San Diego County Superior Count Judge David Danielsen has ordered framing contractor Christopher Nicol to pay $291,440 in restitution to California’s State Compensation Insurance Fund. Nicol, 38, owner of BC Framing, pleaded guilty to one count of Insurance Code Section …
While not yet a named storm, a weather system developing in the Gulf of Mexico has prompted Louisiana Governor Kathleen Babineaux Blanco to declare a precautionary State of Emergency, the governor’s office said. The developing storm is predicted to become …
Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key decision. Plaintiffs in the case, who had …
A Brayton, Mo. woman is suing her gynecologist for allegedly not telling her that he accidentally cut open a tumor he removed from her ovary, spilling cancerous tissue in her abdomen and causing her cancer to spread. The lawsuit, filed …
Michigan businesses will see their pure premium rates for workers’ compensation insurance drop in 2008 by more than 4 percent. Private insurance carriers use the pure premium rate to compare their rate structure for workers’ compensation coverage for the coming …
The Bush Administration is dropping its effort to standardize how government agencies develop risk assessments intended to protect the public or the environment. A bulletin announcing new standards was put on hold in January, following criticism by the National Academy …
AIR Worldwide Corporation estimates insured losses from both wind and precipitation-induced flooding from Typhoon Wipha (See IJ web site Sept. 18, 19) are unlikely to exceed $250 million (RMB 1.85 billion). “The estimate covers insured losses to property and contents …
EQECAT, Inc., a subsidiary of ABSG Consulting Inc., announced the release of its “3.10” catastrophe management software, which includes its next generation model for Atlantic basin hurricanes. “The storms of 2005 identified the critical need for insurers and reinsurers to …
Chrysler LLC said it would recall nearly 300,000 sport utility vehicles to address potential braking problems while driving uphill. The recall involves more than 156,000 Jeep Grand Cherokees and Commander SUVs from the 2006-2007 model years, more than 90,000 2007 …
More people are building homes in hazardous fire areas of the Sierra Nevada — increasing firefighting costs, according to a two-year study released by a conservation group. The Sierra Nevada is primarily in eastern California and extends into neighboring Nevada. …