New York’s top insurance regulator has directed insurers this month to detail payouts and reserves for claims in the 2001 World Trade Center attacks in an effort to prompt settlement of the decade-old federal case. Benjamin Lawsky, superintendent of the …
As the mid-Atlantic states continue to recover from last month’s destructive “derecho” storm system, insurance claims have been pouring in by tens of thousands. In Maryland, over 30,000 derecho-related claims have been filed by Maryland policyholders as of July 16, …
North Carolina House and Senate lawmakers have voted to prohibit any state agency from making policies on sea-level change until 2016 and have called for the scientists to do more studies. Their bill now goes to Gov. Beverly Perdue. The …
A Milwaukee heating and air conditioning company’s insurance provider must defend the business against allegations it sent out an unsolicited “junk” fax in violation of federal law, a state appeals court ruled. The 1st District Court of Appeals’ decision clears …
A new report that examines the Penn State University scandal had harsh words for the school’s top officials. Former FBI Director Louis Freeh – who was hired by university trustees to investigate the scandal and prepare a report – says …
A federal appeals court said recently Travelers Property Casualty Co. doesn’t have to pay $1.75 million in damages as part of a settlement involving privately owned juvenile detention facilities in Pennsylvania. Travelers has claimed it was free from paying damages …
The New York Insurance Association said this month the Buffalo-Niagara Falls metropolitan area has the highest vehicle theft rate in New York State. The region had a vehicle theft rate of 161.19 thefts per 100,000 inhabitants in 2011. The Buffalo-Niagara …
In what has been called a landmark decision, the Supreme Court of Texas has found that a bad faith cause of action is inconsistent with the current workers’ compensation system. The Court’s decision strengthens a law affecting millions of Texans, …
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“The economic sky is not falling.” That’s the opinion, at least, of Robert P. Hartwig, Ph.D., president and economist at the Insurance Information Institute. Hartwig told attendees at an insurance symposium recently held in Austin by the Insurance Council of …
