October 19, 2010
Court officials say nearly 300 people continue to drive on Maine roads with suspended licenses after failing to be notified their licenses were suspended. Court officials told the Morning Sentinel that the drivers in question had their licenses suspended when …
October 19, 2010
A federal jury has awarded more than $650,000 to two Ohio tourists who were arrested in New Orleans, La., on public drunkenness charges two days before Hurricane Katrina and jailed for more than a month in the storm’s chaotic aftermath. …
October 19, 2010
Washington Insurance Commissioner Mike Kreidler has ordered Regence BlueShield to stop illegally denying insurance to children. Last week, the company had announced it was going to stop selling insurance to children. “Regence is in clear violation of state law that …
October 19, 2010
Former California State Compensation Insurance Fund Chief Financial Officer, Jay Stewart, has resigned for a CFO position at CAMICO Insurance Co. in Redwood Shores, Calif. State Fund’s board of directors has ratified the engagement of Daniel J. Sevilla as interim …
October 19, 2010
BP Plc told a court it was committed to waiving the legal cap on its liability from the Gulf oil spill, which could have limited the cost to the oil giant to $75 million plus clean-up costs. “BP has chosen …
October 18, 2010
Most Colorado employers will be looking at an average 3.4 percent increase in workers’ compensation insurance loss costs, increasing the overall premiums they pay for workers compensation insurance in 2011, the state Department of Regulatory Agencies Division of Insurance announced. …
October 18, 2010
The good news is that the National Flood Insurance Program (NFIP) has been extended until Sept. 30, 2011. The bad news is that the National Flood Insurance Program (NFIP) has been extended until Sept. 30, 2011. It’s good news because …
October 18, 2010
Little Rock, Ark., developer Aaron Jones, who was convicted of setting fire to his $1.6 million home in an insurance scheme, was taken into custody so he can start serving time pending a prison sentence. Arkansas Business reported that a …
October 18, 2010
Consumers who filed complaints with the Missouri Department of Insurance have received $6.5 million from their insurance companies in 2010. The money was returned as a result of the department’s mediation efforts on behalf of consumers who had filed complaints …
October 18, 2010
Pricing Worries Persist “There are clear concerns surrounding pricing in this soft P/C insurance market. And, there appear to be indications that this market will persist over the nearer-term.” —Scott Marcello, of KPMG, which recently released a survey showing that …