April 10, 2009
Idaho’s Senate Commerce and Human Resources Committee voted 5-4 on April 7 to kill a bill that trial lawyers insisted was aimed at scuttling their three-year-old class-action lawsuit against the Idaho State Insurance Fund. Since at least 2003, the state …
April 10, 2009
Federal authorities may update flood plain maps in Pueblo, Colo., a revision that could require more areas to obtain flood insurance. The Federal Emergency Management Agency is reconsidering decades-old maps of flood plains in the southern Colorado city. The agency …
April 10, 2009
Colorado lawmakers voted down SB 103, the unfair claims practices act. The legislation was killed in the House Health and Human Services Committee in a 6-5 vote. The bill, if it had passed, would have “defined as an unfair claim …
April 10, 2009
Greg Gordon has joined Der Manouel Insurance Group to lead the Agribusiness practice. Gordon began his insurance career in the 1970s in central California. In 1979, he purchased an agency in Dinuba, Calif., which merged with Hilb Rogal & Hobbs …
April 10, 2009
A federal board investigating an explosion at Jacksonville’s T2 Laboratories are trying to determine whether the accident that killed four workers and injured 33 was an extraordinary mishap or a disastaer waiting to happen. Investigators at the U.S. Chemical Safety …
April 9, 2009
Property/casualty insurers remained profitable in 2008 despite taking hits from several catastrophes, the recession and the ongoing financial crisis. P/C insurers earned $2.4 billion in net income after taxes in 2008, but profits and profitability both tumbled as catastrophe losses, …
April 9, 2009
Ohio Department of Insurance Director Mary Jo Hudson has issued a cease and desist order against Thomas J. Sullivan of Turnersville, N.J., and eight companies for allegedly selling insurance products without a license. Phony insurance plans are a serious problem, …
April 9, 2009
The Michigan Office of Financial and Insurance Regulation (OFIR) announced April 7 that all new rate filings by homeowners insurance companies that rely on insurance credit scoring as a factor in determining their discounts are being challenged by the agency. …
April 9, 2009
About 330 homeowners in a suburban Columbia, South Carolina neighborhood used as a practice bombing range in World War II are eligible for a $1,000 settlement in a lawsuit against developers. Nearly three dozen homeowners in The Summit sued in …
April 9, 2009
Officials say flooding has damaged or destroyed 106 homes in north Florida and the Panhandle and they’re warning residents in the Suwannee River valley to expect more overflows. Portions of U.S. Highway 90, Interstate 10 may be closed if the …