He Owed Them ‘I owed it to each writer to consider them.” —U.S. District Judge David Hittner comments on the 350 letters he received from investors defrauded by former billionaire Allen Stanford that detailed the impact of the fraud on …
One of three former Nebraska insurance agents accused of defrauding more than 250 investors out of $29 million has pleaded guilty and agreed to help prosecutors. The Grand Island Independent reported that Kenneth Mottin, of St. Libory, pleaded guilty to …
Alabama’s governor is promoting new laws designed to make homeowners’ insurance more affordable after hurricanes drove up prices. Gov. Robert Bentley, who owns a vacation home on the coast, made homeowners’ insurance an issue in his 2010 campaign. He appointed …
Insured losses from violent hailstorm in Dallas in mid-June should be just under $1 billion, a trade group for Texas insurers said. That amount is sharply less than what another industry trade group previously estimated. The Insurance Council of Texas, …
Hotel owners and tourism promoters along South Carolina’s Grand Strand are concerned about new hurricane evacuation plan that includes areas not previously part of such plans. Under the plan, if the governor orders an evacuation, it will be mandatory. Oceana …
The very same “can-do” attitude that makes many entrepreneurs so successful could also be their downfall. Despite 64 percent saying that legal issues should be handled by professionals, only 26 percent of small businesses actually employ full or part-time legal …
On the heels of the U.S. Federal Reserve’s decision to maintain the target fed funds rate at zero to 25 basis points Swiss Re’s Chief Economist, Kurt Karl, said: “The U.S. economy has been weak recently, but is likely to …
National healthcare reform legislation passed by Congress in 2010 may or may not survive consideration by the U.S. Supreme Court, but the healthcare system already has been evolving in ways that are likely to proceed regardless of the success or …
Florida and Virginia have received good marks in a survey that looks at building codes in hurricane-prone states. The Tampa-based Insurance Institute for Business & Home Safety conducted an analysis, evaluation, and comparison of building code and enforcement systems for …
Predictive modeling has forever changed the way insurance policies are priced. The tool allows insurers to design more sophisticated models that tap more detailed data sets to refine precisely how much each customer should be charged. Casualty actuaries got an …
