The number of people killed in traffic accidents in Oklahoma continues to fall below the numbers in 2007. The Oklahoma Highway Patrol says 500 people have died on the state’s roadways in 2008 compared to 544 at this time last …
Louisiana agriculture, forestry and fisheries suffered an estimated $950 million in losses and damages in this month’s hurricanes, according to the Louisiana State University AgCenter. And the figure, officials say, is expected to rise. Of the $950 million, up to …
The Texas Department of Insurance (TDI) has issued a statement and answers to some frequently asked questions regarding AIG insurance companies in Texas. “AIG’s Texas insurance companies are currently financially sound and able to pay claims,” stated Texas Insurance Commissioner …
The Texas Department of Insurance Division of Workers’ Compensation announced that the workers’ compensation state average weekly wage for Fiscal Year 2009 is set at $750 and is effective for dates of injury from Oct. 1, 2008, through Sept. 30, …
A Kanawha County, W.Va. woman pleaded guilty to a felony count of fraudulent claims to an insurance company according to West Virginia Insurance Commissioner, Jane L. Cline. As part of her plea, Lisa Holcomb-Patterson, 42, of Dunbar, W.Va. will be …
In addition to working overtime on the Wall Street bailout over the weekend, the Senate also approved legislation to extend the National Flood Insurance Program until March 6, 2009. The measure was passed earlier last week by the House of …
Philadelphia Insurance Companies sponsored the 2008 Parkway Run/Walk benefiting The Cancer Center at The Children’s Hospital of Philadelphia on Sunday, Sept. 28. Despite rain, more than 1,500 runners and walkers including 50 Philadelphia Insurance Co. employees and their family members …
A Walpole, Mass. lawyer has been sentenced to five years in prison after pleading guilty in a scam to inflate medical bills to insurance companies. Personal injury lawyer Bruce Namenson entered guilty pleas last week to multiple charges of motor …
Catastrophe risk modeling firm AIR Worldwide estimates that insured losses to onshore properties in China from both wind and precipitation-induced flooding from Typhoon Hagupit will be between $100 million and $250 million. AIR added: “The high winds and flooding caused …
Bermuda-based AXIS Capital Holdings Limited announced that preliminary net loss estimates for Hurricanes Gustav and Ike range from approximately $310 million to $430 million, net of reinstatement premiums. Axis’ preliminary net loss estimate, net of reinstatement premiums, for Gustav ranges …