Insurers recently asked state regulators to oppose a bill pending in Congress that would eliminate the exemption insurers currently receive from some federal antitrust laws. At the National Association of Insurance Commissioners’ (NAIC) meeting in San Francisco, the Property Casualty …
Consumer advocates have filed a challenge to block a proposed 25 percent increase in Fireman’s Fund’s earthquake insurance rates in a move that they say could save each of the company’s earthquake customers $356 a year. The nonprofit Foundation for …
California’s Alliance of Insurance Agents and Brokers has issued a statement, criticizing the Risk and Insurance Management Society’s support of eliminating contingent commissions. In May, RIMS called contingent commissions “an inherent conflict of interest” and noted it was disappointed that …
San Diego County Superior Court Judge Fred McGuire has ordered a San Diego construction firm owner to pay the California State Compensation Insurance Fund $113,327 in restitution for defrauding the workers’ compensation insurance carrier; and, $60,000 to the State Economic …
The Oregon Department of Consumer and Business Services (DCBS) has fined a former executive of insurance broker Marsh USA Inc. for her role in overcharging public entities for insurance coverage. Debora A. Leopold-Hutchins, who was fined $6,000, is the last …
Hattiesburg’s Gulf States Creosote Plant shut its doors nearly 50 years ago, but the clean up of creosote continues. Environmental activists and property owners are far from satisfied with the project, said Sherri Jones, organizer of the Forrest County Environmental …
The former owner and president of an insurance company has been sentenced to three and a half years in federal prison after he was convicted on forgery charges. Jay Morris Specter, 51, of Columbia, S.C., was convicted in January on …
State Farm Fire & Casualty Co. was scheduled to be back in federal court in Gulfport, Miss., on Monday in a lawsuit filed by a Pass Christian homeowner over damages from Hurricane Katrina. The lawsuit was filed by Michael McCoy …
Casino owners in South Mississippi were scheduled to meet Monday with the state Gaming Commission, local government officials and emergency personnel to ensure plans are in place if a hurricane targets the Gulf Coast. The annual meeting was to be …
Seattle-based Safeco has launched Teensurance, a bundle of online tools and other services for teen drivers. The new offering will be available to consumers nationwide beginning June 27, 2007. Safeco customers with auto insurance policies can register for Teensurance and …
