A published report says Detroit, Mich., has $20 million intended to demolish burned-out dwellings that’s sitting unused. The Detroit Free Press reports that the money is part of the Fire Insurance Escrow Fund. It was created by a law requiring …
A judge gave the maximum sentence possible to a man who admitted to setting fire to an office complex in Cape Girardeau, Mo. Twenty-six-year-old Mark K. Carleton was sentenced Tuesday to seven years in prison. He pleaded guilty last month …
Traditionally risk-takers, property/casualty insurance companies have become more like risk-avoiders when it comes to weather-related claims, leaving consumers and taxpayers to pay much higher costs, according to a new report by a national consumer group. The report by the Consumer …
A measure approved by the Oklahoma House of Representatives would stabilize the state’s firefighter pension system by, among other things, increasing the percentage of insurance premium tax allocated to the system. The House voted 93-1 in favor of House Bill …
Enservio, a Needham, Mass.-based provider of property insurance analytics, affinity marketing and claims solutions, is acquiring Insurers World, a provider of inventory transcriptions and evaluation services for claims, based in Canton, Mass. Together, Enservio and Insurers World will offer property …
A former director of Missouri’s insurance department has been named acting director of the Kansas City regional office of U.S. Department of Health and Human Services. Jay Angoff is taking over the position following the resignation of Judy Baker, a …
The last of the once-ubiquitous FEMA trailers has been removed from New Orleans more than six years after floodwalls and levees broke during Hurricane Katrina and caused the city to fill with floodwaters. The Federal Emergency Management Agency said the …
Texas-based independent insurance and financial service firm, Higginbotham, has appointed commercial insurance broker Jack Shell to develop its new transportation unit. Shell, hired in April 2011 at Higginbotham’s Houston branch office, has concentrated experience mitigating the exposures that characterize the …
Wells Fargo Insurance – part of Wells Fargo & Co. — announced a new regional structure for its insurance brokerage and consulting division. Previously operating with 15 regional offices, the business is now based upon seven regions, with approximately 160 …
Four insurance executives of a now defunct Florida property insurer have been found not guilty of defrauding the state’s reinsurance facility of over $20 million in a case stemming from hurricane losses dating back to 2004. Judge Robert Lewis of …
