insurance coverage News

21 States to Consider Electronic Proof of Insurance Coverage Legislation

With almost half of state legislatures in the country likely to consider changing their laws to allow drivers to use their cell phones to show their insurance identification card in order to prove they are insured, electronic proof of coverage …

Virginia Agent Arrested for Allegedly Embezzling Premium Payments

Virginia authorities announced a local insurance agent is facing a handful of federal charges related to fraud. Graham Hutson Messer, 32, of Bremo Bluff, Va., was charged in a sealed indictment returned Sept.12, 2012 and unsealed last week following the …

Insurer Must Defend Wisconsin ‘Junk’ Fax Lawsuit

A state appeals court says a Milwaukee, Wis., heating and air conditioning company’s insurance provider must defend a lawsuit accusing the company of sending out an unsolicited “junk” fax. Atlas Heating and Sheet Metal Works, Inc. sent a fax advertisement …

Severe Weather Damages Oklahoma High School

Officials say severe weather that tore through Lawton, Okla., on Memorial Day caused up to $400,000 in damages to a high school. Superintendent Barry Beauchamp says the storms seriously damaged the gymnasium at MacArthur High School. The superintendent tells Lawton …

West Virginia Officials Grapple With Crumbling Mausoleum

Charleston, W.Va., officials are deciding how best to renovate the mausoleum at historic Spring Hill Cemetery. The mausoleum is listed on the National Register of Historic Places. The roof of the 102-year-old Moorish style structure was severely damaged in a …

Nevada Air Race Organizers Get Approval to Continue Event

Organizers of the Reno National Championship Air Races, in Nevada, cleared a major hurdle Thursday in their bid to continue the annual event this fall, winning approval of a special one-year permit and moving closer to securing the necessary $100 …

Wyoming Capitol Dome Repairs Could Cost up to $1M

Officials estimate it will cost close to $1 million to repair the State Capitol dome in Cheyenne, Wyo. The state would be responsible for about half that amount, with insurance covering the rest. State deputy construction manager Phil Kinder says …

Survey Finds More Directors and Officers Inquiring About D&O Insurance Coverage

An increasing number of corporate directors and officers are showing more interest in the insurance programs their companies use to protect them against potential litigation, an indication they are growing concerned over the wide range of exposures confronting them, according …

MF Global Judge to Examine Insurance for Ex-Execs

The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers. Opponents of the plan to cover former executives, …

Risk Managers Find Santa Exposed, Urge $1 Billion Coverage Plan

Santa Claus will need a lot more than milk and cookies this Christmas—he’ll need about $1.2 million to pay for insurance coverage. That will buy him peace of mind and about $1.175 billion in coverage for all of the exposures …