A Michigan insurance company suing to force the federal government to pay $750,000 for wrecking a rare Ferrari in Kentucky questioned whether it was simply an accident. Motors Insurance said its investigation showed the high-performance car was being driven toward …
Final disciplinary actions taken by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) for May 2011 resulted in more than $70,000 in fines. Division of Workers’ Compensation final disciplinary orders for May 2011 include (in alphabetical order): American …
Crews in Hamburg, Iowa, were busy June 14 building up a secondary barrier to protect the small Iowa town after the swollen Missouri River punched a massive hole in the main levee. The river ruptured two levees in northwest Missouri …
Travelers has unveiled CyberRisk, a new product from Travelers Bond & Financial Products meant to limit client cyber exposures and managing associated risks. “Cyber risks leave businesses exposed regardless of size, industry or track record,” said Jason Glasgow, CyberRisk product …
Alan Kaufman, Chairman and CEO of Burns & Wilcox will deliver a keynote presentation at Dallas-based MarketScout’s fifth annual Entrepreneurial Symposium, outlining the trial and tribulations he has encountered while building his company into one of the largest and most …
Professional Liability Insurance Services, Inc. – Underwriting Facilities, on June 1, launched business interruption and extra expense insurance coverage for bed bug infestations for lodging facilities. The firms says it is the first to introduce the coverage. Policy features include: …
A southwestern Illinois chiropractor already sentenced to federal prison for health-care fraud and money laundering has been ordered to pay nearly $1.9 million in restitution. Forty-one-year-old John Hardimon of Shiloh pleaded guilty last October in federal court in East St. …
A jury in Houston, Texas, has found in favor of a property insurer in a lawsuit brought by a townhouse homeowners association over roof hail damage to 22 buildings. Summer Hill Village Community Association sued Colony Insurance for $22 million …
Texas Mutual Insurance Company reported that a Travis County district court sentenced Ellynn A. Ogilvie of Houston to five years of probation, 450 community service hours and a $2,000 fine for workers’ compensation fraud-related charges. Ogilvie, who owned United Crane …
A.M. Best Co. has assigned a debt rating of “bbb” to the $325 million 7.25 percent Series E cumulative preferred shares of Bermuda-base PartnerRe, Ltd. ,with a stable outlook. The proceeds from the issuance will be used by PartnerRe for …
