Maryland News

U.S. Warned to Prepare Now for Disasters Caused by Global Warming

As Congress considers curbs on carbon dioxide pollution, a U.S. report has urged the White House to prepare now for flooding and other natural disasters brought by global warming. Federal agencies, working with Congress, state and local governments, should “develop …

Study: Workers’ Compensation Public Options Outperform Private Industry

An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of performance categories and at least as well when it comes to the bottom …

Florida’s Homeowners Choice Makes Bid for 21st Century Holding

Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …

Do Cell Phone Bans Change Driver Behavior?

Phoning while driving and texting behind the wheel are in the news. This is the highway safety issue of the moment, the subject of cartoons and, on a more serious side, the focus of legislation. A key question is whether …

Southern California Broker Sentenced for Stealing

Former insurance agent and San Diego County resident Lynn Flanagan, 60, was sentenced to serve 180 days in jail and pay more than $100,000 in restitution for stealing from clients, the California Department of Insurance said yesterday. “It never pays …

Gallagher’s London Office Hires New Trade Credit Team

Arthur J. Gallagher’s London office has announced the hiring of a new Trade Credit team, joining the established Political, Project and Credit Risks business unit, reporting to MD Kit Brownlees. Rupert Murray, Steve Taylor, Barrie Watson and Genevieve Ahinful join …

U.S. Supreme Court Justices Face High-Profile Cases As New Term Opens

Questions about securities fraud, Sarbanes-Oxley, financial executives’ compensation and football merchandise are among the high-profile cases that the Supreme Court will take up in its term that began this week: Vioxx suits: Merck & Co. shareholders sued the drugmaker for …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

West Virginia Accustomed to Being Leader in Deer Collisions

In West Virginia, where there’s roughly one deer for every two people and the largest city boasts an annual deer hunt within its boundaries, it’s no surprise the animals pose a common hazard for motorists. This week, insurance giant State …