In a year where coastal states endured no major tropical storms, Indiana saw more property damage due to large weather events than any other state (in 2006), according to statistical firm the Insurance Services Office (ISO). Indiana residents filed nearly …
A judge has ordered the Roman Catholic Diocese of Springfield, Mass. to release thousands of pages of documents in a dispute between the church and seven of its insurance carriers over settlements with clergy sex abuse victims. The diocese sued …
A Christians-only health plan that serves nearly 20,000 churchgoers nationwide can continue operating in Kentucky, a judge ruled recenntly. Franklin County Circuit Judge Thomas D. Wingate said the Medi-Share program isn’t insurance and therefore doesn’t violate the state’s insurance laws. …
The largest medical malpractice insurer in Illinois plans to lift a four-year-old moratorium on new business, citing an improved economic and legal climate. ISMIE Mutual Insurance Co., which provides malpractice coverage for 13,000 doctors, announced that it plans to add …
New York officials announced that the Interboro Mutual Indemnity Insurance Co. is on track to emerge in early 2007 from three years of insolvency and subsequent rehabilitation and return to the marketplace as a private sector company. Interboro was placed …
Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and cajoling, they came to bipartisan agreement …
A developer’s preliminary plans for jailed insurance executive Michael Segal’s estate include building 11 new residences and turning the coach house into two homes. Lincolnshire, Ill.-based Orren Pickell Designers & Builders closed on the $17.6 million suburban estate last month. …
Stock Prices: Commercial insurers breathed a sigh of relief in the fourth quarter as the 2006 hurricane season officially ended with only minor losses, a dramatic contrast from a year ago. Insurers’ stock prices reflected the calm hurricane season, benefiting …
Tennessee Governor Phil Bredesen has named a Nashville attorney, Leslie Shechter Newman, as commissioner of the Department of Commerce and Insurance. She succeeds Paula Flowers, who recently resigned. Newman is a partner with Nashville’s Farmer & Luna law firm. She …
Amy and Ted Harrison Sr. are being sued over a car crash that left their son permanently disabled, and they hope they lose the case now before the Minnesota Supreme Court. The plaintiff is their son, Teddy Harrison, who was …
