Connecticut Gov. John Rowland (R) has signed into law important legislation to create a terrorism exclusion in the state’s Standard Fire Policy (SFP). The American Insurance Association (AIA), among other industr groups, advocated for the legislation. “At a time when …
A recently released study by the Institute of Medicine of the National Academies (IOM) supports the finding in previous reports by the Centers for Disease Control and Prevention, the Texas Medical Association, and the American College of Occupational and Environmental …
Legislation limiting asbestos and silica lawsuits passed the full House this week and now moves to Gov. Bob Taft’s desk for his signature. House Bill 292 and HB 342 would make Ohio the first state to adopt medical criteria for …
A bill that would reportedly assure that policyholders of insolvent insurance companies would have their claims paid according to the agreed-upon deductible amounts under their policies passed the Pennsylvania House unanimously today. Senate Bill 815 now moves to the Senate, …
New York Governor George Pataki announced a Holocaust-era painting recovery negotiated by the Holocaust Claims Processing Office (HCPO) of the New York State Banking Department. The recovery of Portrait of Jean d’Albon by Corneille De Lyon, follows the announcement of …
New York Attorney General Eliot Spitzer announced a lawsuit seeking to permanently shut down a Steuben County motor home dealer accused of defrauding consumers through various illegal financial dealings. Gordon A. Hakes, owner of Painted Post Car Mart Truck and …
With the Des Plaines River expected to crest at record heights later this week and reports of flooding increasing, Illinois Attorney General Lisa Madigan warned homeowners and businesses to protect themselves from repair scam artists eager to make money in …
Ohio-based ProCentury Corp. announced that A.M. Best has affirmed the A- (Excellent) rating of its wholly owned subsidiary, Century Surety Company. This rating is based on A.M. Best’s independent opinion of the Century Surety’s financial strength, operating performance, and ability …
A Baton Rouge, Louisiana man has been taken into custody for selling Rolex watches he was hired to repair. The victims include citizens and jewelry stores all over the state. According to agents with Attorney General Charles Foti’s office, Johnny …
Louisiana Commissioner of Insurance Robert Wooley said checking all of one’s property insurance policies now could help save them from financial ruin during the hurricane season that begins June 1 and stays through November. “We get a little lax when …