March 27, 2009
Great American Insurance Group introduced a new modular policy providing coverage for a variety of cyber risks. The ISO based-Internet Liability and Network Protection Policy (ILNPP) was developed to protect commercial enterprises, including not-for-profit organizations, from exposures inherent with the …
March 27, 2009
On March 25, Missouri Senators endorsed legislation that would repeal a requirement that fire safety inspections in Missouri long-term care facilities be performed by local fire departments or the state fire marshal’s office. The measure’s sponsor, Sen. Bill Stouffer, said …
March 27, 2009
Flight data point to possible flight crew errors rather than ice accumulation as a key factor in last month’s plane crash near Buffalo, New York, that killed 50 people, aviation safety experts said. The National Transportation Safety Board said information …
March 27, 2009
Kansas City, Mo.-based Westrope has added Joost Hol to its West Coast office in downtown Los Angeles. Joost is a property insurance professional who handled national and international property risks for AIG until 2007. After leaving AIG, he attended the …
March 27, 2009
A federal judge in Delaware has sentenced a former AIG employee who stole nearly $500,000 over four years to a year and a day in prison Stacey Baisden, who pleaded guilty to mail fraud last year, apologized in court Wednesday. …
March 27, 2009
The Iowa General Assembly is considering several insurance-related bills that could pose threats to consumers, including one that would expand wrongful death claims to allow recovery of highly speculative damages, which would likely increase the value of claims and drive …
March 27, 2009
Court records show that a business owner in Hudson, New Hampshire faces a federal wire fraud charge alleging that he stole roughly $100,000 from a client. Scott Drohan, owner of Juskel Services, was released on personal recognizance earlier this week …
March 27, 2009
The National Weather Service says the Red River reached record stage in Fargo, N.D., overnight and one of the levees was breeched. The river had risen to 40.18 feet early on March 27, breaking a 112-year-old record on its way …
March 27, 2009
The former CEO of Louisiana’s state-backed insurance company wants the criminal case against him moved from East Baton Rouge to Jefferson Parish. Terry Lisotta’s lawyer, David Courcelle, said the fraud case should be in Jefferson Parish because that’s the home …
March 27, 2009
Oklahoma Insurance Commissioner Kim Holland said she is “grossly disappointed and frankly mad” about a continuing backlog of more than 200,000 unpaid health insurance claims in a state workers’ insurance plan. “That is just absolutely unacceptable,” Holland said of the …