Washington’s Office of the Insurance Commissioner has announced that a cease and desist order was issued against Gary A.Wyche of Vancouver for selling insurance without a license. Wyche surrendered his Washington state license on Sept. 28, 2006, in lieu of …
Nigeria’s Kano state and drugmaker Pfizer Inc have reached a final court settlement in a multi-billion-dollar lawsuit over a 1996 drug trial, lawyers for both parties said on Monday. The northern state of Kano sued the world’s largest drugmaker in …
Damage from Colorado’s hail and high winds on July 20 are adding up to an estimated $350 million in insured losses to homes and vehicles from approximately 52,400 claims, according to the Rocky Mountain Insurance Information Association. Golf ball-sized hail …
Five workers were treated for injuries after a steel wall in an Oroville (Calif.) Dam tunnel collapsed, shutting down water flow and electricity generation at the site. The Department of Water Resources says four workers received minor injuries and one …
The Colorado health department says six people are recovering after being hospitalized for salmonella that might be linked to a ground beef recall. Officials said 14 cases have been reported in the state overall. Eight did not require hospitalization. The …
Greensburg, Kan., which was nearly wiped off the map by a tornado two years ago, is famous for having the world’s largest hand-dug well and the world’s largest pallasite meteorite. Now it’s another tourist attraction, not those claims to fame, …
Producers are assessed damage to their crops over the weekend after hail storms pounded parts of west-central Nebraska last week. Hail destroyed soybeans in southern Dawson and eastern Frontier counties on the night of July 23. Marble- to golfball-sized hail …
A.M. Best Co. has revised the outlook to stable from positive and affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Taiwan’s Central Reinsurance Corporation. Best explained that the “revised outlook reflects the …
Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of state and federal courts in Louisiana and Mississippi. Almost four years after the fact, those courts remain flooded (pun intended) with lawsuits between insurers …
General liability carriers specializing in contractor insurance for builders and drywall subs are “sweating it out” over the potentially massive claims dollars that could be paid out in litigation, settlement, and adverse jury verdicts arising from Chinese drywall. However, due …