Southeast News

Florida’s Citizens No Longer ‘Out of Control,’ Says Exec Defending Rate Cut

Its successes in reducing its insured population and securing low cost catastrophic coverage are driving the request by Florida’s state-backed property insurer for a statewide average 2.9 percent decrease on residential policies. Citizens Property Insurance Corp. officials in a public …

Wallace Jumps from Willis to Marsh in Atlanta

Insurance broker and risk consultant Marsh reported that Thadd Wallace has joined the firm as a managing director in the Global Risk Management Practice in Atlanta. In this role, Wallace will work with Don Bailey, head of industry and sales …

South Carolina Ex-Lawmaker Viers Pleads Not Guilty in Contractor Insurance Case

A lawyer for a former South Carolina House member said he may not have realized what he was doing was wrong when he moved around the assets of a businessman who an insurance company was pursuing after he defaulted on …

Florida Judge Sentences Mastermind of $800M Fraud Scheme to 20 Years

The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida’s all-time largest fraud schemes was sentenced Friday to 20 years in prison. U.S. District Judge Robert Scola gave Joel Steinger, …

South Carolina Employee Scores Workers’ Compensation Win for Kickball Injury

The South Carolina Supreme Court ruled this week that an employee injured during a company kickball game is entitled to workers’ compensation benefits. The court found that Stephen Whigham’s kickball injury was covered by workers’ compensation because he was “impliedly …

DuPont Hit with $1.3 Million Penalty for Multiple West Virginia Chemical Leaks

DuPont will pay a fine of $1.275 million to settle a federal complaint over eight chemical releases from a Kanawha County production facility, one of which killed a worker. The Department of Justice and U.S. Environmental Protection Agency said the …

Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC

Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new report estimates that this cost averages approximately $79 in additional …

‘Hot Work’ Near Tank Cited in Report on Mississippi Fish Plant Explosion

A fatal explosion at a fish processing plant on the Mississippi Coast happened when sparks ignited a volatile mixture in a tank, safety officials said this week. U.S. Chemical Safety Board Chairman Rafael Moure-Eraso said in a news release that …

North Carolina Fraternity Hazing Lawsuit Dismissed

A lawsuit stemming from the death of a former High Point University student has been dismissed against all remaining plaintiffs. The High Point Enterprise reported the case was dismissed last week against Michael Qubein, son of school President Nido Qubein. …

N.C. Authorities Announce Arrests for Alleged Insurance Fraud Schemes

North Carolina Insurance Commissioner Wayne Goodwin announced this week charges stemming from two alleged insurance fraud schemes. Authorities said Eric Delano Smith was arrested on Aug. 20 and charged with five counts of insurance fraud, four counts of obtaining property …

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