March 15, 2013
A defense lawyer says a ruling by a Columbia city judge could affect driving under the influence cases across South Carolina. The judge threw out breath test results because the police officer told the suspect to blow hard into the …
March 15, 2013
More companies are buying cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a report by global broker Marsh. The number of Marsh US clients purchasing cyber insurance increased 33 …
March 15, 2013
American International Group Inc. has named Don Cummings as vice president and controller. He will assume responsibilities for the global controller unit, reporting to Jeffrey Farber, AIG deputy chief financial officer. Cummings will also oversee the controller units of the …
March 15, 2013
The U.S. government could have to run more state health insurance exchanges than expected under President Barack Obama’s healthcare law, if U.S. states pursuing their own marketplaces cannot complete them on time, a senior official said on Thursday. The Obama …
March 15, 2013
A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the Office of Insurance Regulation to approve an amendment …
March 15, 2013
The Hanover Insurance Group has joined forces with OMS National Insurance Co., RRG (OMSNIC) to offer a program of property/casualty insurance products to OMSNIC’s insured oral and maxillofacial surgeons (OMS). The Hanover’s products will be distributed through OMSNIC and The …
March 15, 2013
The U.S. Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite. Criticized for its traditional practice of a broad ban on wrongdoers breaking …
March 15, 2013
Anyone claiming whiplash injury should be required to undergo examination by an accredited medical expert under proposals being pushed by the Association of British Insurers (ABI). According to the organization, everyday 1,500 people claim whiplash injury. Reported whiplash has risen …
March 14, 2013
Richard “Gordy” Bunch, president and CEO of The Woodlands Financial Group, readily concedes that starting a personal lines-focused insurance business in Texas in 2001 – while the state was in the throes of the “mold crisis” – may not have …
March 14, 2013
A state senator in Texas is taking the insurance industry to task for what he perceives as its disinterest in coming up with new approaches to solving coastal windstorm insurance issues. In a Senate committee meeting on March 12, Sen. …