Out-of-state residents who obtain automobile insurance in North Carolina fraudulently to get cheaper premiums would be guilty of a felony in a bill that the House approved unanimously this week. The state Insurance Department sought the bill after accusations that …
A once high-flying asbestos litigation attorney was ready to plead guilty Monday to fraud involving thousands of clients, but a federal judge in Miami has rejected the deal and set a date for trial, saying he was unhappy with the …
Dublin-based Research and Markets has added a report on Legal Expenses Insurance in the UK 2006 to their offering. “Legal expenses insurance (LEI) sales are underpinned by an established network of distributors, of which major insurance brands are the key …
A new report from Standard & Poor’s Ratings Services – “Insurers Seek To Weather Changes In The Weather” – stresses that for the insurance industry, “climate’s impact isn’t just a theoretical concern for the future.” S&P rather cautiously points out …
Risk Management Solutions has designed the trigger mechanism and performed the risk analysis for a parametric securitization of typhoon risk in Japan. Issued by Akibare Ltd., a Cayman Islands special purpose vehicle (SPV), the securities provide $120 million of five-year, …
Standard & Poor’s Rating Services has revised its outlook to stable from negative on German reinsurer Hannover Rückversicherung-AG and its core entities, collectively referred to as Hannover Re. The Group is majority owned by Germany’s Talanx AG. S&P also affirmed …
The fairways here are flecked, the greens mottled brown. The PGA National Resort & Spa doesn’t look like a marquee golf course. “We’ll talk to people about it in the pro shop when they check in and say, ‘You might …
Some Gulf Coast residents are preparing for future hurricane seasons by rebuilding with the help of a North Carolina company that specializes in storm-resistant homes. Security Building Group LLC, a Sneads Ferry, N.C. company, specializes in building Atlantic Coast homes …
Operations have resumed at a chicken processing plant in western Kentucky where work was suspended last week after an inspection. The U.S. Department of Agriculture inspection raised an unspecified concern at Perdue Farms’ plant in Cromwell, which prepared chicken served …
A deputy U.S. marshal from Putnam County is suing the maker of a popular cold remedy, saying it caused him to lose his sense of smell, which is critical to his line of work. William L. Seckman, 42, who works …