Yearly Archives: <span>2013</span>

Vietnam Says 24 Dead in Floods, Search for 10 Missing Continues

Twenty-four people died and a search continues for 10 others missing after three days of downpours triggered flooding in Vietnam’s central provinces, the National Committee for Flood and Storm Control said Saturday. Tropical storm Podul brought as much as 500 …

Many State Insurance Regulators Uncertain About Obama’s Fix to Health Insurance Promise

Many U.S. states are hesitant to embrace President Barack Obama’s fix to keep Americans from losing health insurance plans that do not comply with his healthcare reform, saying they need to figure out how to resurrect canceled policies and whether …

Insurers Weigh Forming Captive to Insure Customers of Bankrupt Futures Brokers

Eight private insurers have expressed interest in participating in a fund to provide insurance for losses suffered by customers of futures brokers that go bankrupt as in the cases of MF Global and Peregrine Financial Group, according to a study. …

Montana State Fund Declares Its Largest Dividend

More than 23,000 qualifying policyholders will receive a part of a $12 million dividend from Montana State Fund, the worker’s compensation insurer announced on Friday. This is the largest dividend MSF has declared since it began giving dividends in 1999, …

Safeco in California to Pay Out $3M For Using Credit Scores

Safeco Insurance Co. has agreed to pay a $900,000 fine and reform its approval process for homeowners and auto insurance coverage, California Insurance Commissioner Dave Jones announced Friday. Safeco was fined for the unapproved use of credit scores to deny …

Risk Partners Names Regional Business Development Manager in N.Y.

Medford, N.J.-based Risk Partners Inc. appointed industry veteran David Bierschied in New York State as regional business development manager. Bierschied will establish Risk Partners’ first New York State office in Syracuse. He will focus on production underwriting opportunities throughout New …

California State Fund CEO and CFO Resign

Two top executives at California’s State Compensation Insurance Fund have resigned. State Fund President and CEO Tom Rowe and Chief Financial Officer Dan Sevilla will resign from State Fund, the board of directors for California’s largest worker’s compensation provider announced …

New York Law Limits Liability for Convenience Checks

A new law protects New Yorkers from liability for the unauthorized use of convenience checks that their debit and credit card companies send without being asked. Signed Wednesday by Gov. Andrew Cuomo, the law is effective immediately. Bill sponsors say …

New Hampshire Risk Pool Manager Challenges $50M Refund Order

The New Hampshire Local Government Center is asking the state Supreme Court to reverse an administrative order that it refund $52 million to cities and towns it insures through its risk pool. The 2012 order found the LGC was violating …

$2.5M Settlement In Hawaii Malpractice Began With a Toe

Attorneys for the family of a 33-year-old Hawaii man who claimed his toe infection turned deadly because of negligent treatment at the Waianae Coast Comprehensive Health Center said a $2.5 million settlement has been reached. Attorneys for Chad Kitayama’s fiancee …