Monthly Archives: <span>February 2008</span>

Study: Subprime Mortgage Lawsuits Outpacing Savings & Loan Crisis

The number of subprime-related lawsuits filed in federal courts is dramatically outpacing the savings and loan litigation of the early 1990s. That’s accordng to a study by Chicago-based Navigant Consulting, Inc. According to the Navigant study, the number of subprime-related …

Ky.: Riggs Resigns from Manufactured Home Licensure Board

Kentucky Gov. Steve Beshear appointed Hargis Epperson as a member of the Manufactured Home Certification and Licensure Board. Epperson, 46, of Jackson, is currently a general manager at Clayton Homes. He replaces Michelle E. Riggs, who has resigned. The appointment …

New A.M. Best Reports Written to Help Consumers Evaluate Insurers

The insurance ratings organization A.M. Best Co. has released reports it says will help buyers of insurance learn about insurers’ rating histories and their financial strengths. These consumer-oriented reports — called AMB Credit Reports – promise insight on auto, home …

N.C. Gov. Probes State’s Manufactured Housing Industry

North Carolina Gov. Mike Easley asked the head of the state’s manufactured housing industry group for information and help to ensure North Carolina residents living in manufactured homes are safe from any health threats due to toxic chemicals in the …

Road Fatalities Down in Delaware

Authorities say stronger law enforcement has helped reduce traffic fatalities on Delaware roads. The state Office of Highway Safety says there were 118 fatalities last year, down 20 percent from 147 in 2006. State police attributed the decline in part …

Mass. Health Insurance Law Lowering Emergency Room Visits

A new report shows that a key goal of the Massachusetts landmark health care law is being met. The law was designed to mandate health care for nearly all Massachusetts citizens, in part by offering subsidized insurance programs to poor …

8 Additional Tennessee Counties Approved For Federal Disaster Aid

The federal government authorized a major disaster declaration for eight additional storm-affected Tennessee counties, according to Gov.Phil Bredesen. Benton, Hickman, Houston, Lewis, Montgomery, Perry, Trousdale and Williamson Counties will receive federal funding to assist individuals and businesses affected by the …

Progressive Receives U.S. Patent for Concierge Claims Service

Progressive Insurance reports it has received a U.S. patent for one of its methods of processing vehicle damage claims, which it calls its concierge level of claims service. With this service, Progressive takes responsibility for the entire vehicle claims/repair process …

Commerce Insurance Shareholders Approve Sale to Spain’s Mapfre

Shareolders of The Commerce Group, Inc. voted at a special meeting this week to approve the Oct. 30, 2007 agreement for the acquisition of the company by Mapfre S.A. The company said 88 percent voted to approve the deal. Completion …

W. Va. Insurance Commissioner Says Employer Owes the State Money

W. Va. Insurance Commissioner, Jane L. Cline announced that a West Hamlin man who was indicted on several felony counts of workers’ compensation fraud, pleaded guilty to the charges in Kanawha County Circuit Court. Cline said Chalmer G. Elkins, 52, …