An Ohio insurance company must pay benefits to a Detroit-area woman who witnessed the death of her son on a motorcycle. A Michigan appeals court said Gale Boertmann of Clinton Township can collect on her auto policy because nightmares and …
Management of the Texas Windstorm Insurance Association was taken over by the Texas Department of Insurance in late February as lawmakers and regulators criticized the association’s adminstrative functionality and its handling of claims in the wake of Hurricane Ike in …
Texas-based commercial insurance and risk management firm, K&S Insurance Agency, announced that John D. Marek has joined the company as partner. Marek will help lead the firm’s new business recruitment and sales management. A specialist in casualty-driven businesses, Marek began …
Heavy Rain “It was fast and furious, so that’s why people got slammed. The water came gushing. It’s the worst (flood) I’ve seen.” —Patricia Murphy, mayor of New Milford, Connecticut, where state officials had to haul a temporary bridge to …
Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire Hathaway and billionaire investor, in his annual letter to …
After years of maintaining that the duty to defend and the duty to indemnify were independent duties in a liability policy, the Texas Supreme Court held in 1997 that the same allegations used to determine that no duty to defend …
Advocate Reinsurance Partners Goss Reinsurance Brokers LLC, a privately owned reinsurance intermediary firm headquartered in Dallas, Texas, announced it has changed the company name to Advocate Reinsurance Partners LLC. The name change was brought about because the partners believe Advocate …
American International Group Inc. said it would post an estimated $1 billion in pre-tax catastrophe losses in the first quarter, mostly from exposure to the March 11 earthquake in Japan. AIG said its exposure would be about $900 million after-tax. …
California Gov. Jerry Brown has declared a state of emergency for two more coastal counties hit by last week’s tsunami. The governor issued emergency proclamations March 16 for Mendocino and San Luis Obispo counties. In Mendocino, the harbor at Fort …
As part of an investigation into prescription drug abuse in the state, Ohio law enforcement officials and workers’ compensation bureau investigators have conducted a raid on the offices of a doctor in the state’s workers’ compensation system. Ohio officials previously …
