A leading expert on the way West Virginia’s courts handle asbestos claims urged legislators Sunday to avoid proposed changes to the system. “Not only is it a mistake, it would be unnecessary,” retired Kanawha Circuit Judge Andrew MacQueen told an …
Rating agency A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Allstate Insurance Group (Allstate) and its members. Additionally, A.M. Best has affirmed the ICR of “a” and …
The Oregon Supreme Court has ruled that parts of the Oregon Torts Claims Act that limits liability claims against governments violates the Remedy Clause of the Oregon Constitution, creating the potential for liability claims against public employees. The decision also …
With the launch of the environmental module of ISO Risk Analyzer Personal Auto, ISO expanded its offering of analytic decision-support tools in the personal auto insurance line. As a predictive model to help insurers classify, segment, and price personal auto …
Proformance Insurance, an operating subsidiary of National Atlantic Holdings Corp. based in Freehold, N.J., appointed Thomas Glowacki as Vice President of Claims. Glowski is said to have 30 years of experience within the industry, having handled claims in all insurance …
Environmental groups have sued Shell Oil Co. and several of its affiliates, claiming the oil giant has for years released pollutants from its suburban Houston refinery that are well above state and federal limits. In their federal lawsuit, the Sierra …
Arkansas Insurance Commissioner Julie Benafield Bowman announced that Arkansas will receive part of the $72 million in funds and assets of Martin Frankel, who was sent to prison for insurance fraud committed in Arkansas and four other states. The Internal …
Another Mexican candy is being recalled by a San Antonio, Texas, importer due to elevated levels of lead that could cause health problems. The Texas Department of State Health Services says Villa-Mex Imports is voluntarily recalling a third candy imported …
The former chairman and CEO of the world’s largest insurer initiated a deal that led to five ex-executives being charged in a scheme to manipulate the company’s financial statements, a federal prosecutor said Monday during opening arguments at their trial …
Allstate Insurance Co. has agreed to pay $995,000 to a Brooklyn couple who claimed their house was badly damaged by vibrations caused by an Air France Concorde jet nearly five years ago. The couple, John and Annette Ferranti, initially won …