May 31, 2007
As the 2007 Atlantic hurricane season became official, Colorado State University’s well-known weather researcher William Gray stood by his earlier April prediction that this will be a storm period “much more active” than normal. His team estimates that 2007 will …
May 31, 2007
Congressional Democrats said this week they would try to reverse a Supreme Court decision that limits the time that workers have to sue their employers for pay discrimination. “All Americans deserve equal pay for equal work, and it is my …
May 31, 2007
Home inspectors are rushing to check roofs in South Carolina’s Sun City Hilton Head development before the heart of hurricane season to see if trusses were properly built and can handle high winds. Beaufort County is trying to hire as …
May 31, 2007
Law enforcement officers from five Calif. counties have served 58 arrest warrants for insurance fraud and related charges, such as grand theft, receiving stolen property and perjury, following investigations of alleged auto insurance and workers’ compensation insurance fraud. Four suspects …
May 31, 2007
Louisiana homeowners with damage from hurricanes Katrina and Rita have until July 31 to apply for aid through the state’s Road Home program, officials announced May 29. The program gives out grants of up to $150,000 per homeowner. Insurance proceeds …
May 31, 2007
Louisiana’s state-run insurance company of last resort for homeowners in storm-prone areas paid almost $300,000 for consultant services and expenses from 2004 to 2006, but lacked paperwork to back up almost two-thirds of that spending, according to the legislative auditor’s …
May 31, 2007
The Texas Department of Insurance Division of Workers’ Compensation announced the availability of public use data files (PUDFs) for workers’ compensation medical charges and payments. Data sets for both professional medical services and institutional (hospital) services have been included on …
May 31, 2007
Texas Mutual Insurance Company announced it would distribute approximately $125 million in individual policyholder dividends, a record for the company. The plan still requires Texas Department of Insurance approval. Texas Mutual has declared about $445 million in individual dividends during …
May 31, 2007
Standard & Poor’s Ratings Services said that its ratings and outlook on Netherlands-based credit insurance group Atradius, and Spanish credit insurer Compañía Española de Seguros y Reaseguros de Crédito y Caución S.A. (CyC) are “unaffected by the announcement of a …
May 31, 2007
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit ratings (ICR) of “a+” of the Safeco Insurance Companies and its members. Best has also affirmed the ICR of “bbb+” and the debt …