California’s State Compensation Insurance Fund is calling for a 9 percent average decrease in collectible premium in its latest filing of workers’ compensation rates for 2007. The new rate will affect new and renewal workers’ comp policies with an effective …
A federal judge has ruled that a Gulf Coast couple can sue their insurance agent for negligence after he allegedly allowed their flood insurance policy to lapse only days before Hurricane Katrina wrecked their home. Michael and Lucille Catchot sued …
Family members of a state trooper who killed himself after the 2002 Norfolk bank slayings face another court battle in their fight for workers’ compensation benefits they say they are owed. Several large insurers and businesses argue benefits shouldn’t be …
Global businesses need integrated insurance solutions to ensure adequate protection A U.S. company has purchased a manufacturing plant in China as part of a global expansion. Now, it needs property insurance for that facility, and it’s the insurance agent’s job …
Colorado has implemented new procedure changes for surplus lines brokers. Beginning Jan. 1, 2007, surplus lines brokers in Colorado will need to report their monthly policy and endorsement transactions directly to the state’s Division of Insurance, rather than report to …
In a decision that could cost insurers billions of dollars more than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans ruled that ambiguities in some homeowners policies leave open the possibility that flooding …
Insurance executives would likely create a replacement incentive should lawmakers in Connecticut ban contingent commissions, as the state regulator has warned could happen. Executives voiced their dismay over possible legislation to ban incentive pay at the recent meeting of the …
California has the most number of people without insurance coverage compared to any other state — and the number of employers offering health insurance plans is declining. According to a recent “Snapshot of California’s Uninsured” by the California HealthCare Foundation, …
In a blow to post-Katrina recovery in New Orleans, St. Paul Travelers on Dec. 1st said it will stop renewing many commercial insurance policies in the area in the next year, according to the Associated Press. The rebuilding of New …
Massachusetts Attorney General Thomas F. Reilly has filed a civil lawsuit against 15 companies including three insurers that provided surety bonds for the general contractor of the Big Dig Interstate 90 connector tunnel that collapsed on July 10, killing Milena …
