The Coalition Against Insurance Fraud has reported that South Dakota Governor Mike Rounds recently signed a bill, HB 1058, requiring the insurance division to finish investigations of anyone in the insurance business within two years. The state’s revenue department, which …
Carmel, Ind.-based Oak Street Funding has named Brad Coffin as its manager of sales and marketing. Oak Street Funding provides capital to insurance agencies for the purposes of including capital improvements, acquisitions and the purchase of additional customer policies. According …
Utah Insurance Commissioner Kent Michie has appointed two new directors, created a new division and combined two other divisions. “The main thrust of these changes has been to create a new Market Conduct Division,” reported Commissioner Michie. “This follows the …
Texas home insurers turned substantial profits last year despite Hurricane Rita’s destruction, prompting state regulators to question whether some companies’ rates are too high, the Associated Press reported. Most of the state’s home insurance companies posted big earnings in 2005, …
The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) Governing Committee has approved the filing of a 16.4 percent decrease in advisory pure premium rates to be effective July 1, 2006, on new and renewal policies with anniversary rating dates …
A Portland, Maine jury ordered a Seattle law firm to pay $10.8 million for dumping one set of clients for a more lucrative class-action case. Jurors will return to federal court next week to settle the issue of punitive damages. …
A New York woman who was living in Brooklyn when Hurricane Katrina struck has been charged with grand larceny for allegedly claiming she lived in Mississippi and was a victim of the storm, prosecutors said Thursday. Authorities also charged Donna …
Federal monitors have formed a task force to investigate discharges of radioactive tritium-laced water at several power plants across the nation, including one at the Palo Verde Nuclear Generating Station west of Phoenix, Ariz. Tritium, a byproduct of nuclear power …
Dr. Richard Mandsager was in Juneau, Alaska, last week urging legislators to fund a stockpile of the anti-viral drug Tamiflu for Alaskans — just in case a flu pandemic hits. Questions remain whether Tamiflu will be effective against the H5N1 …
Since the Exxon Valdez caused the worst oil spill in the nation’s history, tankers that ship Alaska’s crude oil to the West Coast have become stronger, with double hulls and redundant operating systems for safety. Two escort vessels guide the …
