Nearly one-in-five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax. There are more than 47 million cars in the …
Texas Governor Greg Abbott appointed Gerald Ladner, Sr. and reappointed Rosemary Gammon to the board of the State Office of Risk Management. Their terms expired Feb. 1. Dr. Lloyd Garland was named as presiding officer of the board. The State …
The world economy may seem like a mess right now but that doesn’t necessarily mean the United States is headed for a recession, according to an internationally recognized Texas-based economist. While the dive in the stock market has a lot …
Oklahoma insurance regulators have filed suit against two New York financiers who took control of a failed Oklahoma insurance company, saying the pair and others infused it with allegedly worthless assets and used it as a vehicle through which to …
Relatives of a demolition worker have been awarded $53 million over his 2013 death after falling four stories during a renovation of Texas A&M’s Kyle Field. Jurors in Houston decided on damages in the negligence lawsuit filed on behalf of …
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced a grace period for employers without workers’ compensation insurance coverage or that terminated their coverage — deemed non-subscribers — to report their non-coverage status to DWC without penalty. This …
Louisiana has implemented new ways of collecting fines from people the state believes are driving without insurance. The Advocate reports the recently formed Office of Debt Recovery has the authority to extract money from bank accounts, intercept tax refunds and …
Holborn, an independent reinsurance broker based in New York City, has hired Stephanie Gould Rabin as senior vice president. In this role, Gould Rabin will be responsible for working closely with the firm’s analytics and broker teams to develop customized …
Delaware Insurance Commissioner Karen Weldin Stewart said 2015 marked another record year of captive insurance formations in Delaware. Stewart said Delaware last year licensed 74 pure captive insurers, three special purpose captive insurers and 112 series captive insurers, for a …
New York Gov. Andrew Cuomo’s 2016-17 fiscal year budget plan includes a proposal to expand the ability of some government entities to use owner-controlled insurance programs, also known as wrap-ups, for public works projects. But an insurance producers’ trade group …
