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Exposing Insurance Frauds Saves UK Customers $5.588 Million a Day: ABI Study
The Association of British Insurers (ABI) has published figures showing that £3.6 million [$5.588 Million] a day is being “saved by exposing insurance cheats.” It is only one of the “factors helping to keep the cost of insurance down for …
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Nautilus Expands Contractors Program, Reduces Rates
Nautilus Insurance, a W. R. Berkley Co., has enhanced its general liability product offering for contractors, while also expanding product availability to all states except Colorado and New York. Nautilus Insurance writes on behalf of Nautilus Insurance Co. and Great …
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Bankruptcy Judge Approves $2.5M Cleanup Deal in West Virginia Spill Case
A bankruptcy judge has approved a $2.5 million deal involving the cleanup of a massive 2014 chemical spill in West Virginia. The order July 8 by U.S. Bankruptcy Judge Ronald Pearson says the agreement is in the best interests of …
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Law Firms Face Large Malpractice Claims as Risks Grow: Study
As law firms adjust to the realities of the current business environment, they continue to fall victim to malpractice claims, which can be costly to defend and may result in enduring reputational damage. A new study by insurance broker Ames …
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South Carolina High Court Further Reduces Penalty on Janssen Pharmaceuticals
South Carolina’s highest court further reduced the penalty against a Johnson & Johnson subsidiary accused of deceptive marketing of an anti-psychotic drug. The decision was to substitute the same verdict the court reached in February in order to correct a …
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Keystone Adds 3 Missouri Agencies to Network
Keystone Insurers Group added three new partners in Missouri. The partners are: Jerome L. Howe Inc. of St. Louis; Schroepfer Bauer Insurance Agency of Union; and Custom Insurance Services Inc. of Crystal City. Jerome L. Howe offers insurance and benefits …
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Insurance Managers Association of Cayman Appoints Deputy Head of Insurance
The Insurance Managers Association of Cayman (IMAC) has appointed Razaak “Raz” Busari as deputy head of the Insurance Supervision Division. Busari officially started in his post June 22, 2015, bringing with him more than 15 years of experience and expertise …
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Ohio Workers’ Comp Bureau Begins Overcharge Repayments
The Ohio Bureau of Workers’ Compensation has paid hundreds of millions to state employers overcharged for insurance premiums and has dropped its appeal of a decision that led to the payments. The Ohio Supreme Court granted bureau administrator Steve Buehrer’s …
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Blue Bell to Test New Quality-Control, Safety Procedures at Alabama Plant
Blue Bell Creameries said July 8 that it plans to test production runs at its Alabama plant as the company inches toward putting its ice cream back on grocery store shelves. Blue Bell notified Alabama health officials and the …
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N.Y. Court: Insurer’s $5M Flood Sub-Limit Applies to Delay-in-Completion Loss
The New York Supreme Court’s Appellate Division affirmed that a $5 million flood sub-limit in a builders risk policy that Zurich American Insurance issued to a New York property developer applies to the delay-in-completion losses by the flood peril after …
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