Kenneth Feinberg, who last week took over the claims process for BP Plc’s Macondo well oil spill, has so far paid nearly $10 million in emergency payouts to Gulf Coast residents who have suffered economic harm, documents show. Feinberg, who …
The California Legislature has passed two surplus lines insurance bills that have been sent to Calif. Gov. Arnold Schwarzenegger. AB 1708 (Villines), sponsored by the California Department of Insurance, would require the total capital and surplus requirements for nonadmitted insurers …
According to catastrophe risk modeling firm AIR Worldwide, the sixth, seventh, and eighth named storms of the northwest Pacific season are approaching the Asian mainland bringing high winds and expected heavy rains. Typhoon Kompasu, the seventh of this year’s tropical …
Lexington Insurance Company, a Chartis company, has introduced its Low Income Housing Tax Credit (LIHTC) First Party and Professional Liability Insurance program. The program is designed to protect owners, developers and investors against financial losses arising from the loss or …
A judge in the District Court of Oklahoma County in mid-August issued an order of liquidation with a finding of insolvency for workers’ compensation provider Pegasus Insurance Co. Inc. Oklahoma Insurance Commissioner Kim Holland initiated proceedings to place Pegasus into …
New Jersey workers’ compensation laws do not prevent a construction worker injured in a trench collapse from suing his employer, a state Appeals Court has ruled. The lawsuit — which was originally dismissed by a lower, Superior Court — stems …
Columbus, Ohio-based Grange Insurance has promoted Elizabeth Dinnin to president of Commercial Lines. In this role, she’ll be responsible for the overall growth and profitability of the company’s $200 million book of business. Dinnin previously served as vice president of …
The use of compound drugs, medical foods, and so-called convenience packs that combine prescription drugs and medical foods, increased dramatically in the second quarter of 2007 — driving up costs in the state’s workers’ compensation system, according to a new …
The Ohio Bureau of Workers’ Compensation board of directors has voted to maintain the current maximum discount and break even factors (BEF) for group-rated employers for the policy year beginning July 1, 2011. In October 2009, the board established the …
Bryan Staub and Kelly Anderson have joined Dallas-based surplus lines insurance broker and managing general agent RISC Inc. in its brokerage department. Anderson has joined the firm as a senior associate. She has nine years of property/casualty experience and most …
