The ACT bushfires have become Australia’s second worst bushfire disaster behind Victoria’s 1983 Ash Wednesday and the eighth worst natural disaster in Australia since 1967 with insured losses topping A$250 million, according to the Insurance Disaster Response Organization. IDRO National …
Ohio Insurance Director Ann Womer Benjamin has praised the recent decision of the Eighth District Court of Appeals in Cuyahoga County, which provides protection to Ohio insurance consumers and defends Mayfield Village-based Progressive Insurance Company from a national class action …
Ohio Insurance Director Ann Womer Benjamin, acting in her capacity as liquidator of Cleveland-based health insurer Renaissance Health Plan, Inc., has sued 12 former officers and directors of the former insurer. The eight-count civil complaint filed in the Franklin County …
Insurance Technologies Corporation, a provider of new business rating solutions for personal lines agencies and insurance companies, has completed the addition of a undisclosed driver database to their comparative auto rating system in the state of Texas. The new feature …
New York Superintendent of Insurance Gregory Serio announced the arrest of Carol Evans, an agent formerly employed by the Walter Will Agency based in West Winfield, N.Y. Evans is accused of grand larceny for allegedly stealing numerous refund checks issued …
Chattem Inc. a marketer and manufacturer of brand consumer products based in Chattanooga, Tenn., recently retained Atlanta’s Crawford & Company to manage certain of its product liability exposures. “We are pleased to have been chosen by Chattem,” Grover Davis, chairman …
The Kentucky Supreme Court, overturning a lower court ruling, voted 4 to 3 to maintain the longstanding exclusive remedy doctrine underpinning the state’s workers’ compensation system. The court’s decision in Reker v. Travelers Indemnity Company brought immediate praise from the …
Bermuda-based AXIS Capital Holdings Limited and the Kemper Insurance Group announced that AXIS’ U.S. subsidiary has agreed to acquire the renewal rights to the D&O and related product lines written by Kemper’s Financial Insurance Solutions (FIS) Group. Under the agreement …
Virginia’s State Corporation Commission (SCC) announced that it has been appointed as receiver by the Circuit Court of the City of Richmond for Reciprocal of America (ROA) and the company’s attorney-in-fact, The Reciprocal Group (TRG). The decision follows an examination …
Risk Management Solutions, Inc. (RMS), a provider of products and services for catastrophe risk management, has released an in-depth study, revealing the costs to the U.K. insurance industry if an event were to occur today, similar to the catastrophic event …