Despite slow progress in rebuilding some neighborhoods, New Orleans’ population is nearing 300,000, or about 65 percent of its pre-Hurricane Katrina size, according to a new report. The report, compiled by urban planning consultancy GCR & Associates and based on …
Fire officials in Pine Bluff, Ark., say arsons are on the increase and authorities are seeking the public’s help through a new hotline for reporting fire bugs. On a recent weekend the town had “seven fires and that’s way too …
Three companies have filed a class-action suit against the Ohio Bureau of Workers’ Compensation over a system that they say costs employers million of dollars in excessive premiums. The companies argue that the bureau’s “group rating” system awards unrealistically huge …
Massachusetts Insurance Commissioner Nonnie S. Burnes has issued a bulletin calling on insurance companies to send written notification to consumers when a settlement payment in any third-party liability claim is made to the consumer’s attorney or other representative. According to …
Buffalo, N.Y.-based Merchants Mutual Insurance Co. recently announced that it has formed a subsidiary, Merchants Preferred Insurance Co. and is now accepting commercial and personal lines business in Ohio, effective Jan. 1, 2008. Merchants Preferred Insurance Co. is a wholly …
The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net income, policyholders’ surplus — insurers’ net worth measured according to Statutory …
In more fallout from the troubled credit market, ACA Capital Holdings Inc. has agreed to let the Maryland Insurance Administration and Commissioner Ralph S. Tyler assume control of much of its bond insurance division, ACA Financial Guaranty Corp. The company, …
A federal judge has ruled that American Family Insurance has no obligation to cover John Jason McLaughlin in the wrongful death lawsuit filed against him by the parents of the two Rocori students he killed in 2003. Attorneys for the …
Fairfield, N.J.-based Cover-All Technologies Inc. said it’s extended the tenure of its top executive. The company, which makes software for the property casualty insurance industry, said it’s reached an agreement with CEO, President and Chairman John Roblin under which he …
The family of a woman who was killed in the Big Dig tunnel collapse in Boston has agreed to a $6 million out-of-court settlement with the company that supplied the epoxy blamed for causing 26 tons of concrete ceiling panels …
