Insurance administrator CRM Holdings is being sued for $405 million by New York’s workers compensation board and faces a separate $150 million lawsuit by the state attorney general over its alleged fraud in the management of its workers’ compensation business …
Federal investigators are profiling bank robbers by giving them an online identity. The FBI and the North Carolina Bankers Association unveiled a Web site that includes photographs and information about bank robbers. It’s designed to generate information about the cases, …
Texas Mutual Insurance Company has returned a $90,643 dividend to the Texas Recreation Purchasing Group (TRPG). The group’s first dividend was based largely on its favorable loss ratio. By committing to workplace safety and helping injured workers return to productive …
West Virginia has paid out $17.7 million to resolve more than 5,000 accident claims involving state vehicles during the past five budget years. That’s one finding from an audit delivered to legislators this week. The audit also cites the lack …
Oklahoma will receive almost $40 million to fund environmental cleanup and restoration at contaminated mining sites in the state, Oklahoma Attorney General Drew Edmondson said. Texas will receive about more than $80 million for contaminated sites near El Paso and …
A professor at the University of Illinois at Chicago says it would be feasible for insurance companies to offer divorce insurance. J. Christopher Westland, a professor of information and decision sciences, says he began sketching out the actuarial tables for …
Business Risk Partners (BRP), based in Windsor, Conn., now offers general liability (GL) coverage to technology firms that purchase errors and omissions (E&O) policies. Coverage is underwritten by Lloyds of London. “Today a service firm without GL and E&O coverage …
Just over one-quarter of U.S. adult health care spending was associated with disability in 2006, according to a new study by researchers at RTI International and the U.S. Centers for Disease Control & Prevention. The study, published in the January-February …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb” of German insurer Wuerttembergische und Badische Versicherungs-AG (WUEBA) and assigned an NR-5 (Not Formally Followed) to the FSR and an …
The European Union increased pressure on the International Monetary Fund on Friday to consider a global tax on financial transactions to limit the risk of another economic crisis. In a draft statement expected to be approved on the second day …
