| 1. | Florida Homeowners to Share $55 Million in Chinese Drywall Settlement
Jun 14, 2011 -- Hundreds of Florida homeowners suffering with tainted Chinese drywall will share $55 million in a deal that also accuses a global drywall maker of lying about the product's safety, according to court documents. The settlement will be funded by ... |
| 2. | Four Californians Indicted in $17 Million Workers’ Comp Scheme
Jun 14, 2011 -- The Orange County, Calif., District Attorney's Office (OCDA) and California Department of Insurance (CDI) announced the indictment of a radiologist, a neurologist, and two co-defendants for a $17 million workers' compensation insurance ... |
| 3. | Michigan Insurer Questions FBI Story About Wrecked Ferrari
Jun 15, 2011 -- A Michigan insurance company suing to force the federal government to pay $750,000 for wrecking a rare Ferrari in Kentucky questioned whether it was simply an accident. Motors Insurance said its investigation showed the high-performance car was ... |
| 4. | Houston Jury Finds for Insurer in $22M Hail Damage Lawsuit
Jun 15, 2011 -- A jury in Houston, Texas, has found in favor of a property insurer in a lawsuit brought by a townhouse homeowners association over roof hail damage to 22 buildings. Summer Hill Village Community Association sued Colony Insurance for $22 million for ... |
| 5. | St. Paul Fire & Marine Sues Denver Broncos
Jun 10, 2011 -- St. Paul Fire & Marine Insurance has filed a lawsuit against the Denver Broncos and nine of its former players, saying its policies only covered claims in New Mexico for a "class of employee that did not include football players." According to ... |
| 6. | Commercial Insurance Prices Still Flat But Workers' Comp Moving Up
Jun 13, 2011 -- Commercial insurance prices were relatively flat for the ninth consecutive quarter, and new data confirm the deterioration of loss ratios in accident-year 2010. Price reductions continued for commercial property and management liability lines, ... |
| 7. | How Much Is a Dad Worth?
Jun 17, 2011 -- Fathers with day jobs would be paid about $34,000 while stay-at-home dads would earn about $60,000 a year, if being a dad came with a paycheck. No longer just babysitters, modern-day dads are putting in long hours performing various jobs on the home ... |
| 8. | Latest Christchurch Quake Caused Significant New Damage
Jun 15, 2011 -- Christchurch, New Zealand, still recovering from two previous earthquakes that struck in September 2010 and February 2011, was shaken by a series of strong tremors on Monday afternoon that caused significant new damage to already weakened buildings. ... |
| 9. | Hacking Blitz Drives Cyberinsurance Demand
Jun 15, 2011 -- The recent string of sensational hacker attacks is driving companies to seek ''cyberinsurance'' worth hundreds of millions of dollars, even though many policies can still leave them exposed to claims. Companies are having to enhance not just their ... |
| 10. | Allstate’s April-May Catastrophe Losses Top $2 Billion
Jun 16, 2011 -- Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it lost $2 billion in April and May from severe tornadoes and thunderstorms, nearly equaling its catastrophe losses for all of 2010. The devastating two-month period, taken ... |
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