The California State Compensation Insurance Fund’s 2016 annual report shows a net income of $192 million in 2016. Other important highlights from the newly released report include: 128,000 policies written in 2016 Earned net premiums of $1.5 billion Policyholders’ surplus …
North Carolina Department of Insurance (NCDOI) announced the conviction of two retired insurance agents in a regional scam targeting senior citizens. Insurance Commissioner Mike Causey said the two retired agents, Milton Hooks, 72, of Rocky Mount, and James Mangum, 69, …
The North Carolina Rate Bureau’s request for an auto rate hike of 13.8 percent is not justified based on the data submitted, according to a statement from the North Carolina Department of Insurance. The decision, made by Commissioner Mike Causey …
The largest U.S. electric company sued 30 international and domestic insurance companies last month, saying they should cover part of the utility’s multibillion-dollar cleanup costs in the Carolinas for toxic byproducts left from decades of burning coal to generate power. …
Singing River Health System in Mississippi has lost its case in the 5th Circuit Court of Appeals against an insurance company that has been paying the hospital system’s legal fees in the court battle against its retirees. The Sun Herald …
International broker and risk management firm Integro Insurance Brokers has promoted Mike Price to lead its global Sport team. The Atlanta-based Price will lead strategy and continued development of the sport division and work closely with the management teams in …
When dozens of taxi and limo drivers claimed the same home address, it led to a big insurance bust. North Carolina Insurance Commissioner Mike Causey says 70 Charlotte-area taxi and limousine drivers falsely listed the same address in suburban Union …
Kentucky lawmakers passed legislation aimed at reducing the beleaguered coal industry’s costs to cover claims by workers suffering from black lung disease. The plan, presented by Republican Senate President Robert Stivers, was in the works for weeks but surfaced on …
The number of reported overdose deaths that occurred last year in West Virginia has continued to rise. Citing data released March 22, the Charleston Gazette-Mail reports that at least 844 people died in the state of drug overdoses in 2016. …
Decatur, Ill.-based company King-Lar will pay $325,000 to settle a federal discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). In its lawsuit, the EEOC alleged that King-Lar, which provides custom sheet metal and HVAC work, allowed its …
