September 30, 2009
Grand Forks County, N.D., residents are getting a look at a proposed new flood insurance rate map. Zoning administrator Bev Collings says it’s the first major change in the map since 1977. She says it’s long overdue. Officials asked for …
September 30, 2009
The Texas Apartment Association Workers’ Compensation Program has earned a 14 percent, or $395,000, dividend from Texas Mutual Insurance Company. Program administrators Michael Whorton and Charles Garner of Whorton Insurance Services in Austin said $158,072 of the total dividend was …
September 30, 2009
In West Virginia, where there’s roughly one deer for every two people and the largest city boasts an annual deer hunt within its boundaries, it’s no surprise the animals pose a common hazard for motorists. This week, insurance giant State …
September 30, 2009
A former lawmaker who faces a murder charge in the death of his ex-girlfriend has now been sued by the woman’s family. The Lexington Herald-Leader reports the family of Amanda Ross filed the wrongful death lawsuit in Fayette County Circuit …
September 30, 2009
A federal judge in Pennsylvania is allowing a class-action claim against an insurance company accused of failing to pay overtime to claims adjusters that worked at a Pittsburgh-area office. U.S. District Judge Sean McLaughlin says Erie Indemnity Co. will have …
September 30, 2009
By networking existing databases and adding secure reporting and analytic functions, two insurance industry organization hope to create a nationwide information sharing system on cargo crimes. The rating and statistical organization ISO (Insurance Services Office) and the National Insurance Crime …
September 30, 2009
Hartford Financial Services Group Inc. named a former Bank of America Corp. executive to be its new CEO, and he already has plans to introduce enhanced risk management after record losses at the 199-year-old insurer. Liam McGee, former head of …
September 30, 2009
Sears Holdings Corp. agreed to pay a record $6.2 million to settle a lawsuit by the U.S. Equal Employment Opportunity Commission that the department store retailer illegally fired disabled workers. U.S. District Judge Wayne Andersen in Chicago approved the settlement …
September 30, 2009
The former head of compliance overseeing Moody’s Corp.’s credit ratings business was routinely ignored when he warned that the firm was not properly monitoring municipal bond ratings, according to a letter obtained by Reuters Tuesday. Scott McCleskey, who is scheduled …
September 30, 2009
A U.S. Senate panel Tuesday rejected a government-run “public” insurance option as part of a broad healthcare overhaul, handing insurers an early victory and setting the stage for a long fight over one of the bill’s most contentious issues. The …