May 12, 2008
The Texas Department of Insurance (TDI), the Office of Public Insurance Counsel (OPIC) and Allstate Texas Lloyd’s (Allstate) have reached agreement to settle all outstanding litigation with respect to homeowners insurance issues that date back as far as Dec. 1, …
May 12, 2008
Montana State Auditor John Morrison will represent U.S. insurance regulators in the U.S.-China Insurance Dialogues in Hangzhou, China, this week. The dialogues, part of trade negotiations between the two countries, are being held May 15-16. Morrison will be joined by …
May 12, 2008
Hawaii Insurance Commissioner J.P. Schmidt announced the formation of a partnership between Argo Group US and First Insurance Company of Hawai’i (FICOH). The new joint venture will offer hurricane insurance to First Insurance homeowners and dwelling fire policyholders. Argo Group …
May 12, 2008
The U.S. Supreme Court Monday affirmed a ruling that apartheid victims who seek damages exceeding $400 billion from more than 50 major corporations can go forward with their lawsuits. With four justices recused from the case and therefore lacking a …
May 12, 2008
Category K-4 tornadoes that cut across three states on Saturday (May 10) night killed 15 people in southwestern Missouri. The hardest areas hit were in rural southwestern Missouri about eight miles north of Senaca and 10 miles south of Joplin, …
May 12, 2008
Workers’ compensation costs per claim in Louisiana were 28 percent higher than the median of 14 study states for a similar set of 2003/2006 claims, according to a new study by the Cambridge, Mass.-based Workers Compensation Research Institute (WCRI). All …
May 12, 2008
Dr. Anna Pou — the cancer surgeon charged with murder after Hurricane Katrina hit New Orleans — and her attorney are spearheading three bills in the Louisiana Legislature aimed at protecting medical personnel in future disasters. “What happened to Dr. …
May 12, 2008
As promised, Oklahoma Gov. Brad Henry has vetoed lawsuit reform legislation he said conflicts with an Oklahoma Supreme Court decision on a similar bill that the court found unconstitutional two years ago. Henry issued the veto two days after the …
May 12, 2008
City officials say keeping the Mississippi River from causing extensive damage and cleaning up flooded areas has cost the city $735,000 so far. The figure includes overtime for city workers who scrambled to build an earthen dike, fill sandbags and …
May 12, 2008
The Alabama Legislature has passed a bill that will allow captive insurance companies to sell residential insurance along the Alabama coast. The House and Senate voted without dissent May 8 to give final approval to changes in the bill sponsored …