A Georgia association of builders and the insurer that has offered workers’ compensation and general liability insurance exclusively to its members are at odds over the insurer’s attempt to end its exclusive arrangement and affiliate with another association. That move …
Travelers, Nationwide Mutual and two leading national insurance producer organizations are supporting a plan they say will make private windstorm insurance more affordable and available in coastal areas. Federal legislation would be required to enact the outlined concept, which includes …
An El Paso, Texas, woman faces up to 20 years in prison and repaying $940,000 to an insurance company where she worked. United States Attorney Johnny Sutton said 42 year-old Olivia Enriquez pleaded guilty on July 23 to one count …
Total of 16 Cats Generate More Than 1.2 Million Claims; Average Claim Nearly $5,000 U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes …
The Delaware Superior Court has ruled that a directors and officers insurance company must pay defense costs on behalf of its policyholder to the full policy limits against a criminal indictment alleging many wrongful acts over an extended period involving …
The Zurich Financial Services Group announced that its subsidiary, Zürich Beteiligungs-AG (Deutschland), has agreed to acquire 100 percent of the private accident insurer Baden-Badener Versicherung AG. Zurich said the purchase of the privately owned Company would be retroactive as of …
The largest health insurer in Georgia has sent letters containing personal information to the wrong addresses, exposing more than 200,000 Georgians to possible identity theft. The Atlanta Journal-Constitution is reporting that the letters were sent last week by Blue Cross …
The New York Civil Liberties Union says a lesbian couple who married in Canada have won their fight against a western New York insurance company over spousal health care benefits. The NYCLU sued Blue Cross & Blue Shield of Western …
Merrill Lynch has agreed to help bail out bond insurer Security Capital Assurance Ltd. by canceling $3.5 billion in credit default swaps and ending litigation. Under the pact, Security Capital will be released from the derivatives guarantees it sold to …
Last week’s severe tornadoes and thunderstorms in New Hampshire have prompted the state’s insurance chief to allow temporary emergency licensing of property/casualty claims adjusters to speed up recovery. Insurance Commissioner Roger Sevigny has also written to insurance companies urging them …
