In hopes of settling a stalemate in Washington’s special legislative session, Gov. Chris Gregoire has submitted a proposal that includes a claims settlement option for workers’ compensation claims. As part of the proposal, injured workers who are 55 and above …
Catastrophe modeling firm EQECAT has released a “CatWatch update” on the market loss estimate for the May 11 earthquake near Lorca, Spain, which indicates that, based on the latest information available, insured losses are not expected to exceed $100 Million. …
Privately held insurance broker, Lockton Companies has named Casey Zgutowicz as producer in its Chicago, Ill., office. The company also said Courtney Coury joined Lockton Chicago as an assistant vice president and account executive in the financial services practice. In …
A federal judge has sentenced Sean Hunter, the former director of aviation at Louis Armstrong International Airport, to one year and a day in prison in a Hurricane Katrina insurance fraud case. The Times-Picayune reports U.S. District Judge Stanwood Duval …
Another dry week in the southern United States has driven the spread of a devastating drought further across Texas and neighboring states, promising to add to economic losses that could top $3 billion. Texas, suffering its longest dry spell on …
Florida’s state-backed property insurance company is shoring up its ability to pay claims to home and business owners should a major hurricane or series of storms hit the state this year. For the first time in three years, the governing …
Louisiana Insurance Commissioner Jim Donelon announced that Emma Fontenot has assumed the position of deputy commissioner of the Office of Health for the Louisiana Department of Insurance (LDI). Fontenot most recently served as program manager at the Louisiana Department of …
A suburban fire department in Louisville, Ky. will begin charging a fee to battle most blazes later this summer. Lyndon will charge a homeowner’s or business’ insurance company as part of a new “cost-recovery” program approved this week. Lyndon Fire …
As flood waters continued rising along the Mississippi River, a House committee yesterday unanimously approved bipartisan legislation to extend the federal flood insurance program for five years and introduce financial reforms of the debt-ridden program. The legislation (HR 1309) approved …
The widow of a Salem, Mass. man who died when he was flung into the handrails inside a Big Dig tunnel after his pickup truck crashed has filed a $2 million wrongful death suit against eight companies involved in construction …
