Hoping to speed up the pace of health care reform, the state insurance commissioner has stepped from the bureaucratic supporting cast with a big idea: take over the market for “catastrophic” insurance, guaranteeing Washingtonians have coverage in a health crisis. …
Development has surged in parts of the Big Island at high risk of being covered in lava ever since the state started providing homeowner’s insurance to such areas. The 15-year-old program provides more than 2,400 policies to homes that private …
North Carolina state and local law enforcement officers issued citations to 4,367 motorists for driving while impaired during the Holiday “Booze It & Lose It” campaign, according to Gov. Mike Easley. The campaign, which ran from Nov. 30, 2007, to …
In a decision sought by corporate America to stem the tide of securities lawsuits, the U.S. Supreme Court today pulled the plug on investors trying to sue some suppliers of a company whose stock price was inflated with the aid …
A.M. Best Co. indicated that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Verlan Fire Insurance Company of Silver Spring, MD, are unchanged following the recently announced definitive agreement by The Hanover …
Kansas Insurance Commissioner Sandy Praeger says her office collected a record $15.1 million last year for consumers in disputes with insurance companies. Praeger said the previous record was $13.6 million, set in 2005. The increase in recoveries for consumers occurred …
The Texas Department of Insurance Division of Workers’ Compensation will hold a public hearing on Feb. 4, 2008, regarding dispute of medical bills rules. The hearing will take place in the Tippy Foster Room at 7551 Metro Center Drive, Suite …
Oklahoma State Rep. Joe Dorman filed a measure for the upcoming legislative session that would make Oklahoma the 31st state to require cigarettes sold within the state to be so-called “fire-safe cigarettes,” which are also known as fire-standards-compliant cigarettes. If …
For now, at least, New York insurance brokers are not legally required to disclose to clients the commissions they earn on policies they place, according to a new legal opinion released by the state’s insurance department. But that could change …
More than $170 billion has evaporated from the balance sheets of companies around the world as the result of the meltdown of the U.S. subprime mortgage market, reports Advisen Ltd., a provider of technology and data to the global commercial …
