A powerful undersea earthquake near the island of Sumatra triggered the worst series of tidal waves, or tsunamis, in living memory. Preliminary estimates put the death toll at 23,000. Sri Lanka posted the worst losses with more than 11,000 people …
Despite reports suggesting otherwise, there was no Christmas present for the business targets of New York Attorney General Eliot Spitzer after all. Spitzer, criticizing a New York Times story of Dec. 25, affirmed that he has no intention of ceding …
New York Attorney General Eliot Spitzer subpoenaed Atlanta-based Crawford & Co. as part of an ongoing investigation about how the insurance industry does business, not because there is any issue with Crawford & Co.’s integrity, Thomas W. Crawford, chief executive …
San Diego-based Driver Alliant Insurance Services Inc., along with its parent company, Alliant Resources Group Inc., announced that they will be eliminating their contingent income agreements with insurance carriers. Alliant is one of the largest U.S. insurance brokerage and financial …
A new study commissioned by the California Applicant Attorney Association (CAAA) is seriously defective, and just another part of their relentless campaign to undermine implementation of recently enacted workers’ compensation reforms, said the American Insurance Association (AIA). CAAA’s study, entitled …
Hilb Rogal & Hobbs has released its Directors and Officers Liability Snapshot and Insurance Market Forecast for 2005. Legislation, regulatory activity, litigation and corporate governance requirements continue to impact the exposure of directors and officers to liability. Recent decisions and …
At least 40 states have approved a settlement in an investigation of UnumProvident Corp., requiring the disability giant to reconsider about 200,000 claims and pay a $15 million fine, insurance officials involved in the deal said. Approval of the settlement …
Texas Lt. Gov. David Dewhurst once again called on State Farm to reduce homeowner’s insurance rates recently as he laid out the second part of the Texas Legislature’s insurance reform effort, the Associated Press reported. Sen. Mike Jackson, R-Pasadena, filed …
Addison, Texas-based Affirmative Insurance Holdings Inc. reported it has signed definitive agreements to acquire the assets of two non-standard automobile insurance agency operations. In two separate transactions, Affirmative has agreed to acquire the assets of the retail agency and franchise …
Florida is suing a Savannah-based retail jewelry chain, alleging the company sold millions of dollars worth of insurance on jewelry items but failed to adequately disclose the costs to consumers. Friedman’s Inc. (OTCBB: FRDM.PK), which has 56 stores in Florida …