The Board of Governors of the Alaska Timber Insurance Exchange, a policyholder owned workers’ compensation insurance company, announced that a $1.8 million dividend will be paid to its members on March 13, 2007. The dividend represents approximately 31 percent of …
A former insurance broker/agent has been sentenced to 10 years in prison for the sale of approximately $6 million worth of fake insurance policies the broker falsely claimed were underwritten by Lloyd’s of London, according to the California Department of …
How Mississippi handles its wind pool could very well determine the future of the state’s property insurance market, according to the state’s insurance commissioner. “[O]ne of the major problems that I have faced is how to handle the Mississippi Insurance …
About 1,200 hurricane-damaged homes in south Mississippi can be torn down under rules that have been extended by the Environmental Protection Agency. The EPA’s No Action Assurance program runs until Sept. 30 for houses in Hancock, Harrison, Jackson and Pearl …
Missouri businesses paid too much for their workers’ compensation insurance policies and have received refunds of nearly $2.5 million, state insurance officials said this week. The National Council on Compensation Insurance (NCCI) in 2005 found that its rate-making system erroneously …
Merck & Co.’s painkiller Vioxx contributed to an Idaho postal worker’s heart attack, a jury in Atlantic City has ruled, reversing the verdict in the man’s first trial and hitting Merck with a total of $47.5 million in damages. In …
The New Jersey Supreme Court this week ruled that when police and firefighters get hurt handling an emergency, they can sue and win compensation if negligence contributed to the injury. The unanimous decision by New Jersey’s highest court found that …
A federal judge’s ruling brought to more than $334 million the amount that insurance company Amerigroup Corp. and its Illinois affiliate owe in damages and penalties for discriminating against pregnant women. U.S. District Judge Harry D. Leinenweber levied more than …
High-deductible health plans with low monthly premiums, like those recently proposed by Massachusetts Gov. Deval Patrick to cover the state’s uninsured, cut down on emergency room visits, according to a new study. The study, published in the Journal of the …
Wyoming and Arkansas are the deadliest states for truck crashes, according to a safety group that has called for tougher federal regulation to reduce fatalities hovering above 100 a week nationwide for years. The safest states for truck crashes were …