The Obama administration’s views on insurance regulation are in keeping with those of many within the property/casualty insurance industry as well as state regulators who now regulate the industry. Most in the industry are happy that the Obama Treasury Department …
The U.S. Treasury department today issued a white paper entitled, Financial Regulatory Reform: A New Foundation. The following is an excerpt from the report on insurance: Enhance Oversight of the Insurance Sector Our legislation will propose the establishment of the …
Arkansas Gov. Mike Beebe has announced that President Obama granted his request for a federal major disaster declaration to help Arkansas counties recovering from flooding rains and storms in May. The federal declaration covers all 37 counties requested by Gov. …
The Supreme Court of Ohio has ruled that a double dismissal of a workers’ compensation appeal does not entitle an employer to a refund of compensation benefits from the state. Specifically, according to the Ohio high court’s information office, the …
Tinley Park, Ill.-based insurance broker BF&S Insurance (Boyle, Flagg & Seaman) has been named the exclusive marketing agent for the Illinois Public Risk Fund (IPRF). Thomas P. English, president of BF&S, has been a marketing agent since IPRF’s inception in …
The Independent Insurance Agents of Texas (IIAT) announced that Plano independent insurance agent Don Medlin recently received the Drex Foreman Award at the association’s 112th Annual Conference & Trade Show. Named after Drex Forman, who served as the chief executive …
Amerisafe Inc., a DeRidder, La.-based specialty writer of high hazard workers’ compensation insurance, has appointed Brendan Gau as executive vice president and chief investment officer. Gau’s appointment is effective June 23. Prior to joining Amerisafe, Gau previously was employed by …
Hawaii Gov. Linda Lingle is considering whether to sign into law a requirement for alcohol sellers to have at least $1 million in liquor liability insurance. The measure passed the Legislature this year after residents said they were worried about …
Minnesota’s Department of Labor and Industry has released its annual “Annual Minnesota Workers’ Compensation System Report,” that indicates the number of paid workers’ compensation claims fell 36 percent relative to the number of employees from 1997 to 2007. Additionally, the …
The Chubb Group of Insurance Companies has updated its “Loss Prevention Guidelines for Independent Directors” handbook. “Shrinking company profits and stock price fluctuations are exposing independent directors to increased personal liability,” says Tony Galban, senior vice president, Chubb & Son, …
