Britain’s biggest banks will pay as much as £1.3 billion ($2 billion) to compensate customers wrongly sold insurance to cover credit-card and identity theft. A group of 13 banks and credit-card issuers, including Barclays Plc, Lloyds Banking Group Plc, HSBC …
South Carolina’s high court has found that a general contractor cannot sue a subcontractor for faulty workmanship in instances where the subcontractor is in essence doing work on the contractor’s behalf. The South Carolina Supreme Court handed down the ruling …
Advanced Insurance Underwriters, a nationwide provider of commercial insurance, and CODA, the California Operator & Door Association, have collaborated to give contractors access to general liability coverage and workers comp, insuring the protection of their employees and their business. The …
SullivanCurtisMonroe named Dan Fein vice president in its Los Angeles office. Fein comes to from Whorton Insurance Services. Before that he was with Elkins Jones. For the past 10 years, Fein has focused on real estate, manufacturing and hospitality. Privately-held …
Florida’s state-backed property insurer is seeking a statewide average 6.6 percent increase in homeowners’ rates and a 24.8 percent increase in sinkhole rates while citing reduced losses and an improved financial position. Citizens Property Insurance Corp., which insurers 1.2 million …
Nearly 6,900 firearms were reported stolen or lost in Ohio last year, ranking it sixth among states with the most missing guns, federal data shows. The lion’s share of those were listed as stolen; 78 were reported lost, The Dayton …
International Excess Program Managers, based in Cleveland, Ohio, has added George C. Schmid to its executive team. Schmid, an insurance industry veteran, will be taking on the role of vice president of program development. Schmid has more than 30 years …
Two administrative law judges have rejected a consumer challenge to a recent 20-percent rate hike for Texas homeowners covered by State Farm Lloyd’s. The judges decided on Aug. 19 that the premiums for 1.2 million homeowners are not excessive or …
Negotiations between Penn State and young men who claim they were abused by Jerry Sandusky have begun to bear fruit, with lawyers involved saying there will be more announcements of settlements in the coming days. The school’s trustees have set …
The rate used to calculate workers’ compensation insurance premiums has dropped again, a direct result of reforms Gov. Pat Quinn signed into law in 2011, his aides said. The National Council on Compensation Insurance, a rating agency, issued a rate …
