A signed legal settlement with American International Group will net the State of Kansas general fund $500,000, according to Sandy Praeger, Commissioner of Insurance. “The AIG settlement for Kansas was part of a nationwide $146 million agreement over alleged misreporting …
Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not appear to be a major concern in the aggregate, although …
A new state law protecting health care professionals who volunteer at school sporting events from being sued has gone into effect in Oklahoma and its author wants schools to take advantage of it. State Rep. Joe Dorman says House Bill …
When it comes to the legal profession, there are two known facts: claims against lawyers tend to increase in an economic downturn; and small firms (with fewer than five attorneys) are extremely vulnerable to legal malpractice and damaging lawsuits. To …
Wisconsin Gov. Scott Walker has appointed Ted Nickel, an insurance company veteran, as commissioner of insurance and Dan Schwartzer, an association executive, as deputy commissioner. Nickel replaces Sean Dilweg. Nickel has spent nearly his entire career in the insurance industry …
U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates. That could add …
Texas Insurance Commissioner Mike Geeslin has announced that he will not seek another term as head of the Texas Department of Insurance. His term ends Feb. 1, 2011. Geeslin has been with TDI for eight years, and has served as …
BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said Wednesday. In its final report on …
Defense lawyers for former Kentucky lawmaker Steve Nunn may argue that he had a mental or emotional defect when his former fiancee was shot to death. The Lexington Herald-Leader reported that Nunn attorneys have filed documents showing they intend to …
North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect about 570,000 policyholders, with …
