Mississippi residents cannot afford to ignore the reality that 90 percent of all natural disasters in the nation involve flooding, according to Insurance Commissioner Mike Chaney. Chaney said that Flood Safety Awareness Week (March 16-20) is a perfect time for …
Fire has struck in the Coatesville, Pennsylvania area again, but officials says it’s not believed to be connected to the recent string of arsons in that area. The fire erupted just after midnight Monday in what is believed to be …
The National Association of Insurance Commissioners (NAIC) has adopted a proposal to review the use of credit-based insurance scoring. The NAIC said it will convene a public hearing to take testimony on how the insurance industry uses credit scores, what …
The number of construction jobs in Massachusetts has fallen by about 10,000 positions in the past three months to the lowest level in a decade. The Boston Globe, citing state employment data, reports Monday that there are about 120,000 jobs …
Consumer advocates have proposed that federal law enforcement agencies should create a special investigative unit dedicated to unearthing any fraud or misconduct attributable to American International Group (AIG) employees paid bonuses since taxpayers bailed out the company. The California nonprofit …
Investigations by The New York State Insurance Department Frauds Bureau led to 755 arrests in 2008 — a slight increase over 2007 and and the highest arrest total since 2004, the department said. “Arrests for crimes like auto give-ups and …
A judge has ruled that the Pasco County Sheriff’s Office should pay $9.14 million to a woman who sustained permanent brain damage from a crash with a deputy. A judge ruled that Deputy Kenneth Petrillo was negligent in the January …
The U.S. Treasury will modify a planned $30 billion capital infusion for American International Group to try to recoup hundreds of millions of dollars in controversial bonuses paid by the insurer, a Treasury official said on Monday. The Treasury is …
The U.S. Treasury is expected to propose within days the creation of a “systemic risk regulator,” probably the Federal Reserve, to oversee banking and market problems that could threaten the economy. On both sides of the Atlantic, “tunnel vision” is …
Willis Group Holdings has launched Willis Facultative, which it described as a”new unit that combines the individual facultative units of Willis and Willis Re and consolidates the group’s specialist Facultative Advocates around the world into a single global business. “The …
