Oklahoma House of Representatives Speaker Todd Hiett urged the state Senate to act now to pass what he called true lawsuit reform in the form of House Bill 2047, the Justice and Common Sense Act, which was recently passed by …
Workers compensation reforms proposed by Governor Brad Henry passed through the Oklahoma State Senate on a straight party-line vote, according to the Senate Communications Office. With Democrats backing the governor’s proposal and Republicans voting in opposition, Senate Bill 846 was …
A measure to ensure that Oklahoma homeowners do not receive a cancellation notice of their insurance after filing a claim and a bill to enable consumers to get defects with their newly built home repaired swiftly have cleared the Oklahoma …
The Horton Group of Orland Park, Ill., has announced a new facility to assist agents and brokers in the United States with placing and servicing property, casualty and employee benefit covers directly into the People’s Republic of China (PRC) marketplace. …
U.S. business leaders came out in force this week to urge renewal of the federal Terrorism Risk Insurance Act and warn that market restrictions on terror insurance coverage are already beginning to be felt in the marketplace, 10 months before …
A compromise agreement approving a 2.2 percent average statewide homeowners premium increase has been reached between the North Carolina Insurance Commission and the North Carolina Rate Bureau. The Bureau, an independent organization representing homeowners insurance companies in the state, initially …
Boston, Mass.-based OneBeacon Insurance Group has redesigned its Web site to provide more comprehensive access to products and services for customers, prospective employees and its agency partners. The new site features detailed information on the company’s specialty, commercial and personal …
A.M. Best Co. announced that it has affirmed the Best’s Syndicate Rating of “A+” (Superior) and issuer credit rating of “aa-” of Lloyd’s Syndicate 1414 with a stable outlook. Best explained that the “action resolves the under review status under …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of French reinsurer Caisse Centrale de Reassurance (CCR) with a stable outlook. “The ratings reflect A.M. Best’s opinion …
In response to a call by the Florida’s Chief Financial Officer Tom Gallagher, Gov. Jeb Bush and the Cabinet has approved an emergency rule to expedite the resolution of open claims from last year’s tropical storm and four hurricanes. The …
