Monthly Archives: <span>January 2010</span>

Pennsylvania Insurance Agents Accused of Stealing $1M

Two Pennsylvania insurance agents accused of stealing more than $1 million that was supposed to pay for workers’ compensation and liability insurance for six Berks County public school districts, have been arrested by agents from the Attorney General’s Insurance Fraud …

New Jersey Court Expands Sex Discrimination Protection

A New Jersey appeals court ruling has expanded protections against sexual harassment and discrimination in the workplace. A three-judge panel ruled Wednesday that the female owner of a South Plainfield-based tire business could sue United Rentals North America Inc. for …

Woman Sues New York City Gym over Pole-Dancing Class Injury

A woman says a Manhattan gym left her hanging when she tried a new workout: pole-dancing. Sue Ann Wee filed a lawsuit last week against the companies that run the Crunch fitness center chain. Lawyer Nicholas Warywoda says Wee seriously …

Chartis Assumes Ownership of Vermont Ski Resort

The Stowe Mountain Resort in Vermont has a new owner. The resort’s previous owner, the American International Group, had transferred ownership to its P/C insurance division, Chartis. Ski operations, two golf courses and a new upscale lodge are now owned …

Mass FAIR Plans Drops Rates

The Massachusetts Property Insurance Underwriting Association (FAIR Plan) will lower insurance premiums by an average of 0.72 percent, the Attorney General’s office said. The FAIR Plan had originally proposed increasing homeowners’ insurance rates by an average of 2.2 percent. That …

Mississippi Rejects Allstate Rate Hike

Mississippi’s insurance regulator, as he earlier indicated he would do, has denied a request from Allstate Property and Casualty Insurance Co. for a statewide home insurance price hike of about 60 percent. The increase would have affected about 50,000 policyholders. …

Alabama Lawmakers Favor Ban on Driver Texting: Poll

State Rep. Ken Guin says Alabama needs to ban people from text messaging while driving a motor vehicle, and a recent experience with a driver swerving “all over the road” is a reason why. “I started to drive around her. …

Florida Probing Cruise Customer Complaints Against Trip Insurer

Hundreds of people who canceled a cruise vacation booked though Florida travel agents because of illness say the insurer didn’t pay. Health News Florida reports that Florida’s Department of Financial Services began its investigation into Prime Travel Protection Services a …

Group Sues for Records Proving Post-Madoff Reforms at SEC

A legal watchdog group has asked a court to order U.S. securities regulators to cough up records showing they implemented promised reforms following their failure to detect Bernard Madoff’s massive Ponzi scheme. In a lawsuit filed Wednesday in federal court, …

N.Y. Fed Sought to Limit AIG Disclosures of Bank Payments

The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released Thursday showed. The email exchanges, between the New …