Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in late October, with most insurance industry analysts estimating insured losses …
N.Y. department prevails in liquidation bureau audit New York state’s highest court has ruled that the state auditor does not have the authority to audit an obscure division of a state agency managing $3.3 billion. The New York Court of …
Mass. caps car insurance hikes at 10%; smaller insurers eye 2.5% cut The first moves toward competitive rating for auto insurance in Massachusetts indicate that rates for drivers insured by insurers with small market share could drop an average 2.5 …
National Transportation Safety Board still investigating bridge collapse Investigators with the National Transportation Safety Board (NTSB)continue to interview motorists who were on the Interstate 35W bridge when it collapsed more than two months ago and expect to conclude their investigation …
S.C. commission rejects Sanford’s workers’ comp order on standards The South Carolina Workers’ Compensation Commission unanimously rejected Gov. Mark Sanford’s order to begin using uniform medical standards in deciding how much should be paid to injured workers with long-term disabilities, …
Forensic says it doesn’t want to interfere with Lampton’s investigation, but argues that its employee’s hard drive may contain privileged information that should remain confidential. Katrina adjuster seeks to block Miss. grand jury access to hard drive An engineering firm …
ACE pays $4.5 million to settle bid-rigging claims with states ACE Group Holdings has agreed to pay $4.5 million to end a bid-rigging and price-fixing case, according to officials from eight states and the District of Columbia. Florida’s Chief Financial …
Florida subpoenas Allstate over rate increases, industry ties Florida officials have subpoenaed Allstate Insurance and its subsidiaries to get the insurer to explain its reinsurance costs, why it is not lowering homeowners insurance rates in the state and its relationships …
British Petroleum and several of its subsidiaries in late October 2007 agreed to pay approximately $373 million in fines and restitution for environmental violations, according to the U.S. Department of Justice. The sanctions stem from a fatal explosion at a …
Owners of Top Flight Insurance charged with conspiracy, racketeering Charges of conspiracy against the state, racketeering and filing of false financial statements in relation to the operation of an insurance company were brought against two Texans by Oklahoma Attorney General …
