A San Francisco Superior Court judge has ordered that California’s State Compensation Insurance Fund pay approximately 500 employees back-pay for previously instated furloughs of union workers. The state implemented the furloughs in February 2009. “The court finds plaintiffs have made …
A Gulf Shores insurance agency must pay a $36,000 fine and adopt multiple accounting controls within 18 months after selling bogus homeowners policies to at least 118 customers. A government hearing officer ruled that if Pamela Wynona Schoen of the …
One of the nation’s largest insurers has unveiled a plan to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission. Mississippi Gov. Haley Barbour and four state insurance commissioners heard Travelers …
Newly signed legislation in Tennessee will provide venture money for new companies with high growth potential, such as those involved in biotechnology and other innovations. The money will come from insurance companies that invest in the fund and then receive …
This month marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 billion in damage in 2005 in what was …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …
An Alabama bankruptcy judge has ordered a Lillian man to sell assets to repay debts to nearly 100 creditors across the country. Morris C. Sears, 63, had run ABBA Bonding from his home since 2001 despite being told twice by …
Today marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 billion in damage in 2005 and was the first …
Georgia Insurance Commissioner John Oxendine has returned $120,000 that was funneled into his gubernatorial campaign by two insurance firms. The Republican detailed the returns in a campaign filing submitted this week. The move comes after The Atlanta Journal-Constitution found that …
The Wisconsin Office of the Commissioner of Insurance has published a list of administrative actions for June 2009. The regulators noted that in many of these cases the respondent denied the allegations but consented to the action taken. Any fines …
