Insurance News from March 31, 2006
National News
Actuaries Estimate Cost of Terrorist Attacks on Cities; N.Y. at $778 Billion; D.C. at $196.8 Billion
The American Academy of Actuaries disclosed that a future large terrorist attack in New...
International & Reinsurance News
57 Confirmed Dead as Excursion Boat Sinks off Bahrain
At least 57 people died when a ship on a pleasure cruise suddenly capsized off of...
East News
Pa. Court Upholds $7.9M Bad Faith Award Against Medical Insurer
A Pennsylvania federal court has upheld a $7.9 million award against an insurer for its...
West News
California Employer Arrested for Wrongly Accusing Employee of Workers Comp Fraud
A San Bernardino, Calif., employer has been arrested for wrongly accusing an employee...
Southeast News
Fla. Agents Urged: ‘Preserve Consumer Choice’
If a takeout company removes a policyholder's coverage from Citizens Property Insurance...
Texas / South Central News
Okla. Agent Allegedly Fails to Remit Tornado Victims’ Premiums
The Oklahoma Insurance Department suspended a Locust Grove, Okla., insurance agent's...
Midwest News
St. Louis, Mo.’s First Bank to Acquire Adrian N. Baker & Co.
First Bank, a Missouri state chartered bank and wholly owned subsidiary of First Banks...