The Louisiana Supreme Court has relieved the state’s property insurer of last resort of the burden of paying a $125,000 penalty for late payment of a claim settlement stemming from Hurricane Gustav in 2008. Instead, Louisiana Citizens Property Insurance Corp. …
Midwest-based medical professional liability insurer, MMIC, has promoted Steve Lacke to senior vice president, Insurance Operations. Lacke joined MMIC as its vice president and chief actuary in 2009. In his new role, he is responsible for the company’s underwriting and …
Indiana has 32 cases of fungal meningitis linked to injections of a recalled back pain steroid, and authorities in Michigan are reporting 44 cases of fungal meningitis, along with four non-meningitis infection cases related to the same contaminated steroids. The …
A second man who was injured in an explosion at a southern Oklahoma oil refinery has died. A spokesman at the University of Oklahoma Medical Center in Oklahoma City says Russell Mann of Davis died Oct. 16. Mann was injured …
A day before more than 9 million people in California took part in a massive nationwide earthquake drill on Thursday, U.S. Geological Survey seismologist Lucy Jones stood in a room full of risk professionals in the San Fernando Valley and …
The number of independent insurance agencies has increased, newer agencies are growing and the system as a whole is dynamic, according to the 2012 Agency Universe Study. The study also documents that independent agencies appear to be increasingly using social …
A private fund-raising group set up to help Vermonters recover from Tropical Storm Irene has paid out more than $2 million to flood victims. There is another $2 million remaining in Vermont’s Long Term Disaster Relief Fund, but officials say …
The earthquake that rattled southern Maine was felt in New England states as far away as Connecticut, but caused no apparent damage or injuries. Patrons of a pizza parlor near the epicenter of Tuesday’s quake didn’t know what was going …
New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski visited a local high school Wednesday, kicking off his department’s statewide financial literacy program for the new school year.At the Old Bridge High School in Matawan, N.J., Kobylowski urged …
New York-based brokerage Frank Crystal & Company is rebranding the firm as Crystal & Company. The family-owned and operated firm was established in New York’s Wall Street in 1933 and has since grown to more than 400 employees, operating in …
