A Lewiston, Maine neurosurgeon has been found liable for a surgery that left a man in a wheelchair before the doctor came to Maine. Dr. Victor T. Ho agreed to pay $1.9 million under a settlement and won’t appeal the …
American International Group Inc., the world’s largest insurer, has filed a complaint in New York Supreme Court against former Chief Executive Maurice “Hank” Greenberg and six other former directors and officers, accusing them of breaching their fiduciary duty. The legal …
Explosive eruptions and noxious gas emissions at Kilauea Volcano in Hawaii this week have prompted scientists to work around the clock to understand what will happen next and how to keep the public out of harm’s way. Scientists are monitoring …
A.M. Best Co. has withdrawn the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” and assigned a category NR-5 (Not Formally Followed) to Farmers Home Fire Insurance Company (FHFIC). Best said these “rating actions reflect the …
South Carolina’s youngest drivers would have to go through more training before getting a regular license under a bill that has won approval in a Senate panel. Sen. Joel Lourie says requiring four hours of private driver’s training will help …
Legislation passed by the Florida Senate this week would reduce the amount of state-funded reinsurance that insurers can purchase under the temporary increase in coverage limit (TICL) program. The Senate bill would reduce the amount of optional TICL coverage offered …
Chartwell Independent Insurance Brokers LLC, a wholesale and specialty insurance broker focusing on high-risk, hard-to-place coverage, announced that it has added an Excess & Surplus (E&S) Casualty Division to its Scottsdale, Ariz., office. The Chartwell E&S Casualty Division will consist …
Indiana Governor Mitch Daniels signed the bill this week that bans municipalities from charging accident response fees. The ban will take effect in Indiana on July 1, 2008. Senate Enrolled Act 81, a bill supported by the Insurance Institute of …
Water continued to rise Wednesday in Arkansas, where federal officials have begun to gather their first damage assessments in the week-long floods that have displaced residents and soaked homes and businesses in nearly half the state. The White River is …
The Texas Department of Insurance, Division of Workers’ Compensation announced that any workers’ compensation interest or discount will be at the rate of 4.82 percent for the third quarter of 2008. This rate is computed by using the treasury constant …
