The Connecticut Insurance Department is warning producers against placing coastal homeowners in the surplus lines market if an admitted insurer has offered to renew their policies. Doing so violates state law. In a recently released bulletin, the state says it …
The Florida Supreme Court has ruled that a non-resident blogger can be sued in the state for posting allegedly defamatory comments about a Florida company on her out-of-state Web site. In a unanimous opinion, the court said that if a …
BrokersLink, one of the world’s largest independent insurance broker networks whose members manage premium volumes in excess of $7 billion, announced the appointment of Leonard J. Battifarano as its CEO, effective July first. The announcement was made at BrokersLink’s second …
A state law passed after the July 4 blast on Ocracoke Island that killed four fireworks handlers mandated safety training for those who prepare the displays, but some warn the rule could limit fireworks shows this Independence Day. North Carolina …
A jury in Florida is set to begin deliberations in a lawsuit over the damages owed to owners of a house built with defective Chinese drywall. Attorneys say the verdict in the case of Armin and Lisa Seifart of Miami …
A crowded field of candidates is battling it out to become the state’s next insurance commissioner, with several vowing to fight the new federal health care law. Nine Republicans and one Democrat have entered the race to replace Commissioner John …
Workers’ compensation premium increases for volunteer fire departments are being postponed for a year while lawmakers address firefighter safety and liability issues, Gov. Joe Manchin said. Manchin said he hopes to have legislation ready for a July 19 special session. …
Florida officials have agreed to allow Bermuda-based reinsurer XL Re Ltd. to participate in Florida’s insurance marketplace under rules calling for reduced collateral. According to the Florida Office of Insurance Regulation (OIR), XL is the first Bermuda reinsurer approved to …
Imagine going to a house or condo you own and finding a stranger living there who claims the property no longer belongs to you. It’s happening across Florida and other parts of the country through what authorities say is abuse …
American International Group Inc. promoted Bill Dooley to executive vice president for investments and financial services, with overall responsibility for its asset management group. Dooley will report to Peter Hancock, AIG executive vice president, and continue to have overall responsibility …
