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10, 2015
Albanese to Exit as New York’s Financial Regulator Before End of Year
The acting head of New York’s Department of Financial Services will step down before the end of the year, giving New York Governor Andrew Cuomo a run at reshaping a regulator that has levied billions of dollars of penalties against …
27
10, 2015
Southern California Utility Gets $400M Insurance Settlement over Closed Nuke
The operator of the defunct San Onofre nuclear power plant in Southern California announced that it reached a $400 million insurance settlement covering power outages caused by failed equipment, most of which will go to customers. The deal between Southern …
27
10, 2015
The Hartford Earnings Fall in Q3
The Hartford reported core earnings of $364 million for the three months ended Sept. 30, a 24 percent or $113 million decrease from core earnings of $477 million in third quarter 2014. The insurer said the decrease was principally due …
27
10, 2015
Outlook for Homeowners Insurance Market Improves: Aon
The outlook for the U.S. homeowners market has improved over last year thanks in part to rate increases and lower reinsurance costs, according to reinsurance intermediary Aon Benfield. A new report by Aon Benfield Analytics reveals that insurers’ expected after-tax …
27
10, 2015
Montana Bar to Blame for Woman Who Stole Truck And Died in Crash, Railway Says
BNSF Railway is suing a Whitefish, Mont. bar for allegedly over-serving a woman who stole a company truck and was killed when she crashed it into a tree. The Flathead Beacon reported the lawsuit claims Casey’s Bar & Casino is …
27
10, 2015
Fire Destroys Businesses in Illinois City; Draws Over 100 Firefighters
A fire destroyed several businesses in the central Illinois city of Farmington, drawing more than 100 firefighters to the scene. Demolition of the destroyed buildings started in the afternoon after the blaze early on Oct. 25. Businesses that were destroyed …
27
10, 2015
Hanover Offers Insurance Tips for New Car Shoppers
As new 2016 car models arrive and auto dealers clear their lots of 2015 models, shoppers planning to buy a new vehicle may want to consider updating their insurance policies to protect their purchases, The Hanover Insurance Group in Worcester, …
27
10, 2015
EPRMA Enhances Online Training for Employment Practices Risk Management
The Employment Practices Risk Management Association (EPRMA), based in Chicago, has enhanced its website (www.eprma.org), with three new employment practices training courses designed to help employers train senior staff on compliance issues and play a role in controlling the severity …
27
10, 2015
Texas Lawyer Indicted Over Allegedly False BP Spill Claims
Texas lawyer Mikal Watts has been indicted by a federal grand jury in Mississippi for allegedly filing false claims for thousands of Vietnamese fishermen seeking damages from the 2010 Gulf of Mexico oil spill, according to his attorney. The indictment couldn’t …
26
10, 2015
Louisiana Workers’ Comp Insurance Rates Set to Decline Again
Commissioner of Insurance Jim Donelon reports that Louisiana businesses are expected to see a decrease in their workers’ compensation rates in 2016. The National Council on Compensation Insurance (NCCI) recently proposed an overall decrease of 2.7 percent for Louisiana employers …