Responding to the recent filing of House Bill 2662 and Senate Bill 2232 in Oklahoma, CompSource Oklahoma, the state’s workers’ compensation fund, opposes both bills, which call for the sale of CompSource to the highest bidder. CompSource Oklahoma outlined the …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Caribbean Institute of Meteorology and Hydrology (CIMH) are launching their Regional Rainfall Model today, February 25, at CIMH headquarters in Husbands, Barbados. The bulletin explained that this “synthetic rainfall generation model …
Texas in 2009 experienced weather catastrophes amounting to more insured losses than any other state. Last year, Texas experienced 10 weather catastrophes that caused nearly $2.5 billion in losses. The next nearest state in insured losses was Colorado with $1.3 …
A Milan court convicted three Google Inc executives on Wednesday for violating the privacy of an Italian boy with autism by letting a video of him being bullied be posted on the site in 2006. Google will appeal the six-month …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Generali Vie and Generali IARD. Best also affirmed the ICR of “a-” of the non-operating parent, Generali France S.A. The …
Insurance brokerage Beecher Carlson will refund over $90,000 to several Massachusetts clients who were not told the firm was receiving commissions from insurers in addition to client-paid fees, as part of a settlement with the Massachusetts attorney general’s office. Seven …
Florida insurance officials have reached an agreement with the first foreign reinsurer to operate under collateral requirements that were reduced in 2008 in an attempt to attract new reinsurers to the state. The Florida Office of Insurance Regulation said it …
An Ohio man is charged with setting fire to a western Pennsylvania mobile home he used to rent after police say heavy snows kept him from driving away. Thirty-three-year-old Robert Lee Armstrong, of Warren, Ohio, is charged with arson, burglary …
A property owner cannot sue an architectural firm for economic losses because of negligent design in a construction defect case, the Arizona Supreme Court has ruled. Issuing its decision in Flagstaff Affordable Housing Limited Partnership v. Design Alliance Inc., the …
Two workers injured in a power plant explosion filed a lawsuit Monday alleging that proper safety procedures were not followed, and an attorney said that included live electricity running through the site, workers welding and a gas-fueled torch heater running …
