Garden City, Kan., officials are expecting city residents to file more than $300,000 in claims after a recent sewage pump malfunction at the city’s wastewater treatment plant. The malfunction on Oct. 20 caused sewage to flood into basements of nearly …
CPro Associates, a Dallas-based surplus lines wholesaler and managing general agency, has expanded its binding authority unit. Bill Buckley was named managing and directing of binding authority at CPro. He has been in the insurance industry for 24 years and …
The Missouri Department of Insurance announced that consumers who filed complaints against their insurance companies received an additional $12.8 million in claim payments in the first three quarters of 2013. The recoveries already surpass last year’s annual amount of $11 …
Insurance agents in Austin, Texas, report the interest in homeowners obtaining flood insurance coverage has risen dramatically after two recent rains that have flooded portions of Austin and neighboring communities. Approximately 650 homes and businesses were either damaged or destroyed …
U.S. Supreme Court justices on Tuesday signaled they may have some difficulty deciding whether employees at private firms that contract with public companies are subject to whistleblower protections. The justices appeared conflicted as they considered whether two whistleblowers are legally …
Charoen Pokphand Group Co., the largest stockholder in Ping An Insurance Group Co., pledged about 880.2 million Hong Kong-listed shares in China’s second- largest insurer to UBS AG to back financing. CP Group’s ownership in Ping An through units dropped …
Europe may be nearing an agreement on rules that aim to make insurance companies safer after 13 years of wrangling between politicians, companies and regulators. Insurers and European Union officials are working out a compromise on the capital they need …
Holding automobile insurance regulation in California as an example, the Consumer Federation of America issued a report on Tuesday showing that auto insurance expenditures in America rose by 43 percent on average over the past quarter century. The report holds …
Citing the emerging trend of frivolous patent lawsuits filed against startups and technology companies, Massachusetts Attorney General Martha Coakley announced that her office is exploring ways to end baseless patent trolling.Patent trolling is the practice of legal shell companies, which …
U.S. Risk Insurance Group, Inc., a nationwide managing general agency and surplus lines, has launched a new program for Texas lawyers’ professional liability through its U.S. Risk Pro division. This admitted program, written on AmTrust Group insurance carrier paper, has …
