The Mississippi Legislature is considering raising automobile liability limits, which could increase insurance premiums in the state. The Mississippi House and Senate each passed legislation that for the first time since 1972 increased the minimum coverage required. Both versions differ …
The Alabama Veterans of Foreign Wars will receive a reimbursement of $42,000, which will be distributed to VFW posts state-wide, due to a lawsuit settlement with the Alabama Insurance Commission. The AIC lawsuit claimed that the VFW violated state regulations …
United Health-care Insurance Co. has been fined $5,000 by the Georgia Insurance Commission for withholding records requested by department examiners. The company could face additional penalties of up to $5,000 for each document subsequently withheld from the department. Insurance Commissioner …
The North Carolina Senate is again considering legislation to cap jury awards in medical malpractice lawsuits. Sen. Robert Pittenger, R-Mecklenburg, a cap proponent, said limiting damages is an effective way to reduce premiums, which are skyrocketing in many states. The …
The North Carolina Department of Insurance doubts new methodology used by the North Carolina Rate Bureau, which has just requested an 11.5 percent statewide increase in private auto insurance rates. NCRB is an independent organization representing in-state auto insurance companies. …
The State Farm Insurance Bank is in a turf war, which pits North Carolina regulators against the federal Office of Thrift Supervision to determine who has jurisdiction over State Farm’s sale of $100,000-plus “Jumbo CDs.” In the meantime, State Farm …
With damage estimates after last year’s hurricanes approaching $300 million, Gov. Mike Easley has asked legislators to approve the expenditure of $61 million from the North Carolina Rainy Day Fund. Easley’s office has allocated or spent both state and federal …
South Carolina Gov. Mark Sanford has chosen Eleanor Kitzman, founder and past president of Driver’s Choice Insurance Services of Columbia, to head South Carolina’s Insurance Department. Kitzman has been active in the South Carolina insurance industry, and a member of …
Homeowners eligible to receive compensation for multiple hurricane deducti-bles have been called on by Florida’s CFO Tom Gallagher to file their applications for relief so they are received in Tallahassee before March 1. The Multiple Deductible Reimbursement Program was formed …
Rising property prices and a healthy economy after the election year have encouraged competition for casualty business. Although account size is sometimes a factor in the directions prices move, E&S specialists say they are doing fine selling to a large …
