D&O Coverage in SEC Investigations
SEC informal investigations in securities laws whistleblower matters typically start with a “matter under inquiry” (MUI), which may be later be converted to a formal investigation. More serious matters may simply start at the full investigation stage. An article titled...
Medical Malpractice Insurance Carriers Consolidate
The Doctors Company, the nation’s largest insurer of physician and surgeon medical liability, announced today that it has agreed to purchase competitor FPIC Insurance Group Inc. Panel counsel for Doctors may be relieved to be on the side of the...
Dog Bite Insurance Claims for 2010
State Farm recently published a list of its top 10 states in terms of dog bite claims, as reported by the Insurance Journal. The number of State Farm claims, and the total claims cost, is indicated by state below. 1. California,...
U.S. Treasury Creates Insurance Advisory Committee
A Federal Advisory Committee on Insurance is being established by the U.S. Department of the Treasury. This is one in a series of steps being taken to form the new Federal Insurance Office (FIO). State and tribal insurance regulators will...
Property Insurance Overhaul Passes FL Senate
Fraudulent sinkhole claims and increased competition are the targets of legislation passed in the Florida Senate today, according to an Associated Press article posted on Forbes.com. Differences between the House and Senate version of the bill remain to be resolved.
Hancock Settles with California on Death Benefits
John Hancock Financial Services Inc. reached a settlement agreement with the State of California in response to charges that they avoided paying death benefits to widows and other qualifying beneficiaries. Hancock has since decided to take a proactive approach to...
Tornadoes Stir Up Insurance Claims
State Farm has received more than 15,000 claims from the tornadoes and severe storms that hit the Southern states last week, while Nationwide reports 14,200 claims in North Carolina, according to a Wall Street Journal article today titled, “Home Insurers...
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