Insured severe weather losses have already topped $15.5 billion in the United States this year, three times the full-year average of the last 20 years, insurance brokerage Aon Corp. said Wednesday. Almost all of that comes from the outbreak of …
Pacific Gas & Electric Co. has agreed to pay $26 million in penalties after acknowledging safety violations in a fatal natural gas explosion that destroyed one home and damaged several others in a Sacramento suburb on Christmas Eve 2008. The …
Washington Insurance Commissioner Mike Kreidler has fined insurance companies, agents and brokers more than $750,000 in 2011. Violations included charging unapproved rates and submitting false documents. From January through mid-June, the insurance commissioner’s office has imposed $787,815 in fines. The …
Fourteen homes have been destroyed in Arizona yesterday, after the Monument Fire burning near Sierra Vista went south into neighborhoods. All told, there are six fires burning in Arizona, and five in New Mexico. As of June 21, the six …
Former President George W. Bush will address the Target Markets Program Administrators Association (TMPAA) at its annual summit this October, according to the insurance group. The annual summit is scheduled for October 24-26 in Scottsdale, Arizona. The keynote address by …
Private U.S. property/casualty insurers’ net income after taxes dropped to $7.8 billion in first-quarter 2011 from $8.9 billion in first-quarter 2010, with insurers’ annualized rate of return on average policyholders’ surplus decreasing to 5.6 percent from 6.8 percent. Reflecting insurers’ …
Virginia’s Prince William County plans to begin charging health insurance companies for ambulance trips. On July 1, the county will start billing insurance companies when a patient is taken to the hospital by its emergency medical services. The county will …
The bonding company for Alcorn County supervisors is repaying the county more than $95,000 to repay funds the state auditor said were misused by former supervisor Danny Crotts. Board of Supervisors President Gary Ross says the state auditor’s office has …
Three men who spent more than half a day trapped underground in a flooded southeastern Kentucky coal mine waded out and were on their way home after just a quick hospital evaluation. Relief was on the faces of Pernell Witherspoon’s …
Federal regulators are making permanent an emergency rule implemented last year requiring underground mines to do more to control explosive coal dust. The Mine Safety and Health Administration announced the final rule this past Monday. The rule was issued last …
