A New York Assembly Committee hearing into insurance brokerage practices, originally scheduled for Dec. 6, has been rescheduled for Friday, Jan 7. The hearing will be held in the auditorium of the U.S. Customs House, 1 Bowling Green, in Manhattan, …
The Texas Workers’ Compensation Commission issued penalties totaling nearly $1.56 million between Sept. 1, 2004 and Nov. 30, 2004 for administrative violations and fraud committed by system participants. A total of 1,108 Notices of Violation (NOVs) were issued during the …
Illinois-based Disaster Kleenup International Inc., a network of quality, independent property damage restoration contractors, announced that it has provided a means for individuals and companies to donate funds to the American Red Cross relief effort in Southeast Asia following the …
The state’s largest provider of hurricane insurance to local homeowners has raised its rate by an average of about 20 percent, the first rate increase in the company’s four years in Hawaii. Zephyr Insurance Co. has about 65,000 policies in …
John F. Schapperle was named president of Honolulu-based Island Insurance Co., the largest locally-owned insurance provider. Schapperle, currently the company’s executive vice president, will succeed Linda Gilchrist who will retire at the end of the year. Gilchrist will continue to …
The cost of doing business in New York State is substantially higher than in most other states because employers here must pay more for employee benefits, workers compoensation, energy, taxes and other costs, according to a new “Just The Facts” …
Sacramento resident Thomas Jordan was sentenced on Dec. 28 to 90 days in jail on a felony workers’ compensation fraud charge. Jordan was employed by K.C. Family Care Inc. of Sacramento. K.C Family Care operates a children’s residential care facility …
The Independent Insurance Agents & Brokers of America (the Big “I”) on Wednesday credited the National Association of Insurance Commissioners’ (NAIC) for its hard work on a compensation disclosure model law, but called for further discussion of several outstanding issues. …
While the death toll approached 120,000 on Thursday in the wake of the devastating earthquake and tsunamis that hit Southeast Asia on Sunday, The U.S. State Department continues its efforts to find thousands of Americans unaccounted for. While exact numbers …
A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from A- (Excellent) of Cayman General Insurance Company Limited (Cayman General) (Cayman Islands). The rating remains under review with negative implications. This rating downgrade reflects the magnitude of …
