Democrats in the Texas Senate have moved to block key insurance legislation as they push for more consumer protections and lower homeowner rates. Using filibuster rules, Democrats refused to allow debate on a measure – the so-called Sunset Bill – …
More than 80 former insurance agents for bankrupt Brooke Corp. have sued the company’s lending arm, accusing company officials of civil racketeering and fraud. The lawsuit against Aleritas Capital Corp. was filed in federal court in Kansas City, Kan., Wednesday. …
The Louisiana Board of Ethics is seeking an $8,000 civil penalty against former state Sen. Derrick Shepherd for failing to disclose his legal work for convicted bond broker Gwendolyn Moyo in her dealings with the Louisiana Department of Insurance. Shepherd, …
The financial strength rating of Manchester, New Hampshire-based MEMIC Indemnity Co. as well as its Maine-based parent company have been upgraded by A.M. Best Co. MEMIC Indemnity is now rated “A” (Excellent), up from a previous rating of “A-” (Excellent). …
The Oklahoma Senate has approved by unanimous vote a measure that would lengthen the statute of limitations for prosecuting felony arson cases. Sen. Jay Paul Gumm, co-author of House Bill 1088, said that improved technology and detection methods are making …
Smoke from wildfires burning across North and West Texas is blowing into Austin and other locations in the center of the state, and Dallas-area residents are under an air-quality warning as a result of the fires. The Texas Forest Service …
U.S. Sens. Bill Nelson, D.-Fla., and Mary Landrieu, D.-La., have filed legislation for a recall and immediate ban on tainted building products from China, as more and more people around the country are reporting problems in their homes built with …
A.M. Best Co. has revised the outlook to negative from stable for the financial strength (FSR) and issuer credit ratings (ICR) of Liberty Mutual Group, Inc. (LMGI), Liberty Mutual Insurance Companies and Liberty Insurance Holdings (LIH) and their members, as …
A Chattanooga, Tenn. insurance agent has been charged with insurance fraud and theft for allegedly adding commissions to policies when he told policyholders that the coverage was being sold on a net basis — with a set fee, but without …
Police in Delaware have cited more than 200 people in the first days of a speed enforcement blitz. The annual Stop Aggressive Driving campaign began last Wednesday and continues through the month of April. State troopers cited 13 drivers for …
