A state agency said it cut the unemployment-insurance tax rate, which will save Texas employers $270 million next year. The rate cut was due to low recent jobless rates and the Legislature’s decision to eliminate a special assessment that was …
Unitrin, Inc. reports it has worked out an agreement to sell its Unitrin Business Insurance unit to AmTrust Financial Services, Inc. in a cash transaction. Terms were not disclosed. Unitrin had previously announced in September an agreement in principle for …
North Carolina officials arrested a Linwood, N.C., insurance agent charging her with with five counts of embezzlement by an insurance agent and three counts of providing false statements on an insurance application. Melissa Faye Crotts, 38, was processed at the …
A Hartford, Conn. jury has awarded $3.4 million to a construction worker who was seriously injured when a nail became embedded in his brain as he worked with a nail gun. Jerry Crutchfield, 51, of Hartford had sued toolmaker Stanley …
Gov. John Hoeven doesn’t have the authority to oust the directors of North Dakota’s workers compensation agency, Attorney General Wayne Stenehjem says. In a legal opinion issued Thursday, after the board voted to fire Sandy Blunt, its chief executive officer, …
A woman who claimed that Wyeth’s hormone-replacement drug caused her breast cancer did not have sufficient evidence to show that the company acted negligently, said a judge in Pennsylvania who overturned a $3 million award in the woman’s case. The …
Using a simplified forecasting technique, researcher William Gray is predicting an above-average hurricane season in the Atlantic next year, with seven hurricanes, three of them major. Gray’s team at Colorado State University had called for above-average storm seasons the past …
A disbarred attorney was sentenced in Miami last week to 15 years in prison for skimming about $13.5 million in settlement money from thousands of clients made ill by asbestos and using it to support a swank lifestyle. Louis S. …
Bermuda-based Endurance Specialty Holdings Ltd. announced the closing of the acquisition by Endurance US Holdings Corp. of ARMtech Insurance Services, Inc. and its affiliates (See IJ web site – https://www.insurancejournal.com/news/national/2007/09/07/832. The bulletin noted that “ARMtech, headquartered in Lubbock, Texas, is …
Bermuda-based Ironshore Inc. has announced that Ronald A. Sandler, who joined the Company’s Board in October, has been elected as Chairman of the Board of Directors. He replaces Bob Clements who has been serving as Interim Chairman since the founding …
