Colorado-based weather researchers say three hurricanes formed in the Atlantic this year, two fewer than they predicted before the season and one less than their August update called for. Colorado State University researchers William Gray and Phil Klotzbach said Thursday …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Bison Insurance Company Limited, both with stable outlooks. “The ratings,” said Best, “reflect Bison’s historically adequate capitalization, generally favorable operating …
The Professional Liability Underwriting Society (PLUS) has honored Corbette S. Doyle with its 2009 PLUS1 Award at the organization’s 22nd Annual International Conference. Doyle, who is a lecturer in Leadership, Policy & Organizations at Vanderbilt University, received the award for …
The New Jersey Supreme Court has ruled the state’s insurance regulator can implement a medical fee schedule for treatments covered by Personal Injury Protection (PIP). The decision upholds an August decision by a state appeals court. “We are gratified by …
The Insurance Industry Charitable Foundation (IICF) announced that Willis Group Holdings CEO and Chairman Joseph J. Plumeri will be the honoree for its 2009 New York Division Gala. Plumeri will be honored specifically for his personal philanthropy and positive impact …
Michigan officials have ordered a Northville insurance agency, Henrickson Hoppens Agency, to immediately close down, accusing it of selling insurance and issuing insurance certificates without a license. The order extends to agents Germaine and Stephen Hoppens, whose licenses had been …
Louisiana Commissioner of Insurance Jim Donelon says homeowners whose properties are contaminated with defective Chinese drywall and who have been covered for more than three years by their homeowners insurer have the right to continue their coverage while vacating and …
State insurance regulators have expressed support for recent changes to proposed legislation creating a Federal Insurance Office (FIO). In a letter to the House Financial Services Committee, the National Association of Insurance Commissioners (NAIC) said amendments to the Federal Insurance …
Virginia regulators are seeking to suspend the nation’s oldest black-owned insurer from doing business in the state, saying its finances are in hazardous condition. The Virginia State Corporation Commission said that the North Carolina Mutual Life Insurance’s surplus dropped by …
An Illinois insurance executive accused of secretly making nude videos of ESPN reporter Erin Andrews pled not guilty during his arraignment in a Los Angeles federal courtroom on Monday. Michael Barrett is charged with one count of interstate stalking. The …
