West Virginia Attorney General Patrick Morrisey has reached a $5.75 million settlement with Nationwide Insurance regarding a discount on certain insurance products for the state’s Farm Bureau members. Former Attorney General Darrell McGraw filed the lawsuit in McDowell County in …
The popular ridesharing service Uber has announced it is leaving Broward County, Florida. The company said July 6 that it will withdraw completely from the county on July 31. Uber had previously agreed to withdraw from the airport and port …
Commercial P/C prices still dropping, risk manager survey finds Commercial insurance premiums continued to decline during the second quarter of 2007, according to the RIMS Benchmark Survey, a survey of current policy renewal prices as reported by corporate risk managers. …
Pa. bad faith claim costs $20 million An insurer has agreed to pay $20 million in what is believed to be the state’s richest settlement of a bad faith claim. According to the plaintiff’s attorney, Robert Mongeluzzi of Saltz Mongeluzzi …
Insurer United P&C ordered to refund Florida homeowners Florida Insurance Commissioner Kevin McCarty is requiring United Property & Casualty Insurance Co. to refund millions of dollars in unapproved homeowners’ insurance rate increases. Last October, United began charging higher insurance rates …
Risk management a higher priority for government entities Fairfax, Va.-based Public Entity Risk Institute (PERI), a nonprofit risk management training and educational organization, says that risk management operations within government entities have gained a heightened importance according to its survey …
Maine court allows suit over employee’s fatal crash Maine’s highest court reinstated a lawsuit targeting VIP Inc. over a fatal collision caused by one of its employees. In the 3-2 ruling, the Maine Supreme Judicial Court overturned a judge’s conclusion …
Crime down in N.Y. Overall crime rates continued to decline in New York during 2005 as vehicle thefts dropped almost 13 percent and robberies edged up from 2004, according to a Federal Bureau of Investigation report. The rate of violent …
States try to strengthen flood insurance training for agents The National Association of Insurance Commissioners has adopted a model bulletin regarding training requirements for insurance producers who offer policies through the National Flood Insurance Program. This effort relates to Section …
Insurer St. Paul Traveler’s Companies Inc. said its profit fell 9 percent in the second quarter, but still beat analysts’ expectations. The company also disclosed a $42 million charge “for an additional legal provision related to investigations of various business …
