Washington Insurance Commissioner Mike Kreidler will have expanded authority under a new law for earlier intervention to protect consumers and policyholders when an insurer experiences financial distress. “This new law provides extra protection for consumers and policyholders by allowing the …
More than 70 families whose homes were destroyed in the 2003 Mt. Lemmon/Aspen Fire will reportedly file lawsuits on May 24 in Tucson against 16 insurance companies. The families claim their homes were deliberately underinsured making it impossible for them …
As thousands fill boating shows seeking the watercraft of their dreams, the National Insurance Crime Bureau (NICB) is advising new and current boat owners to consider purchasing theft prevention devices and brushing up on some basic safety techniques to make …
A.M. Best Co. has affirmed the financial strength rating of B++ (very good) of Infrassure Ltd (Switzerland). The rating outlook remains positive. The rating reflects Infrassure’s prospective excellent but potentially volatile earnings, change in reinsurance cover and adequate capitalization. The …
Protecting workers and cutting injury compensation costs are the results OSHA expects personal health care facility operators to enjoy after participating in a half-day free seminar provided by the agency on May 31 in Chillicothe, Ohio. One in a series …
The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has cited Lake Michigan Contractors Inc. (LMC), Holland, Mich., and Kauff’s of Fort Pierce Inc. following the investigation of an accident at Sailfish Point Hutchinson Island, Stuart, Fla. One Kauff’s …
Texas Gov. Rick Perry has signed important asbestos litigation reform legislation, however, with one week remaining in the session, lawmakers are still grappling with workers compensation reform, a tax on business for school funding, and interest penalties for insurers who …
Just in time for the Memorial Day weekend, public and private sector partners, including the Allstate Foundation and Southwestern Insurance Information Service, are joining forces to expand flood safety awareness in Texas using billboards, bilingual handouts for state park visitors …
An insurance agency failed to tell a beverage company its warehouse sat in a 100-year flood plain, causing the company to suffer $8.4 million in flood damage, a lawsuit claims. Latrobe-based LeNature’s Inc. recently filed suit against Pittsburgh-based Seubert & …
The Boston Archdiocese has agreed to an $8.5 million settlement with an insurance carrier that disputed the Catholic archdiocese’s claims related to payments to clergy sex abuse victims, the archdiocese announced. The carrier, St. Paul Travelers, also agreed to waive …