Lawmakers are expected to wrap up the 2005-06 session this week. Among the bills acted on and sent to Gov. Jennifer Granholm for her consideration this week: Bills that would allow an automobile insurer to offer a premium discount to …
Texas Mutual Insurance Company reported that seven individuals were indicted, in separate cases, in Travis County on workers’ compensation fraud-related charges. The individuals allegedly collected a combined $31,358 in workers’ comp benefits they were not entitled to. All seven cases …
Oklahoma’s first ethanol plant has received the state permit and insurance it needs to operate. Spaceport Fuel in Burns Flat is to reach full production by Feb. 1. Oklahoma Agricultural Secretary Terry Peach has provided the company a permit for …
Louisiana homeowners deserve a rebate for the property insurance fees they pay to bail out the state-run insurance company, members of the state’s House of Representatives decided Dec. 13. The measure, by Rep. Taylor Townsend, means homeowners will get a …
Employees at Ohio’s insurance fund for injured workers struggled with pushy lawmakers and threats by businesses to involve the governor as they decided premium rates for certain Ohio businesses, newly released documents show. “Please note that employer may write to …
A coalition of data security firms has renewed its call for Congress to protect personal information in cyberspace and help Americans trying to deal witht he risk on their own. The businesses warn that the decline in consumer confidence in …
Iowa motorists’ ability to avoid accidents has made the state one of the cheapest place to buy auto insurance, an industry report says. A survey by the National Association of Insurance Commissioners, found that in 2003-04 Iowa drivers paid an …
A New York business owner faces charges of insurance fraud following his arrest by Manhattan District Attorney Robert Morgenthau’s office for allegedly defrauding the New York State Insurance Fund of more than $200,000 in premium on his workers’ compensation policy. …
Bermuda-based Max Re Capital Ltd. announced plans to establish a U.S.-based excess and surplus lines platform. The new entity will “will complement the company’s existing insurance and reinsurance operations based in Bermuda and Dublin, Ireland,” said the bulletin. Max Re …
A.M. Best Co. commented that the ratings of UK-based Brit Insurance Limited (BIL), Brit Insurance Holdings PLC (BIH) and BIH’s debt issues “remain unchanged following BIH’s announcement that it has signed contracts for the launch of a specialist Bermuda-based reinsurance …
