Shifting funds from one New York guaranty fund to prop up the state’s floundering Workers’ Compensation Security Fund will reportedly only jeopardize the solvency of the Property/Casualty Security Fund and increase the price of auto and homeowners insurance policies for …
A trenching and excavation fatality has resulted in citations and proposed penalties of $65,600 to a Metairie, La. construction company from the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA). Wallace C. Drennan Inc., a water and sewer …
Florida’s Chief Financial Officer Tom Gallagher on Wednesday joined two key lawmakers in pushing legislation to require insurance companies to clearly outline what is covered in homeowners insurance policies. The measure would also call for insurers to spell out hurricane …
The last thing any boat or watercraft owner wants to worry about when enjoying the warm weather and sun this summer is having proper insurance coverage. Nationwide Insurance is reminding consumers visiting the 2005 Carolina Power & Sailboat Show at …
The Property Casualty Insurers Association of America (PCI) reported it testified before the House Business and Insurance Committee in support of legislation to overhaul the Texas workers’ compensation system. “House Bill 7 is a huge step in the right direction …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, announced that it will fund technology improvements for the Florida Coastal Monitoring Program that will support its collection of real-time wind speed data during …
After Tropical Storm Allison ravaged parts of the Houston area, businesses in the area reportedly became significantly more prepared for disasters than businesses in Los Angeles, Minneapolis and San Francisco. According to a new report released by AT&T, more than …
A former Shreveport, La., insurance producer was arrested and issued a cease and desist order for allegedly misappropriating insurance funds, Louisiana Commissioner of Insurance Robert Wooley has announced. John Michael Guevara, 47, was arrested by the State Police Fraud Unit …
Auto accident claims are down significantly in Lawrence, Mass. and several other Merrimack Valley communities after a 16-month crackdown on auto insurance fraud, according to an industry report. The Insurance Fraud Bureau of Massachusetts forecasts $25 million in savings for …
Attorneys for the policyholders of Executive Life have reached a settlement with French bank Credit Lyonnais (CL) and the Consortium de Réalisation (CDR), a government sponsored group, which took over CL’s debts in 1995, providing for a $525 million payment …