Development has surged in parts of the Big Island at high risk of being covered in lava ever since the state started providing homeowner’s insurance to such areas. The 15-year-old program provides more than 2,400 policies to homes that private …
In a decision sought by corporate America to stem the tide of securities lawsuits, the U.S. Supreme Court today pulled the plug on investors trying to sue some suppliers of a company whose stock price was inflated with the aid …
A.M. Best Co. indicated that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Verlan Fire Insurance Company of Silver Spring, MD, are unchanged following the recently announced definitive agreement by The Hanover …
The Texas Department of Insurance Division of Workers’ Compensation will hold a public hearing on Feb. 4, 2008, regarding dispute of medical bills rules. The hearing will take place in the Tippy Foster Room at 7551 Metro Center Drive, Suite …
Oklahoma State Rep. Joe Dorman filed a measure for the upcoming legislative session that would make Oklahoma the 31st state to require cigarettes sold within the state to be so-called “fire-safe cigarettes,” which are also known as fire-standards-compliant cigarettes. If …
For now, at least, New York insurance brokers are not legally required to disclose to clients the commissions they earn on policies they place, according to a new legal opinion released by the state’s insurance department. But that could change …
More than $170 billion has evaporated from the balance sheets of companies around the world as the result of the meltdown of the U.S. subprime mortgage market, reports Advisen Ltd., a provider of technology and data to the global commercial …
It was just a relatively small shake, an earthquake beneath Lake Erie that was a mild 3.1 magnitude that could be felt in some lakeshore communities. Still, Ohio seems increasingly prone to the shakes; there have been 25 earthquakes of …
A Sussex man convicted of injuring a 59-year-old woman in a drunken vehicle crash was ordered to pay more than $715,000 in restitution. Jeffrey D. Thieme Jr., 27, was sentenced to five years in prison after he pleaded no contest …
The New York Fire Department has modified its inspection schedule to focus on larger and more complex construction and demolition sites in response to a deadly blaze in a condemned skyscraper. Under the revised plan, the Fire Department said it …