The biggest earthquake on record to hit Japan rocked its northeast coast on Friday, triggering a 10-meter |33 foot] tsunami that killed hundreds of people and swept away everything in its path. Thousands of residents near a nuclear plant in …
A federal judge limited the potential financial liability facing the operator of LimeWire, a once-popular file-sharing service found liable for copyright infringement, at an upcoming damages trial. Rejecting an argument that could have led to “trillions” of dollars in damages, …
American International Group offered Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. government took off the bailed-out insurer’s hands during the financial crisis. The announcement came as a surprise, though AIG — which nearly collapsed in …
California Insurance Commissioner Dave Jones has filed regulations to add the category of “spouse” to the application form for the state’s Low Cost Auto Insurance Program. “The definition of marriage has changed over time in California, and it is imperative …
The Joint Task Force comprised of the California Highway Patrol (CHP), the California Department of Insurance (CDI) and San Francisco District Attorney’s Office has reportedly completed its four-year investigation of former California State Compensation Insurance Fund employees and directors. In …
The company created by West Virginia to provide workers’ compensation insurance no longer wants to cover state agencies, prompting lawmakers to consider alternative policy options. The Senate Finance Committee learned this week of the possible change by BrickStreet Mutual Insurance …
Texas Commissioner of Workers’ Compensation Rod Bordelon recently announced final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for February 2011. They included fines of up to $18,000. DWC Final Disciplinary Orders for February …
Texas State Rep. Larry Taylor, R-Friendswood, has introduced House Bill 2818, a comprehensive reform effort intended to address many of the problems confronting the Texas Windstorm Insurance Agency (TWIA). In announcing the bill, Rep. Taylor said the legislation is in …
NAS Insurance Services has named David Lloyd chief operations officer, with oversight of operations, online business development and agency services. In his former position as senior vice president of operations at Venbrook, Lloyd managed all aspects of Web and product …
Oregon will receive about $3.6 million as part of a multi-state settlement with the American International Group (AIG) over misreporting of workers’ compensation insurance premiums. A two-year examination of AIG and its Chartis insurance companies found the companies misreported $2.12 …
