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Maryland Court: Premium Financing Firms Overcharged Auto Policyholders

A Maryland court ruled last week that the state’s largest premium financing companies were engaged in illegal financing practices against auto insurance policyholders. In Maryland, most auto insurance policyholders can set up interest-free installment payment plans for their premiums through …

Jay-Z Sued by Workers Compensation Board of New York

Workers Compensation Board of New York filed a lawsuit against rapper Jay-Z for allegedly failing to make workers’ comp payments worth $18,000 for his domestic employees, according to a report. Entertainment news site TMZ.com reported yesterday that the Board filed …

Alaskan Volcano Put on Alert

An explosion at a volcano in Alaska caused the U.S. Geological Survey to put out an alert. USGS detected a drifting ash cloud at the Cleveland Volcano, which is on an uninhabited island in the east central Aleutian Islands, in …

Commuter Train Kills Pedestrian On Tracks

A Metrolink commuter train has struck and killed a pedestrian in Southern California. Orange police Lt. Dave Hill told the Orange County Register that the person was struck at about 6:30 a.m. Thursday at Meats Avenue and Orange Olive Road. …

E&O Insights: Enhance Your Errors & Omissions Culture in 2012

As the end of 2011 approaches, this is a good time to reflect upon what went well and what didn’t during the year — as well as what changes you should make in 2012. Here are a few errors and …

Ratings Roundup: Gramercy, Southern Trust

A.M. Best Co. has downgraded the financial strength rating to ‘B’ (Fair) from ‘B+’ (Good) and issuer credit rating to “bb” from “bbb-” of Dallas-based Gramercy Insurance Company (GIC), and has revised its outlook on both ratings to negative from …

Texas-Based Barhorst Insurance Group Rebrands as Iscential

Houston-based insurance agency, Barhorst Insurance Group (BIG), announced it is beginning the new year with a new name: Iscential. The rebranding initiative includes a new name, logo and tagline that represent the company’s ongoing commitment to customer service. The tagline, …

State Auto Financial: Changes to Pooling Agreement Approved

State Auto Financial Corp. has received regulatory approval for proposed changes to the intercompany reinsurance pooling agreement for the State Auto Group, the company reports. With all necessary regulatory approvals from various departments of insurance having been secured, the pooling …

Indiana: 2% Fail Job Training Drug Tests

Indiana officials say a drug testing program that started in July for people seeking job training has led to about 2 percent of applicants failing. The state Department of Workforce Development says 13 people, or 1 percent, of the 1,240 …

Settlement Reached in Elly Mae Clampett Barbie Doll Suit

The actress who played Elly May Clampett on the “The Beverly Hillbillies,” toymaker Mattel Inc. and CBS Consumer Products Inc. have settled a lawsuit in which Donna Douglas claimed the companies didn’t get her approval to use her name and …

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