Tools to Intervene “The Texas insurance companies remain well-capitalized. … There has been no bankruptcy filing by the parent company. In the event of any changes in the status of the parent company, our state laws provide us with tools …
West Virginia gives its insurance department a lot of leeway in regulating workers’ compensation. But a new House bill would require the department to get legislative approval for workers’ compensation rules. Lawmakers review rules for most agencies but workers’ compensation …
The insurance industry is engaging in an on-site evaluation of Atlanta’s fire protection system for the first time in three decades, a process that could add millions of dollars to premiums. It is too early to tell whether Atlanta’s rating …
The story of the salmonella-tainted peanut products distributed by Peanut Corp. of America (PCA) is one of the highest-profile food recall cases in recent memory, and one that holds interesting side stories for the insurance industry. One of the most …
$35 Million The latest estimate of damage in Georgia from last month’s tornadoes. Commissioner John Oxendine said more than 100 homes, a private school, Southwestern State Hospital and commercial agricultural buildings were hit.Oxendine says Thomas County by far had the …
South Carolina legislators are pushing a bill to cut workers’ compensation benefits for illegal immigrants in an effort to strengthen what’s already one of the nation’s toughest laws aimed at keeping those workers off state payrolls. A Senate Judiciary subcommittee …
The Florida property insurance market today reminds me of the old cartoon with the insurance pitch: “Here’s a nice little policy with a real low premium if you promise never to have any claims.” When the insurer is unable to …
Most U.S. fire departments call on neighboring communities to help them fight fires and the most significant reason for that is the need for more firefighters. Also, nearly one in six departments either has no water service for firefighting or …
Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and it plans further spending cuts …
No Choice “They (Legislature) will do something because they have no choice.” —Sam Miller, executive director of the Florida Insurance Council, commenting on the need for the Florida Legislature to include property insurance on its upcoming agenda. Overexposed “We’re overexposed. …
