Federal Audit Rips Spending for Texas Hurricane Cleanup December 31, 2010 By Michael Graczyk A scathing audit by the federal Department of Homeland Security questions whether some $45 million in public money was properly...
Best Affirms Mitsui Sumitomo Insurance ‘A+ Ratings; Outlook Stable December 31, 2010 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and the issuer credit rating (ICR) of...
Obesity Increases the Risk of Disabling Workplace Injuries December 31, 2010 Recent research confirms anecdotal data that work-related injuries are far more costly if an injured worker is obese. In fact,...
2011 Outlook: Too Much Capacity + Stagnant Demand = a Soft Market December 31, 2010 By Charles E. Boyle A quick, and as yet incomplete, survey of re/insurance industry leaders indicates that the main concern they will have to...
Texas AG Recovers $65M from Pharmaceutical Company December 31, 2010 Mylan Laboratories Inc. has agreed to pay $65 million to state, federal authorities as a result of an agreement with...
Six Keys to Harleysville’s Turnaround December 31, 2010 By Kenneth J. St. Onge Six years ago, Harleysville Group was in need of a big change. The Pennsylvania-based insurer had just come out of...
Calif. Regulator Urges Gov.-Elect Brown to Preserve Workers’ Comp Reforms December 31, 2010 Calif. Insurance Commissioner Steve Poizner announced he has sent a letter to Gov.-Elect Jerry Brown to urge him to preserve...
North Carolina Jeweler Loses Bet Against a White Christmas December 31, 2010 A North Carolina jewelry store owner made a $400,000 bet against a white Christmas — and lost. Alan Perry, owner...
Oahu Property Owners Urged to Buy Flood Insurance December 31, 2010 Emergency management officials are urging Oahu property owners to buy flood insurance at current rates before new flood maps —...
UK Homeowners Insurance is Biggest Fraud Target; $3.55 Million a Day December 30, 2010 Home insurance is now the number one target for insurance fraudsters according to the hundreds of fraudulent insurance claims exposed...