While South Central states suffer from drought, the Midwest is paddling upstream against too much water and the flooding has once again put the spotlight on the National Flood Insurance Program with all its faults and foibles. One Michigan lawmaker …
The Doctors Co., FPIC Insurance Group The Doctors Co. acquired FPIC Insurance Group Inc. a Florida-based provider of medical professional liability insurance for physicians, dentists and other healthcare providers. The Doctors Co. will acquire FPIC for $42 per share in …
Investor Warren Buffett has donated $1.78 billion to several charities, with the bulk going to the Bill & Melinda Gates Foundation, as part of his plan begun in 2006 to donate 99 percent of his wealth. According to a filing …
Five states-California, Florida, Texas, New York and Michigan-generate almost half of all suspicious claims to property/casualty insurance companies, a new report says. These states account for 49 percent of all “questionable claims” as tabulated by the National Insurance Crime Bureau. …
A settlement of up to $750 million has been reached with the German conglomerate Bayer CropScience on behalf of U.S. rice farmers in a series of rice contamination lawsuits, according to Don Downing, an attorney with Gray, Ritter & Graham …
Los Angeles-based Farmers Insurance Inc. has agreed to pay $1.52 million in overtime back wages to 3,459 employees following an investigation by the U.S. Department of Labor’s Wage and Hour Division that disclosed significant and systemic violations of the federal …
The Myth of Value Added Services These are very interesting times for agents and brokers. It has not been since World War II that our industry has been in these depths – a shrinking premium base. This coupled with a …
Los Angeles-based Farmers Insurance Inc. has agreed to pay $1.52 million in overtime back wages to 3,459 employees following an investigation by the U.S. Department of Labor’s Wage and Hour Division that disclosed violations of the federal Fair Labor Standards …
The husband of an obese woman who died of a blood clot after working long hours at her home office is eligible to receive workers’ compensation benefits, a New Jersey appeals court ruled. The case has raised questions about the …
In the final hours of the 2011 Special Session the Texas Legislature worked out a compromise on reforms to the state’s insurance provider of last resort for wind and hail for properties along the Texas coast. The House and Senate …
