The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved seven renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These companies collectively employ approximately …
A state judge has declared a legislatively imposed cap on how much juries can award in non-economic damages unconstitutional. Circuit Judge Charles Webster in Coahoma County issued the ruling April 20 in a 14-page opinion. He criticized the Legislature for …
Fewer Storms Forecast for 2012 Atlantic Hurricane Season The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify into hurricanes, U.S. private forecaster Weather Services International …
Woodward, Okla., will soon have a new tornado warning system. Apache Corp, an oil and gas exploration and production company, and the City of Woodward announced a $350,000 donation from the company to replace the city’s current tornado warning system …
Federal flood insurance officials are urging Congress to renew the federal program. The National Flood Insurance Program is scheduled to expire on May 31 unless Congress acts, in advance, to reauthorize it. “Without reauthorization, the NFIP will be unable to …
More than $18.6 million in federal disaster assistance has been approved for Kentucky residents who went through the tornadoes and severe storms of late February and early March. The Federal Emergency Management Agency says around 5,300 people from 21 counties …
If the Supreme Court strikes down President Barack Obama’s health care law, employers and insurance companies — not the government — will be the main drivers of change over the next decade and maybe even longer. They’ll borrow some ideas …
Goldman Sachs Group Inc. must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly enrich itself. In …
American International Group Inc. has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files containing trade secrets. The civil lawsuit by AIG, the insurer …
ACE Limited reported its results for the first quarter of 2012. Highlights incuded the following: Q1 2012 Q1 2011 Gross premiums written ———— $4.787 bn $4.644 bn Net premiums written ————— $3.572 bn $3.446 bn Net premiums earned ———– $3.381 …
