A recent jury decision should put up red flags for insurers: Take care of toxic mold claims adequately and promptly, or risk being assessed millions of dollars. That warning came in the form of a $32-million award to a Dripping …
Getting your message out via the Internet can make or break a business in today’s economy. One way Insurance Journal has gone about providing up-to-date news for industry professionals is through its e-newsletter. • What is the marketplace for this …
Georgia Insurance Commissioner John Oxendine has taken issue with the St. Paul Companies over their intentions to non-renew some of the medical malpractice policies in the state. Oxendine slapped the Minnesota-based company with a three-year suspension of its insurance license, …
On June 12, Reliance Group Holdings (RGH), the parent company of Reliance Insurance Company (RIC), one of America’s oldest insurers, which traces its roots back to 1817, filed for bankruptcy protection in the Southern District of New York. The petition …
The National Association of Independent Insurers (NAII) noted that as the 2001 Oregon legislative session rapidly approaches its conclusion, workers’ compensation issues continue to dominate the discussions. SB 485, a workers’ comp reform bill, was amended by the House Rules …
A former Stockton, Calif. agent pleaded no-contest in San Joaquin Superior Court, and was sentenced to three years probation. Roger Allen Collins was charged with one count of theft of fiduciary funds along with one count of forgery. Investigators charged …
Simi Valley, Calif.-based WNC Insurance Services Inc., a managing general agency, surplus lines broker and Lloyd’s correspondent, announced the recent acquisition of First Line Insurance Services Inc., headquartered in Denver, Colo., and First Guaranty Companies, headquartered in Dallas, Texas. WNC …
Former Democratic Assemblyman and Federal Prosecutor Tom Umberg announced the formation of a campaign committee for California State Insurance Commissioner. Umberg represented Orange County in the Assembly from 1990 to 1994; was the Democratic nominee for Attorney General in 1994; …
According to the National Association of Independent Insurers (NAII), a bill advanced by California legislators on June 20 would expand uninsured motorist insurance coverage to include willful criminal acts — violating the fundamental nature of this policy coverage. SB 81, …
