August 30, 2007

5th Circuit hands insurance companies victory on policy language

Biloxi Sun Herald - In a blow to policyholders Coastwide, the U.S. 5th Circuit Court of Appeals has upheld insurance policy language that voids coverage for a hurricane’s wind damage when it occurs along with destruction by tidal surge. In the Mississippi case of Read more

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August 28, 2007

OneBeacon Paid Lobbyist $100,000

Forbes - OneBeacon Insurance Group Ltd. paid Akin Gump Strauss Hauer & Feld LLP $100,000 to lobby the federal government, according to a disclosure form. The firm lobbied Congress on corporate related issues and deferred compensation, according to the form Read more

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August 26, 2007

Insurance chief denies knowledge of fraud

Financial Times - The former head of the collapsed Independent Insurance yesterday told a court he was kept in the dark about an alleged “black hole” of £50m in the company’s finances. Michael Bright, one of three former Independent executives being tried on fraud Read more

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August 23, 2007

Do Ulster motorists get fair deal on insurance?

Belfast Telegraph - Thousands of Ulster motorists are not getting their full insurance entitlement after accidents, it has been claimed. A locally-based management company has also revealed that the number of motor insurance disputes referred to the Financial Ombudsman Read more

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August 21, 2007

Business owners lament commercial insurance hikes

Cape Cod Times - Last November, Kevin Conlin opened the insurance bill for the Whalewalk Inn, the Eastham bed-and-breakfast he owns with his wife, and got an unpleasant surprise. The cost of insuring the 16-room inn for one year, Conlin said, had jumped from $14,000 Read more

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August 18, 2007

Pa. judge vows to seek re-election despite insurance scam charges

Philadelphia Inquirer - HARRISBURG, Pa. - Superior Court Judge Michael T. Joyce, the first state appellate judge to be charged with a crime in more than a decade, vowed to continue his campaign for another term despite a federal indictment that accuses him of cheating two Read more

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August 15, 2007

Bag the right insurance deal

Daily Telegraph - It’s been a summer of misery for many holidaymakers, what with baggage problems at Heathrow , delayed and cancelled flights following strikes and security threats and now a mysterious stomach bug in the Caribbean that has caused dozens of British Read more