The Louisiana Supreme Court on May 21 upheld a previous appeals court’s decision upholding the state’s “valued policy law” (VPL). The plaintiffs in Mark Landry and Barbara Landry V. Louisiana Citizens Property Insurance Company lost their Vermilion Parish home during …
A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund — a nonprofit state agency that is the state’s largest workers’ compensation insurer — to put it on a level …
The Alabama Legislature has passed a bill that will allow captive insurance companies to sell residential insurance along the Alabama coast. The House and Senate voted without dissent to give final approval to changes in the bill sponsored by Republican …
The Defense Base Act sets forth the benefits due private sector employees injured while working overseas As the need for U.S. government foreign-based support personnel increases, so does the need for workers’ compensation coverage for contractors involved in U.S. funded …
Dozens of minor earthquakes shook Reno, Nev., on April 27 as a sequence of temblors entered its third month and prompted some frazzled residents to leave their homes. Officials recorded more than 150 aftershocks on the western edge of the …
The Supreme Court struggled in late April with how much weight to give an insurance company’s potential conflict of interest when it denies an employee’s health or disability benefits claim. The lawyer representing the Ohio woman who sued MetLife Inc. …
Encompass, The Hartford execs note that agents stand on solid ground in their role as trusted advisors Young agents today face a number of challenges, including the soft market, a downturn in the economy, and learning the skills to become …
Michigan’s Office of Financial and Insurance Regulation (OFIR) Commissioner Ken Ross recently issued an order disapproving a rate filing for Michigan Basic Property and Insurance Association (Michigan Basic), the insurer of last resort for homeowners’ insurance in Michigan. If approved, …
Fitch Ratings has issued a bulletin from its Hong Kong/Singapore offices indicating that “based on preliminary estimates, the earthquake in China is not expected to have a material impact on the balance sheets of the Hong Kong-listed Chinese insurance companies.” …
Casino owner Pinnacle Entertainment Inc. settled a lawsuit with two insurance companies over Hurricane Katrina damage to the company’s property in Mississippi. Allianz Global Risks U.S. Insurance Co. agreed to pay $48 million on top of $5 million it already …
