The National Association of Professional Insurance Agents (PIA) has a new market for insurance agents’ Errors and Omissions (E&O) insurance through Lloyd’s, London – utilizing Lighthouse Underwriters, LLC (a member company of U.S. Risk Insurance Group, Inc.) as the preferred …
Lawyers for three former lead paint manufacturers found liable for creating a public nuisance asked a judge Wednesday to dismiss the state of Rhode Island’s lawsuit against them or order a new trial, saying the state failed to provide enough …
Independent Insurance Agents of Texas announced it has proposed a set of guiding principles before the Texas Legislature’s Joint Committee on Windstorm Coverage and Budget Impact during a public hearing in Corpus Christi. The committee is exploring solutions for restructuring …
The $50 million (euro39 million) compensatory damage award in a federal Vioxx case this month was “grossly excessive,” and a new trial must be held to decide damages for a retired FBI agent who suffered a heart attack after taking …
The union representing Starbucks Corp. workers said yesterday that employees of a Chicago store have declared their membership, becoming the first unionized employees outside New York City of the world’s largest coffee chain. The baristas at the Logan Square Starbucks …
Sequoia Insurance Co., a multi-line property and casualty insurer serving the western United States has deployed a new Web-based claims processing center, Guidewire ClaimCenter. Currently, the system supports personal and BOP lines of business. Additional phases currently underway will support …
The Association of California Insurance Companies’ (ACIC) has sent an opposition letter to SB 832, a late end-of-session development, to members of the Assembly. According to ACIC, the bill would grant, for the first time, most of the punitive damage …
The town of Burns, Wyo., is considering disbanding its Board of Public Utilities over a dispute over a sewage backup that flooded a family’s basement. The Burns Town Council voted 3-2 on Aug. 17 to draft an ordinance to repeal …
Faced with high gas prices, low trade-in values and other economic pressures, some people are setting fire to their cars and reporting them stolen in hopes of collecting insurance, business and law-enforcement experts say. “The sharp spike in gas prices …
Washington Democrats and Safeco Corp. are battling over the company’s use of credit scores in canceling policies while Republican U.S. Senate candidate Mike McGavick was chief executive. The skirmish has moved to Thurston County Superior Court, where Safeco is resisting …