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South Dakota Fines Nebraska-Based Insurance Company

South Dakota’s Division of Insurance has levied a $325,000 fine against a Nebraska-based insurer for violating South Dakota laws and regulations. It is the largest such fine in South Dakota history, Insurance Division officials said. It comes after a three-year …

Texas Mutual, VFIS of Texas Fund Safety Training for Rural Fire Departments

Workers’ compensation insurer, Texas Mutual Insurance Co., has partnered with VFIS of Texas, a provider of specialized insurance solutions for the emergency service industry, to create a grant program for rural fire departments. The program will fund safety training and …

Rhode Island Approves 7.4% Workers’ Comp Loss Cost Increase

The Rhode Island Department of Business Regulation approved this month a 7.4 percent overall voluntary loss cost increase for new and renewal workers’ compensation policies. The change will take effect in August. The National Council on Compensation Insurance (NCCI) had …

Pennsylvania Law Banning Gay Marriage Faces Court Challenge

The American Civil Liberties Union said it filed the first known legal challenge Tuesday seeking to overturn a state law effectively banning same-sex marriage in Pennsylvania, the only northeastern state that doesn’t allow it or civil unions. The lawsuit, filed …

Wildfire Nears Las Vegas Area

Fire crews burned forest undergrowth near homes in the mountains northwest of Las Vegas to protect them from one of two large Nevada wildfires while local casino owners offered rooms to evacuees. The wildfire burning northwest of Las Vegas was …

California Officials Probe Another Farmworker Death

California workplace safety officials are investigating the death of a second farmworker as possibly heat-related. The state’s Division of Occupational Safety and Health said on Monday that a 37-year-old farmworker was checking irrigation equipment in a lemon orchard near the …

California Fraud Fugitive Caught After Taunting Tweet

“Catch me if you can.” San Diego County District Attorney Bonnie Dumanis said Wanda Podgurski sent that taunting tweet after skipping trial in January while facing charges of insurance fraud. But then authorities did catch her. Podgurski, 60, was captured …

New Jersey Residents to Hear Soon About Sandy Grant Awards

New Jersey residents will begin hearing this week whether they’re getting money to rebuild badly damaged homes or stay in their communities after Superstorm Sandy. State Community Affairs Commissioner Richard Constable tells The Associated Press that 3,500 households will be …

AIG, GE Capital Accept Systemically Important Designations

American International Group Inc. and General Electric Co.’s finance unit were designated systemically important by U.S. regulators, a ruling the companies had already agreed to accept. The vote by the Financial Stability Oversight Council subjects AIG and GE Capital to …

Chubb Estimates Q2 Catastrophe Losses at $240M

The Chubb Corp. estimates that catastrophe losses in the second quarter will be approximately $240 million before tax, or $156 million after tax ($0.60 per share after tax). The company said that about $175 million of the losses before tax …

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