Louisiana’s $500,000 cap on medical malpractice damages, set in 1975, is unconstitutional because it no longer provides an adequate remedy to patients, the 3rd Circuit Court of Appeal in Lake Charles has ruled in a 3-2 decision. A $500,000 award …
Deputy Commissioner for Property and Casualty Insurance Tom Streukens is leaving the Florida Office of Insurance Regulation to take a position as Operations Director for the Florida Workers’ Compensation Insurance Guaranty Association. Florida Insurance Commissioner Kevin McCarty announced the appointment …
A 54-year-old business owner pleaded guilty to issuing a false certificate of insurance claiming to have workers’ compensation insurance with the New York State Insurance Fund, according to the NYSIF. NYSIF said that authorities arrested John Cappucci, of Levittown, New …
A.M. Best Co. has placed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit ratings (ICR) of “a-” of the U.K.’s Royal & Sun Alliance Insurance Group plc and its rated subsidiaries under review with positive implications. …
Certified Risk Managers (CRM) announced from Austin that it has scheduled a course in risk management to be held in Monterey, Mexico Oct. 18-21 in Spanish. CRM called the course – “Principios de la Administración de Riesgos,” or “Principles of …
California’s Insurance Brokers and Agents of the West (IBA West) has launched a legal attack on what it is calling California Insurance Commissioner John Garamendi’s attempt to illegally redefine agent and broker definitions. The association filed a petition with the …
Hawaii may be a relatively small in size, but it hopes to reap big dividends using its geography, according to the state’s Insurance Commissioner J.P. Schmidt. Because of its location, the Aloha state is perfectly poised to attract business in …
A city lead abatement program that has been recognized nationally might have to shut down because the U.S. Department of Housing and Urban Development has denied a request for a $3 million grant. “We were very surprised. All the indications …
District of Columbia, regional and federal officials this week introduced a state-of-the-art communications center that will serve as a command post in the event of a regional emergency. The 127,000 square-foot center, five miles east of the U.S Capitol, could …
The next time you go to church, you may notice security guards, controlled access, or a secure drop box for collections. These are just some of the innovative safety and security measures being implemented by churches across the country to …