6.6 Magnitude of earthquake that struck the island of Hawaii, Hawaii on Oct. 15. Although there were no major fatalities, insured loss due to the damage caused by the temblors, rain and landslides are estimated to be widespread, according to …
Washington Insurance Commissioner Mike Kreidler has sold Washington Casualty Co. of Issaquah, Wash., what he called a financially troubled liability insurer of rural hospitals and medical centers and that he has operated in receivership for more than three years. Thurston …
The Society of Chartered Property Casualty Underwriters elected new officers and governors. They are: President Betsey L. Brewer, senior vice president of The Rule Co. in Pasadena, Calif. President-Elect James L. Britt, managing director of Marsh USA Inc. in Charlotte, …
The Consumer Sentinel database, maintained by the Federal Trade Commission contains more than 1 million consumer fraud and identity theft complaints that have been filed with federal, state and local law enforcement agencies and private organizations. In 2005, the most …
Mercury General Corp. reported that on Monday, Nov. 6, 2006, the company will release results for its third quarter ended Sept.30, 2006. CEO George Joseph and President Gabriel Tirador,will host an investor conference call and webcast that same day at …
Lansing, Mich.-based FinCor Holdings, Inc., an integrated risk management corporation serving health care providers and facilities, today announced its acquisition of Issaquah, Wash.-based medical malpractice insurer, Washington Casualty Company (WCC). FinCor paid $9.8 million in cash for WCC, Washington’s fourth-largest …
Flood policy purchases rising nationwide and in Eastern states The purchase of flood insurance in New Hampshire has risen by 26.2 percent since May of last year – a jump attributed to last October’s flooding and some updated maps that …
$5.3 million The amount in refunds that the Florida Office of Insurance Regulation has ordered Universal Underwriters Insurance Co. to return to 526 commercial policyholders. According to Florida Insurance Commissioner Kevin McCarty, the premiums charged on hundreds of commercial policies …
Flood policy purchases rising nationwide; big gains in Miss., S.C. and other East Coast states There is a national trend of increased sales of flood insurance, with three times as many policies written since last May compared with sales for …
$11 billion question “There’s no question that state legislators believe drivers’ licenses should be as secure as is possible. The $11 billion question is, ‘Who’s going to pay for it?’” National Conference of State Legislatures Executive Director William T. Pound …
