August 1, 2008
The Wisconsin paper mill where an explosion killed three workers earlier this week received three citations for safety violations in the past 10 years, including one that was serious, according to a federal Web site. The violations at the Packaging …
August 1, 2008
An insurance company’s attorney suggested during a sworn deposition that former Mississippi U.S. Sen. Trent Lott urged witnesses to give false information in a Hurricane Katrina lawsuit, according to court records. The implication was made last week during a deposition …
July 31, 2008
Flood insurance policyholders rebuilding in the wake of the June severe storms and flooding in he Midwest may be eligible for up to $30,000 to help cover the cost of bringing their property into compliance with local floodplain ordinances. Policies …
July 30, 2008
GNY Insurance Companies has begun writing in the state of Michigan as it continues to expand in the Midwest. GNY is a group comprised of Greater New York Mutual Insurance Co., Insurance Company of Greater New York, Strathmore Insurance, and …
July 30, 2008
Convicted Mississippi attorney Richard “Dickie” Scruggs and his son want to prevent their sworn testimony in a Hurricane Katrina lawsuit from becoming public and “undermining the presumption of innocence” if they face criminal charges in the future. Scruggs and his …
July 30, 2008
The Connecticut Insurance Department has fined subsidiaries of CNA Insurance Group a total of $96,000 for violations of state law. The fines were assessed to CNA’s subsidiaries for alleged violations of laws regarding licensing and appointments of agents, loss of …
July 24, 2008
Insurance company Amerigroup Corp. said on Jul 22 that it has agreed in principle to settle for $234 million a lawsuit accusing it of discriminating against pregnant women and other high-risk patients. The settlement includes $225 million to be paid …
July 24, 2008
Allstate Corp, the largest publicly traded U.S. home insurer, said on Wednesday net income plunged in the second quarter, hit by the highest level of second-quarter catastrophe losses in its 77-year history. Catastrophe losses for the quarter rose more than …
July 24, 2008
Itasca, Ill.-based Arthur J. Gallagher & Co. acquired Gale Smith & Company, Inc. of Brentwood, Tennessee. Terms of the transaction were not disclosed. Established in 1868, Gale Smith & Co. is a retail insurance broker offering risk management, commercial property/casualty …
July 24, 2008
Amlin, a leading Lloyd’s insurer, plans to open an office in Chicago. Amlin Illinois Inc, will work within the existing Lloyd’s infrastructure, utilizing the Lloyd’s licence in Illinois to write admitted business which may not otherwise reach the London market. …