A resolution calling for a vote of the people to determine if gubernatorial Workers’ Compensation Court appointments in Oklahoma should require Senate confirmation passed a House Committee, the state House of Representatives reported. The change called for in House Joint …
The Oklahoma Senate Appropriations Committee has approved legislation that would lower the legal blood alcohol concentration limit for the offense of boating under the influence from 0.10 percent to 0.08 percent. Senate Bill 902 by Sen. Bill Brown would also …
Russell R. Oliver, president of Texas Mutual Insurance Company since 1995, is retiring from the company at the end of August 2009, the company has announced. “I am very proud of Texas Mutual and our accomplishments, but it is time …
Catastrophe risk modeling firm AIR Worldwide has updated its insured loss estimates of property losses in France from winter storm Klaus to between 500 million and 1 billion Euros. These losses represent damage to buildings and contents of onshore residential, …
A proposal in Wisconsin Gov Jim Doyle’s budget would increase mandatory auto insurance limits and drive up costs for many drivers as much as 40 percent, according to the insurance industry. The governor would raise the current liability limits of …
Northern Capital Insurance Group, a Florida-based homeowners, commercial and auto insurance provider, said it is prepared to insure 50,000 State Farm Florida customers as that insurer withdraws from the state’s property insurance market. Northern Capital began writing homeowners policies in …
Taiwan’s China Life will buy most of Prudential Plc’s local insurance business, with the UK firm taking around a 10 percent stake in China Life, valued at T$2.18 billion ($64 million), the companies said. The sale by the UK’s No.2 …
The main regulator for Fannie Mae and Freddie Mac Thursday said he sees a future for mortgage insurance companies that underwrite many loans for the two mortgage finance giants. “They’re very important,” James Lockhart, chief of the Federal Housing Finance …
A federal appeals court upheld the dismissal of Allstate Corp. and State Farm Fire and Casualty Co. from a lawsuit accusing them of overbilling the U.S. government for flood damage in Louisiana related to the 2005 storm Hurricane Katrina. Wednesday’s …
Prudential Financial Inc. is leading the race to buy two Japanese life insurers put on sale by American International Group Inc. in a deal due to close next week, sources familiar with the matter said on Friday. AIG Edison Life …
