The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during November. The actions include five license revocations, a license denial and fines and restitution totaling $280,157. Copies of Geeslin’s orders may be obtained …
DaimlerChrysler AG’s Chrysler Group said Friday it was recalling more than 60,000 vehicles to reprogram a brake system computer to avoid the loss of antilock brakes and traction control. The recall involves 62,369 model year 2007 Chrysler Sebring, Chrysler 300, …
BrickStreet Mutual Insurance Co. announced five new members to its West Virginia underwriting team. Daniel Feigel will serve as an underwriter for the Coal Business Team. He previously worked as a coal underwriting specialist with Kentucky Employers’ Mutual Insurance located …
The mother of a 6-year-old brain damaged boy who allegedly was sexually abused by an older child will receive $10,000 in the settlement of a federal lawsuit the woman filed against the Espanola, N.M., school district. The district’s insurance company …
In addition to assigning a ‘stable’ outlook for 2007, A.M. Best Co. awarded Star Casualty Insurance Co. of Coral Gables an initial rating of B++. Star Casualty is a domestic property and casualty company that writes private passenger automobile insurance …
Delaware Insurance Commissioner Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. Denn recruited 12 other state insurance commissioners to join Delaware …
France’s SCOR group noted that it has successfully sponsored a new catastrophe bond. The French reinsurer entered into a multi-year property catastrophe retrocession agreement with Atlas Reinsurance III p.l.c., a special purpose reinsurance company incorporated under the laws of Ireland …
A Miami-Dade jury has awarded a woman $16 million in a medical malpractice case alleging complications from an unnecessary operation left her brain damaged. Lourdes Landis, 48, of Miami, suffered a seizure in 2001 after she was discharged from the …
Insurance industry trade groups are asking the Indiana Supreme Court to review an appeals court decision that awarded damages for emotional distress to the family of an injured man, saying it could set a costly precedent. The groups are joining …
The London insurance market Lloyd’s has sued former Rhode Island Gov. Bruce Sundlun, accusing him of failing to pay about $300,000 in principal and interest. But Sundlun says he doesn’t owe Lloyd’s any money, and his lawyer has asked a …