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Insurance Stories

British Insurers’ Proposals Target Whiplash Claims

Anyone claiming whiplash injury should be required to undergo examination by an accredited medical expert under proposals being pushed by the Association of British Insurers (ABI). According to the organization, everyday 1,500 people claim whiplash injury. Reported whiplash has risen … Continue reading

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SEC Testing ‘Customized’ Punishments

The U.S. Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite. Criticized for its traditional practice of a broad ban on wrongdoers breaking … Continue reading

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The Hanover, OMS National Offer P/C Program to OMS Surgeons

The Hanover Insurance Group has joined forces with OMS National Insurance Co., RRG (OMSNIC) to offer a program of  property/casualty insurance products to OMSNIC’s insured oral and maxillofacial surgeons (OMS). The Hanover’s products will be distributed through OMSNIC and The … Continue reading

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Court Upholds Florida Sinkhole Insurance Loss Rule

A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the Office of Insurance Regulation to approve an amendment … Continue reading

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Washington Could Take Over More State Health Exchanges

The U.S. government could have to run more state health insurance exchanges than expected under President Barack Obama’s healthcare law, if U.S. states pursuing their own marketplaces cannot complete them on time, a senior official said on Thursday. The Obama … Continue reading

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AIG Names Cummings as Vice President, Controller

American International Group Inc. has named Don Cummings as vice president and controller. He will assume responsibilities for the global controller unit, reporting to Jeffrey Farber, AIG deputy chief financial officer. Cummings will also oversee the controller units of the … Continue reading

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More Clients Buying, Increasing Cyber Insurance: Marsh

More companies are buying cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a report by global broker Marsh. The number of Marsh US clients purchasing cyber insurance increased 33 … Continue reading

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South Carolina Judge Throws Out DUI Over Police ‘Blow Hard’ Order

A defense lawyer says a ruling by a Columbia city judge could affect driving under the influence cases across South Carolina. The judge threw out breath test results because the police officer told the suspect to blow hard into the … Continue reading

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Fireman’s Fund Names VPs of Programs and Professional Liability

NOVATO, Calif.-based Fireman’s Fund Insurance Co. named Jay Dipasupil to vice president of programs, and Dan Reed to vice president of professional liability. Dipasupil will lead Fireman’s Fund’s programs business. He will be responsible for providing strategic and operational direction … Continue reading

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California Senator Proposes 4 a.m Last Call for Alcohol

Last call at California restaurants, bars and nightclubs could come later under legislation proposed by a state senator from San Francisco. Sen. Mark Leno’s bill would allow cities and counties to petition state alcohol regulators to allow alcohol service until … Continue reading

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