Renewal of the federal Terrorism Risk Insurance Extension Act is “very, very important” for the District of Columbia, yet a federal government plan to help cover natural disasters would be unfair, in the eyes of the insurance regulator who works …
The New York State Senate and Assembly on Tuesday passed legislation its bipartisan backers hope will significantly reform the state’s workers’ compensation system and save employers as much as $1 billion. The bill aims to reduce employer costs, which are …
Louisiana Commissioner of Insurance Jim Donelon has ordered Allstate to scrap its property inspection process that led to the cancellation of more than 4,700 homeowners policies and reinstate coverage on those homeowners who got a notice of cancellation as a …
Swiss Re’s Commercial Insurance launched a new product for excess layer coverage for law firms. The expanded coverage is designed to follow the form of the underlying policy, features a broad range of attachment points and is available in all …
GEICO Insurance plans to add 100 workers to its Coralville, Iowa office, the company announced this week. The new jobs will be entry-level sales and service jobs, said Dina Pon, manager of GEICO insurance in Coralville. The company already employs …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during January. The actions include nine license revocations, two license denials and fines and restitution totaling $887,707. Copies of Geeslin’s orders may be obtained …
House GOP legislation that increases common sense practices in Oklahoma’s judicial system by creating special business courts passed a vote of the House Judiciary and Public Safety Committee, the state House of Representatives reported. House Bill 2106, by House Speaker …
A proposal pending in the Oklahoma Senate would allow authorities to seize the vehicles of motorists who fail to show proof of liability insurance during a traffic stop. State Sen. Patrick Anderson, R-Enid, thinks the proposal will help remove uninsured …
Texas Commissioner of Workers’ Compensation Albert Betts recently named Howard L. Smith, M.D., as medical advisor for the Texas Department of Insurance (TDI), Division of Workers’ Compensation (Division). Dr. Smith has been a practicing physician since 1985, specializing in brain …
The final tally for the cost of claims from Hurricane Rita in both Louisiana and Texas came to $5.8 billion. Hurricane Rita’s 120 mile per hour winds plowed into the Texas/Louisiana border on Sept. 24, 2005, one month after Hurricane …
