Allstate Insurance Co. says a Louisiana couple misrepresented their claim after Hurricane Katrina damaged their home and is asking a federal judge to throw out their lawsuit against the insurer less than a week before trial. Allstate, in court papers …
Private consultants will take over management of Louisiana’s state-controlled insurer of last resort after the firm’s outgoing chief physically collapsed and its chief financial officer resigned. Terry Lisotta, secretary of Louisiana Citizens Property Insurance Corp., collapsed April 4 at the …
Stiff House opposition to a proposal that would allow Missouri police to stop drivers solely for not wearing seat belts forced leaders to cut off debate before a vote Wednesday night and could threaten the entire bill. Opponents of the …
Thirty-eight more Hurricane Katrina insurance cases of Mississippi residents have been settled during court-order mediation, says U.S. District Judge L.T. Senter Jr. More mediations will begin in May, according to Senter’s office. Some cases also might be sent to a …
Head restraints in several passenger vehicles provided marginal or poor protection against neck injuries and whiplash, the insurance industry reported in new crash test results. Only 22 of 75 vehicles tested in a simulated rear crash at 20 miles per …
A breath test used in thousands of drunken driving cases in New Jersey went on trial this week, when the state Supreme Court considered whether the instrument provides reliable blood-alcohol level readings. The outcome will affect at least 10,000 drunken …
Nebraska lawmakers broke a filibuster and gave first-round approval to a bill that could open parks that have closed following a state Supreme Court decision. State Sen. Ernie Chambers of Omaha fought the bill (LB564) that would offer some protection …
Citizens Property Insurance Corp.’s board of governors approved two proposals that will boost the amount of cash available to pay hurricane damage claims this year to $8.8 billion. “I want to make certain everyone understands this and puts it in …
Almost concurrently with the announcement of SCOR’s greatly improved 2006 results (See above article), Swiss-based Converium issued a bulletin, which indicated the presentation “included information which could lead Converium’s shareholders to false conclusions. Some of Converium’s financial targets presented in …
France’s SCOR Group announced a 92 percent increase in net income for 2006 to €252 million ($338 million) before, what the report termed, “badwill” linked to the acquisition of Revios. Essentially the German life reinsurer, which SCOR bought last year, …