A proposal pending in the Oklahoma Senate would allow authorities to seize the vehicles of motorists who fail to show proof of liability insurance during a traffic stop. State Sen. Patrick Anderson, R-Enid, thinks the proposal will help remove uninsured …
Texas Commissioner of Workers’ Compensation Albert Betts recently named Howard L. Smith, M.D., as medical advisor for the Texas Department of Insurance (TDI), Division of Workers’ Compensation (Division). Dr. Smith has been a practicing physician since 1985, specializing in brain …
The final tally for the cost of claims from Hurricane Rita in both Louisiana and Texas came to $5.8 billion. Hurricane Rita’s 120 mile per hour winds plowed into the Texas/Louisiana border on Sept. 24, 2005, one month after Hurricane …
The arrest of a prominent attorney on charges of destroying evidence in a Connecticut child pornography investigation is raising alarm bells that a law targeting corporate accounting schemes could be used to prosecute lawyers over work done on their clients’ …
National Guardsmen and emergency management officials in 13 western Kentucky counties spent last week responding to an earthquake that hadn’t actually occurred. The exercise simulated response to a magnitude 7.5 earthquake hitting at 3 a.m. CST last Tuesday along the …
New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use occupation and education as rating factors, insurers warned lawmakers at a legislative hearing this week. Senate Bill 1714 would …
Agents with the Federal Bureau of Investigation’s Art Crime Team (ACT) have located an original Norman Rockwell painting, Russian Schoolroom, stolen during a late night burglary in Clayton, Missouri in 1973. It was found in the home of movie mogul …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of Egypt’s Al Chark Insurance Company with a stable outlook. “The ratings reflect Al Chark’s good risk-adjusted capitalization, improving (although weak) …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating “a-” of Egypt’s Misr Insurance Company. However, Best also revised its ratings outlook to negative from stable. “The ratings reflect Misr’s excellent risk-adjusted …
AutoMart-China, a 95 percent owned subsidiary of Florida-based Deep Field Technologies, has become the “largest independent auto aftermarket company in Beijing,” according to a Company bulletin. The Company has successfully negotiated contracts with seven Chinese insurance companies to offer damage …