News Currents

News Currents

Pa. judge facing insurance fraud charges won’t run Suspended Pennsylvania Superior Court Judge Michael T. Joyce pleaded not guilty to federal charges of mail fraud and money laundering and withdrew his name from the ballot for re-election. His decision to …

News Currents

Feds release data on drunken driving fatalities Texas led the nation with 1,354 drunken driving fatalities in 2006 and was among the states to record the largest increase in such deaths, federal transportation officials said. The National Highway Traffic Safety …

News Currents

Ohio Casualty officially joins the Liberty Mutual agency family With $7.3 billion in premium, Liberty Mutual Agency Markets becomes the largest regional independent agency force Boston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and …

News Currents

Credit scoring use still an issue for officials, consumer groups But industry groups say the battle has become less ‘onerous’ but it’s not over in some states The recent release in late July of a long-awaited Federal Trade Commission (FTC) …

N.J. hazing case triggers liability concerns for campus safety officials

College administrators across the nation are likely to pay close attention to the indictment of two Rider University officials in a case involving a student who died after drinking during a suspected hazing. The case could trigger changes in how …

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Ohio sues Marsh, AIG, Ace, Chubb, Hartford for anti-trust violations Following a three year long investigation by his office and the Ohio Department of Insurance, Attorney General Marc Dann has filed suit against the world’s largest insurance broker, Marsh & …

News Currents

Ohio Casualty officially joins the Liberty Mutual agency family With $7.3 billion in premium, Liberty Mutual Agency Markets now largest regional independent agency Boston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and casualty insurance …

The sinking subprime market: Creating woes for Countrywide and Balboa?

Many in the financial industry are speculating what could happen to insurance companies as a result of the subprime mortgage mess, but the truth is it may be too soon to tell. One of the hardest-hit lenders, Countrywide Financial Corp. …

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Report: insurers did not shift wind claims A preliminary report from the federal government has found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At …

News Currents

Fla. yanks teachers’ liability plan Florida’s public school teachers are returning to their classrooms this month with one less protection from the state. Since 2001, Florida has provided all public school educators with professional liability insurance. The legislature decided to …

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