The Texas Senate approved a new structure for the state’s depleted windstorm insurance fund last week, providing a combination of potential rate hikes, bonding and other revenue to ensure the account gets replenished. Gulf Coast policy holders of the Texas …
Customers of the state-backed Citizens Property Insurance Corp. in Florida will be paying 10 percent more for their property insurance by Jan. 1 under a bill headed to Gov. Charlie Crist. The Senate passed the bill (HB 1495) on a …
Key provisions of the measure, HB 1495, sent to Gov. Charlie Crist by lawmakers on May 1, as identified by the Florida Banking and Insurance Committee staff include: Citizens Property Insurance Corp. Implements a rate “glide path” capped at 10% …
A contractor wants an appeals court to dismiss a lawsuit brought by the parents of a Pittsburgh-area soldier electrocuted in an Army barracks shower in Iraq. The notice of appeal filed Thursday by KBR Inc., doesn’t include the contractor’s arguments …
The Florida Senate voted 22-16 to restore a cap on attorneys’ fees in workers’ compensation cases. The measure, backed by the state’s insurance regulator and previously passed by the House, 84-35, now goes to Gov. Charlie Crist for his signature. …
The Independent Insurance Agents & Brokers (the Big “I”) has awarded Alex Soto with the Woodworth Memorial Award, the highest honor the association bestows on one of its members. The Woodworth Memorial Award recognizes the contributions of an independent agent …
Florida Gov. Charlie Crist has a bill on his desk that promises to clarify the state’s regulation of the surplus lines insurance business. The Florida Senate on May 1 joined in the House in passing the measure lobbied for by …
Berkshire Hathaway Chairman Warren Buffett says the company’s young bond insurance unit has not been writing much new business because pricing has been inadequate to cover the risk of losses. “We basically do not like the pricing” we would receive …
Five Hampton Roads homeowners are seeking more than $5 million in a lawsuit filed against a local developer, a distributor and a Chinese drywall manufacturer. The homeowners claim the companies were negligent for selling the drywall and not warning customers …
Diane Sammer and her partner, Pam Dennis, were careful to sign papers giving Sammer power of attorney over Dennis’ affairs. Yet after Dennis died of a heart attack and her body was to be cremated, the undertaker refused to accept …
