Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents told Insurance Journal they had not encountered the onslaught of claims they expected, but since a large percentage of the hurricane-stricken area was without electricity, …
India was struck by two tragedies over the weekend. On a busy Saturday morning three bombs exploded at different locations in the Indian capital Delhi, killing at least 60 people and causing widespread destruction. Earlier on Saturday a train derailed …
Transatlantic Holdings, Inc. (TRH) joined the roster of third quarter hurricane victims, posting a $144.2 net loss for the period, or $2.19 per common share (diluted), compared to a net loss of $21.8 million, or 33 cents per common share …
Bermuda-based Aspen Insurance Holdings Limited didn’t escape the Q3 carnage either. It reported a net loss of $362 million for the period, or $5.22 per diluted share, and a $208.1 million net loss, or $3.00 per diluted share, for the …
Hurricane Beta came ashore Saturday on Nicaragua’s Eastern coast about 60 miles (100 kms) south of Puerto Cabezas with winds up to 110 mph (175 km hr). The storm tore the roofs off many buildings, uprooted trees and dumped up …
Ventura County (California) District Attorney Gregory Totten announced that investigators from the District Attorney’s Office – Bureau of Investigation arrested Dr. Kent Pollock (DOB 7-25-44) of Newbury Park, on a felony arrest warrant alleging the double billing of insurance companies …
The U.S. Labor Department’s Occupational Safety and Health Administration (OSHA) has cited Goldens’ Foundry & Machine Company for reportedly exposing workers to safety and health hazards at its Columbus, Georgia manufacturing plant. The agency is proposing penalties totaling $117,950. The …
The Department of Homeland Security’s Federal Emergency Management Agency (FEMA) said it hopes all residents replaced their smoke detector batteries and checked their units in many parts of the country this past weekend, as clocks were turned back to end …
Farmers Insurance has paid $760,000 to a 62-year-old Irish woman who successfully argued her claim before the state Supreme Court, despite having no college degree or legal training. Mary Mulcahy, of Seattle, was injured in a car accident in British …
A Denham Springs, La., lawyer accused of submitting doctored records to get money from an insurance company now faces an insurance fraud charge. An East Baton Rouge Parish grand jury indicted 31-year-old Douglas C. Dorhauer. Prosecutor Mark Pethke says in …