The Chubb Corporation announced it estimates its losses from Sandy to be approximately $880 million before tax — or $570 million after tax.These amounts include estimated losses and loss expenses net of reinsurance recoverable and also include estimated reinsurance reinstatement …
Colorado, Oregon and Washington are among the first six states to get preliminary approval from the Obama Administration to operate a health insurance exchange. The Centers for Medicare and Medicare Services announced the decision on Monday. The other states were: …
Arthur J. Gallagher & Co. has acquired Charter Lakes Marine Insurance Agency, headquartered in Grand Rapids, Mich. Terms of the transaction were not disclosed. Founded in 1986, Charter Lakes operates as a retail property/casualty insurance broker, program administrator and managing …
Hiscox has partnered with Rocket Lawyer, an online legal service, to provide small businesses with both insurance and legal advice. In addition to Hiscox’s insurance policies for small businesses, Hiscox customers will also have access to step-by-step legal documents and …
The National Insurance Crime Bureau(NICB) says progress is being made in identifying and removing thousands of vehicles damaged beyond repair by Superstorm Sandy.The estimate of 230,000 insurance claims for vehicle damage in the areas affected by Sandy remains unchanged at …
Fort Worth-based independent insurance firm, Higginbotham, and Coastal Insurance Group LLC announced the merger of their operations in Friendswood, Texas. Coastal Insurance Group, a personal and commercial insurance broker in Friendswood, will align capabilities with Higginbotham to offer a single …
A California appeals court has overturned a Lucasfilm pregnancy case verdict, saying jurors should have been told the entertainment company was entitled to withdraw its job offer. A Marin County jury had awarded $114,000 and a judge awarded $1.2 million …
San Francisco 49ers defensive end Demarcus Dobbs walked away from a one-vehicle accident on his 25th birthday last month and was arrested on suspicion of drunk driving. Less than two weeks later, with the NFL rocked by the car crash …
An insurance broker already headed to prison for funneling bribes to a former Toms River, N.J., school superintendent now faces an additional sentence for swindling the city of Perth Amboy in New Jersey. A state judge in New Brunswick, N.J., …
A rising tide of first-party bad faith decisions is defining the contours of the bad faith cause of action. Recently, three courts have found first-party insurance companies liable for bad faith claims handling. However, there are also two recent bad …
