June 27, 2007
Iowa Gov. Chet Culver’s request for federal aid to help eastern Iowa recover from a tornado earlier this month has been denied. The twister hit June 1, causing an estimated $2.7 million in damage as it churned a path of …
June 27, 2007
The staggering amount of personal information contained on a stolen state computer tape has worried Ohio residents and led Gov. Ted Strickland to call nearly daily briefings since the device was stolen a week ago. But the sheer amount of …
June 27, 2007
The state catastrophe fund that pays damage claims when home insurers cannot is “leaning against” buying additional backup coverage for itself, because the cost would outweigh the need, Florida’s chief financial officer said Monday. The extra reinsurance for the Hurricane …
June 27, 2007
Deputy Insurance Commissioner Lee Harrell testified before a Congressional sub-committee Tuesday on the problems Mississippi faces regarding the spread of abusive Medicare insurance sales practices. Harrell was joined by fellow state regulators Commissioner Kim Holland of Oklahoma, and Commissioner Jim …
June 27, 2007
If Louisiana Gov. Kathleen Blanco is offering $100 million to insurance companies, then homeowners deserve a $93 million tax break on the premiums they’ve paid since the 2005 hurricanes, the Senate voted June 25. Senators approved Blanco’s financial incentive plan, …
June 27, 2007
Colemont Insurance Brokers of Texas announced the addition of Rob Cahill as a casualty broker in the Dallas office on Terry Moody’s team. At Colemont, Cahill will specialize in construction casualty, but will also place a wide range of other …
June 27, 2007
The Arizona Supreme Court announced it will be reviewing a product liability case in which a lower court decided that all parties in a distribution chain could not be sued equally. At issue in the case, State Farm Insurance v. …
June 27, 2007
In Miami, Florida Governor Charlie Crist ceremonially signed legislation to continue insurance reforms by freezing Citizens Property Insurance rates and implementing additional measures he said will help stabilize the insurance market. Senate Bill 2498 freezes Citizens Property Insurance Corp. rates …
June 27, 2007
The Florida Coalition for Preservation has asked Secretary Thomas Pelham of the Florida Department of Community Affairs to consider a host of costs that will be borne by taxpayers if the agency accepts the “irresponsible” redevelopment plan proposed at Briny …
June 27, 2007
Florida Insurance Commissioner Kevin McCarty recently announced new staff changes for the Florida Office of Insurance Regulation. “The new additions to our management team give the Office an exceptional combination of experience, talent, and expertise; these outstanding professionals will give …