News

Councilor Proposes Ban on Texting While Driving in Boston

A Boston city councilor is hoping his proposal to ban drivers from sending text messages will spur a statewide ban on a practice most consider dangerous. John Tobin says he expects his fellow councilors to sign off on the proposal …

Arizona Announces Hot Dog Slip-and-Fall Arrest

The Arizona Department of Insurance Fraud Unit and the Mesa Police say they arrested two suspects this week accused of staging a slip-and-fall accident for insurance money, using the unlikely prop of a hot dog. Authorities charged the suspects, identified …

March Trial Set for Lawsuit Over Mississippi Dam Break

A civil lawsuit filed over the damage caused by the 2004 collapse of the Big Bay Lake dam in Lamar County has been moved to Harrison County and set for a March 22 trial. Circuit Court Judge Michael Eubanks granted …

Virginia Tech Faces $43 Million Lawsuit By Family Over Student’s Suicide

The family of a Virginia Tech student has filed a $43 million lawsuit, accusing the university of negligence in its response to a warning that their son was suicidal. Daniel Kim committed suicide on Dec. 9, 2007, about a month …

Ironshore Names Mammolite New York Region Executive

Commercial property insurer Ironshore Inc. announced that Anthony Mammolite, currently executive vice president of its U.S. Property unit, has been named to the additional post of regional executive for the entire New York region. In this expanded role, Mammolite will …

Lexington Launches New Claims-Made Casualty Coverage

Lexington Insurance Co., a Chartis company, has introduced LexTransForm, a claims-made casualty policy with an optional extended reporting period (ERP) that an insured may purchase for a pre-set sliding scale rate. This new coverage enables occurrence form policyholders to pay …

Florida Fines People’s Trust Agency for Unlicensed Sales; Orders Rewrites

A Florida online insurance agency found to have sold homeowners policies using unlicensed personnel will pay a $100,000 fine. The agency will also contact every customer affected and offer to rewrite their policies, under terms of a settlement reached with …

Karen Clark Launches New Catastrophe Management Service

Karen Clark & Company, independent experts in catastrophe risk, catastrophe models, and catastrophe risk management, has introduced a new service, Thinking Outside the Black Box Catastrophe Management Operational Review. The Review provides a comprehensive examination of an insurance company’s use …

IMA Hires Sustr as an Employee Benefits Account Executive

Insurance broker IMA Inc. has named Pavlina Sustr an employee benefits account executive specializing in international accounts for IMA of Colorado based in Denver. IMA is part of IMA Financial Group Inc., a financial services company specializing in insurance, asset …

Louisiana Homeowners With Drywall Problems Asked to Report Them

The Louisiana Recovery Authority is urging homeowners who suspect they might have contaminated Chinese drywall in their homes to report the problems to the state. A federal consumer product safety commission is asking each state to recount the incidents of …

News Archives by Month