$1.4 billion The amount sought in a suit accusing Allstate Insurance Co. of using delay tactics and schemes to prod soft-tissue injury victims into accepting lower offers for pain and suffering. A jury in Lexington, Ky., rejected the claim of …
Alabama legislators unveiled a law designed to help the Gulf Coast real estate industry and coastal homeowners hit by high insurance rates but Gov. Bob Riley said there is no current consensus to address it in a special session. The …
While Congress continues to debate whether to launch any sort of national disaster backup plan or add wind coverage to the federal flood program, states are coming up with some of their own ideas — big and small — to …
hurricane damage formula Looking to minimize claims litigation 8 West Virginia lawmakers may reassert workers’ comp oversight But will they scare insurers from the state? 9 Florida brings back no-fault Lawmakers add anti-fraud provisions 9 It’s wait ’til next year …
Fulwider was inaugurated as the new chair of the Independent Insurance Agents & Brokers of America (the Big “I”), with C. Brett Nilsson, and J. David Daniel assuming the offices of chair-elect and vice chair, respectively. Fulwider is principal and …
News Currents South Carolina Insurance Director Scott Richardson is proposing a loss-allocation method that he hopes will alleviate any confusion between water damage and wind damage the next time a hurricane reduces buildings to concrete slabs. Concern about ongoing Katrina …
South Carolina regional brokerage and consulting firm, Upstate-based Rosenfeld Einstein, added Jay Terry as Commercial Account Executive. Terry joins Rosenfeld Einstein after running his own insurance firm in Charleston, S.C., where he previously worked with Palmer & Cay Insurance. Source: …
More than a dozen South Carolina clam farmers who claimed most of their crop was spoiled by an oil spill five years ago have settled a lawsuit with a shipping line and a dredging firm for nearly $1.8 million. Under …
Standard & Poor’s Ratings Services has placed its ‘BBB’ counterparty credit and financial strength ratings on Northbridge Financial Corp.’s operating companies–Commonwealth Insurance Co., Federated Insurance Co. of Canada, Lombard General Insurance Co. of Canada, and Markel Insurance Co. of Canada …
A meat company in Forest Park, Ga., is recalling 1,900 pounds of ground beef sent to restaurants in Georgia, North Carolina, and two other states, saying it may be contaminated with E. coli. Arko Veal Company officials say the company …
