West Virginia News

Business Moves

W.R. Berkley, American Mining Insurer Connecticut-based W.R. Berkley Corp. has closed on the acquisition of CGH Insurance Group, the owner of American Mining Insurance Co. Terms of the transaction were not disclosed. American Mining, based in Birmingham, Ala., has specialized …

Luxury doesn’t always buy safety

Owning a BMW, Mercedes, Lexus or Volvo may mean a driver will ride in style, but when it comes to safety, such luxury vehicles don’t necessarily have the same cachet. According to the Insurance Institute for Highway Safety, paying more …

Figures

$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 …

8 S.C. chief urges pre-set

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 …

W. Va. lawmakers may reassert workers’ comp oversight

West Virginia legislators learned recently that they have no one to blame but themselves for the loss of power over the rules that govern workers’ compensation claims and benefits. Lawmakers first ceded the rule-making powers in 1993, during one of …

Luxury doesn’t always buy safety

Owning a BMW, Mercedes, Lexus or Volvo may mean a driver will ride in style, but when it comes to safety, such luxury vehicles don’t necessarily have the same cachet. According to recent studies by the Insurance Institute for Highway …

Luxury doesn’t always buy safety

Owning a BMW, Mercedes, Lexus or Volvo may mean a driver will ride in style, but when it comes to safety, such luxury vehicles don’t necessarily have the same cachet. According to recent studies by the Insurance Institute for Highway …

State Farm Study Shows 6 Midwestern States in Top Ten for Deer Crashes

A study by an Bloomington, Ill.-based State Farm Insurance says Iowa is fifth in the nation when it comes to the likelihood of a motor vehicle hitting a deer. State Farm Insurance based its rankings on claims data from the …

ACE Insurance Pays $4.5 Million to Settle Multi-state Bid-rigging Claims

ACE Group Holdings has agreed to pay $4.5 million to end a bid-rigging and price-fixing case, according to state officials. The monies will be divided among eight states and the District of Columbia. Florida’s Chief Financial Officer Alex Sink said …

Miner Killed in West Virginia Mine Accident

A West Virginia coal miner was killed after being caught in a conveyor belt in an underground Randolph County mine, officials said Monday. Howard T. Harris, a 54-year-old electrician, died Saturday night after getting pinned between the conveyor belt and …