Currents

Former Ark. agent gets jail time for second fraud conviction

Former Arkansas insurance agent Beverly Gowan was sentenced in White County Circuit Court to 18 months detention with the Department of Community Correction for two counts of insurance fraud and one count of Theft of Property which is a class …

Lawsuit claims insurer denied firefighter’s benefits, caused death

The family of a Puyallup, Wash., firefighter has filed a lawsuit claiming the city of Puyallup and its insurer illegally denied health benefits after the worker contracted a disease on the job that eventually led to his death. David Potter, …

Judge sides with Okla. AG on challenges to suit

A federal judge in mid-June sided with the state of Okla-homa on several legal challenges brought by the poultry industry in an attempt to dismiss a lawsuit filed by Oklahoma Attorney General Drew Edmondson. After two days of hearings in …

Ariz. high court to review product liability case

The Arizona Supreme Court announced it will be reviewing a product liability case in which a lower court decided that all parties in a distribution chain could not be sued equally. At issue in State Farm Insurance v. Premier Manufactured …

Allstate awards cities free gas for safe driving records

For the second straight year, an insurance study has found that Sioux Falls, S.D. has the safest drivers in the nation. Researchers with Allstate Insurance Co. analyzed two years of internal crash data to calculate the chance that drivers in …

Lake Tahoe fire estimated to incur more than $25 million in losses

A wildfire in Lake Tahoe, Calif., that has destroyed at least 220 homes and forced about 1,000 people to flee their neighborhoods is anticipated to incur more than $25 million in insured losses, according to estimates by risk modeling company …

Ohio Gov. changes security procedure after workers’ data stolen

A 22-year-old intern was given the responsibility of safeguarding the personal information of thousands of state employees in Ohio, a security procedure that ended up backfiring. The names and Social Security numbers of all 64,000 Ohio state employees were stolen …

State Farm to cut Colo. auto rates 7.2%

State Farm Mutual Automobile Insurance Co. announced it is lowering its overall automobile insurance rate level in Colorado an average of 7.2 percent beginning July 16. The rate reduction represents an annual savings of $38.8 million to the company’s Colorado …

After fast start with workers’ comp, Albany sputters

Key legislation stalls as newcomer Gov. Spitzer, veteran Senate Leader Bruno clash Despite the state having a new governor, The New York Legislature continues with its old ways favoring political paralysis over action. The Assembly, which is controlled by Democrats …

Property market in cat-prone areas not soft — yet

Global broker Willis, in its latest “Property Alert,” indicated that the “the global capacity, pricing regimens, terms and conditions for both cat risks and non-cat risks in the global property insurance market are changing more rapidly than many would have …

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