Texas Gov. Rick Perry recently proposed the creation of a state Inspector General position that would monitor large state agencies—including the Texas Department of Insurance and the Texas Workers’ Compensation Commission—for waste, fraud and abuse. Mike Hachtman, chairman of the …
South Florida insurance fraud artists are becoming so rampant in the area that authorities have launched a campaign to catch area con artists who stage car wrecks and bilk insurance companies of hundreds of thousands of dollars in false insurance …
College professors in Kentucky have joined the ranks of Americans claiming to suffer from the health effects of mold contamination. Faculty, including two nursing lab faculty members, at Mayville Community College complained of respiratory ailments, souring an investigation that uncovered …
The U.K., France and other European countries whose citizens lost their lives, or are still missing, in the aftermath of the Indian Ocean tsunamis, are considering ways to amend their laws governing when a missing person may be declared legally …
Bermuda-based Everest Re Group, Ltd. announced that its fourth quarter results would be adversely impacted by catastrophe losses, which it estimates will be around $133 million, or $2.32 per diluted share, after tax. “The quarter’s catastrophe loss activity arose principally …
While the official death toll may never be known, the reaction to last month’s killer earthquake and tsunamis in Southeast Asia continues. Insurance Journal recently spoke with several individuals whose companies have seen the death and destruction up close. Crawford …
West Virginians know, as well as anyone, what it is like to clean up flood damage after suffering a total of seven federally declared flood disasters in 2003 and 2004. In the wake of the recent disasters, the Federal Emergency …
California’s workers’ compensation costs are going down, even if Gov. Arnold Schwarzenegger’s budget proposal includes big increases in the state’s costs for the program. The Republican governor’s budget predicts the state’s cost of dealing with job-related injuries and illnesses among …
Texas Mutual Insurance Company announced that three of its policyholders received Safety and Health Achievement Recognition Program (SHARP) awards from the Occupational Safety and Health Administration (OSHA). The SHARP awards recognize excellence in occupational safety and health among small, private …
New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Companies Inc. to settle his bid-rigging and price-fixing charges, according to a report published Friday. The Wall Street Journal said Marsh & …