Florida reached a settlement with Aon Corp., after the insurance broker received undisclosed compensation in connection with the placement of insurance coverage on behalf of Florida policyholders, state officials said. Through the investigation, authorities uncovered allegations that Aon improperly collected …
A.M. Best Co. affirmed the financial strength rating (FSR) of “A” (Excellent) and upgraded the issuer credit rating (ICR) to “a+” from “a” of Waco, Texas-based National Lloyds Insurance Company. The outlook for these ratings is stable. Best also revised …
Employees in Louisiana would have the right to keep a legally owned firearm locked in their car in a parking lot at their place of work, if the House goes along with a bill approved 28-4 in the state Senate. …
It is estimated that somewhere between 1 percent and 10 percent of drivers of commercial or “big rig” trucks are operating under the influence of drugs or alcohol on any given day. The American Trucking Associations (ATA) believes the “positive” …
Rod Stapleton, vice president of operations, recently announced that Ted Wissman has been promoted to vice president of claims effective immediately. Celina’s board of directors approved the promotion on Monday, May 19th. Wissman will continue to direct and manage the …
The Louisiana Supreme Court on May 21 upheld a previous appeals court’s decision upholding the state’s “valued policy law” (VPL). The plaintiffs in Mark Landry and Barbara Landry V. Louisiana Citizens Property Insurance Company lost their Vermilion Parish home during …
The National Weather Service confirmed a tornado touched down in Bamberg County on May 20. Forecasters say the twister had winds up to 90 mph and moved from just north of Olar to near Ehrhardt in the late afternoon. The …
Cherokee County, Georgia began cleaning up from a tornado and hailstorm that damaged hundreds of homes in the county, and Gov. Sonny Perdue declared a state of emergency to allow state resources to be used in the cleanup. State Insurance …
A backhoe operator hit a gas line Wednesday, causing an explosion that leveled a vacant restaurant building and injured at least four people. Work was being done on curbs and sidewalks in the area. Cogan said workers were behind a …
Connecticut Attorney General Richard Blumenthal asked the Bank of New York Mellon Wednesday to explain how it lost computer tapes containing the information of more than 4 million customers. The bank told the state that a box with back up …
