March 30, 2009
The Delaware House has passed a bill prohibiting discrimination based on sexual orientation. The bill approved Thursday covers discrimination in housing, employment, public works contracting, public accommodations, and insurance. It faces an uncertain future in the Senate, where similar measures …
March 30, 2009
A 1.4 perent rate hike requested by North Carolina auto insurance companies is being contested by state officials. Insurance department actuaries have concluded that the increase is not warranted in part because it incorporates certain reinsurance costs. Insurance Commissioner Wayne …
March 30, 2009
Florida Insurance Commissioner Kevin McCarty has denied State Farm Florida an administrative hearing on details of the insurer’s plan to withdraw from the state’s homeowners market. State Farm Florida has balked at requirements McCarty has attached to its withdrawal including …
March 30, 2009
The Rhode Island Supreme Court may have derailed the state’s lawsuit against former lead paint companies last summer, but one critical issue still remains — and it’s worth millions of dollars. A judge will decide whether the state must reimburse …
March 30, 2009
A bill that would restore a cap on attorney’s fees in Florida workers’ compensation cases is ready for a final vote in the House. After an amendment was defeated, the measure (HB 903) sponsored by Rep. Anitere Flores, R-Miami, was …
March 30, 2009
Massey Energy foreman is expected to plead guilty to one misdemeanor charge stemming from his failure to conduct required safety drills. U.S. District Judge John Copenhaver has scheduled an April 9 hearing on David Runyon’s decision to change his plea. …
March 30, 2009
A lawsuit filed on behalf of shareholders of American International Group Inc. is demanding company executives return millions of dollars in bonuses, dividends and other perks. The lawsuit, which seeks class-action status, also seeks unspecified damages as well as the …
March 30, 2009
The South Financial Group has agreed to settle two lawsuits with shareholders and announced that former CEO Mack Whittle will retire from the South Carolina company’s board of directors. The settlement totals $500,000. The company says it will pay $300,000 …
March 30, 2009
New Mexico’s Legislature has defeated two insurance-related bills that an insurance association would have increased costs for consumers. House Bill 157, “Unfair Trade Practice Private Right of Action,” would have amended the Unfair Trade Practices Act to allow lawsuits for …
March 30, 2009
Montana legislators recently defeated House Bill 345, “An act revising the law governing the damages that may be awarded because of an insurance company’s violation of certain prohibited insurance claim settlement practices.” According to the bill text, “Montana law has …