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Insurance Journal » News
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N.Y. Compensation Insurance Rating Board Seeks 11.5% Rate Hike
The New York Compensation Insurance Rating Board (NYCIRB) has submitted to the Department of Financial Services on Thursday a loss-cost filing for an overall average loss cost change of +11.5 percent. The change in loss cost represents the anticipated cost …
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Court: Louisiana Cab Company President not Liable in Death Case
A court has ruled that the head of a Bossier City, La., taxi cab business cannot be held personally liable in a lawsuit over the death of a 12-year-old boy. The victim in the case was Justin Bloxom, whose body …
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Dean, Hanner, Richardson Named Corporate VPs at Arthur J. Gallagher
Arthur J. Gallagher & Co. has appointed Eric C. Dean, Jerome S. Hanner and Cara Richardson as corporate vice presidents. Dean joined the company in 2012 and has more than 30 years of business experience in various key technology functions. …
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A Year after Joplin Tornadoes, $2.16B in Insurance Claims Paid
The tornado that swept through Joplin, Mo., on May 22, 2011, has generated $2.16 billion in insurance claims payouts to Missouri policyholders, according to an Insurance Information Institute analysis of data from ISO’s Property Claims Service (PCS) and other sources. …
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Despite Grant, South Dakota Will Wait on Health Insurance Exchange
South Dakota has been awarded a $5.9 million federal grant to continue research into the possibility of a state-run health insurance exchange. But Gov. Dennis Daugaard says the state will continue to wait for the outcome of the lawsuit challenging …
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Family Sues California Mortuary Over Switched Bodies
A family is suing a mortuary over a body switch that resulted in a grandmother being buried in another woman’s clothes in a California cemetery instead of an above-ground crypt in Nicaragua. The lawsuit filed Wednesday by the 88-year-old woman’s …
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North Dakota Agent Accused of Creating Fake Policy Applications
North Dakota Insurance Commissioner Adam Hamm announced he has served a cease and desist order against Tim Everett, a Grand Forks area insurance agent who is alleged to have created fictitious insurance policy applications and to have been paid commissions …
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Crop Damage in Central California From Storm Tops $79M
San Joaquin Valley’s crop damage estimate from a hail storm last month has reached more than $79 million. The Fresno Bee reports that Kings County, among the hardest hit areas of the region, recently increased its damage estimate from $20 …
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