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Are Storm Shutters Unsafe?

Esther Mibab felt nervous in her home in The Acreage in West Pam Beach, Florida. So nervous that she kept her accordion-style hurricane shutters closed, even in the off-season. Closed and locked. From the outside. Authorities say that cost her … Continue reading

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Texas Jury Awards Municipal Utility $30M in Overcharge Case

A Central Texas jury has delivered a nearly $30 million verdict against the Lower Colorado River Authority. A Comal County jury returned the verdict in favor of New Braunfels Utilities. The Austin-based river authority manages water resources and provides electricity. … Continue reading

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N.Y. Announces $175M Fund to Cover Local Costs of Post-Sandy Rebuilding

New York Gov. Andrew Cuomo announced on Wednesday $175 million in funding to cover local governments’ costs to repair and rebuild infrastructure damaged by Superstorm Sandy. When participating in FEMA’s Public Assistance (PA) program, local governments and public entities are … Continue reading

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Pennsylvania’s MJB Financial Joins Iroquois Group

MJB Financial and Insurance Advisors in Drexel Hill, Penn., has joined The Iroquois Group network, according to Michael Brown, agency principal, and Iroquois. The agency joined Iroquois on July 17, according to the announcement. The Iroquois Group, which began in … Continue reading

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Bond Insurers: Fight Against Detroit Bankruptcy Plan to Continue

Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial Guaranty … Continue reading

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Cause of Blaze at North Dakota Oil Supply Company Unknown

More than half a day after an industrial fire broke out in the North Dakota oil patch town of Williston, N.D., authorities still were unable to say what caused the massive blaze. The fire, which started around midnight Monday and … Continue reading

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Ohio Workers’ Comp Agency Settles Overcharges Lawsuit

The Ohio Bureau of Workers’ Compensation has reached an agreement in principle to settle the San Allen case, a class action lawsuit filed in 2007 against the BWC over the pricing of workers’ comp policies that were in place between … Continue reading

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Ascent Increases U.S. Medical Billings E&O Limits, Adds Reputational Harm Cover

Ascent Underwriting, a managing general agent (MGA) specializing in emerging and professional risks, has enhanced its CyberPro medical billings errors and omissions product and increased limit availability to $5 million. The insurance product was launched at the end of last … Continue reading

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Workers Recover Personal Items From Washington Mudslide

Workers sifting through debris at the Oso mudslide in Washington are finding about 50 personal items a day. The Daily Herald reported they include books, photos, guns, computers and cameras. Some of the items belonged to the 43 people who … Continue reading

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Penn. Insurance Fraud Prevention Authority Appoints Executive Director

Thomas A. Donahue III The Pennsylvania Insurance Fraud Prevention Authority (IFPA) in Mechanicsburg, Penn., has appointed Thomas A. Donahue III as executive director, effective August 5. Donahue succeeds current Executive Director Ralph Burnham who plans to retire. Donahue began his … Continue reading

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