Ohio Gov. John R. Kasich has signed legislation continuing Ohio’s involvement in the surplus lines insurance market, the governor’s office announced. House Bill 122 permits the director of the Ohio Department of Insurance to join a compact if deemed advantageous …
Pending state legislative proposals, such as California’s AB 315, that would implement the Nonadmitted and Reinsurance Reform Act of 2010 (NRRA) are akin to the fly in the ointment. The NRRA becomes effective on July 21, 2011, which also is …
A last-minute effort to work out a settlement with Tenet Health Systems and Memorial Medical Center in a lawsuit over deaths at the hospital during Hurricane Katrina was unsuccessful. Jury selection for the trial was to begin Mar. 22 in …
Happy 100th Birthday Workers’ Compensation: Now What ? This year marks the 100th anniversary of the workers’ compensation system in the U.S. As Christopher Boggs, director of Education for Insurance Journal’s Academy of Insurance, writes in the following Workers’ Compensation …
A Deville, La., insurance agent has been accused of attempting to defraud insurers by submitting false business and receiving more than $127,000 in unearned commissions. Robert Lee Daniel III, 29, was served on March 18 by the Department of Insurance …
Electronic device insurance provider, Stillwater, Okla.-based Worth Ave. Group, has expanded its comprehensive insurance coverage for electronic devices to include e-readers, gaming consoles and digital cameras. Worth Ave. Group protection covers new, used or factory refurbished devices against virtually any …
Dennis Raab has been named chief financial officer of Columbus, Ohio-based Huntington Insurance, a wholly owned subsidiary of Huntington Bancshares Incorporated. Raab, a 16-year veteran of the insurance industry, will manage all of the financial procedures and practices of Huntington …
Actor Tom Hanks and his wife, Rita Wilson, have filed a lawsuit seeking unspecified damages from their former insurance broker. According to celebrity gossip Web site TMZ, which discovered the lawsuit, Hanks and Wilson previously worked with the J.B. Goldman …
Lawyers for a majority of the 15 insurance company and broker defendants in a long-running suit accusing them of bid-rigging are scheduled to be in court today outlining a proposed settlement that will cost them about $36.7 million. The antitrust …
A former New York lawmaker will spend at least four years in prison following his conviction in a Hamptons insurance fraud case. George Guldi was sentenced in Suffolk County Court in Riverhead to three to nine years for grand larceny …
