The lawsuit …
New Orleans-headquartered insurance wholesaler Burnett Holdings Inc. (Burnett) announced it has been acquired by QBE Holdings Inc. (QBE), part of Sydney, Australia-based QBE Insurance Group. The acquisition is effective from Dec. 31, 2008. The company will continue to operate under …
A Baltimore man is alleging 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 Hamm and several officers for …
