Monthly Archives: <span>July 2009</span>

Highway-Crash Suit Focuses on New Hampshire Police Reports

A Canadian trucking company suing the state of New Hampshire over winter road conditions that led to the Interstate 93 traffic death of a 6-year-old boy says the state is withholding police accident reports in an attempt to stymie the …

Louisiana Unemployment Rate Rises; Jobs Increase in Some Sectors

Louisiana was among the 38 states that recorded higher unemployment rates in June, but the state has experienced job growth during the past year in certain industry sectors. The Louisiana rate of 6.8 percent remains significantly lower than the national …

Progressive Offers Behavior-Based Insurance Program to Texas Drivers

Progressive Insurance announced it is launching in Texas an optional car insurance program that offers lower rates on vehicles that are driven in less risky ways. The behavior-based insurance program, called MyRate, gives drivers a customized rate based on how, …

West Virginia Insurers Fight City Over Forced Debris Removal Escrow Account

Property insurance companies in West Virginia are finding themselves caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city rather …

Oklahoma Lawmaker Vows to Continue Cell Phone Safety Efforts

Although legislation filed by Oklahoma House of Representatives Democratic Leader Danny Morgan to address the dangers of cell phone use and texting while driving has stalled the past two legislative sessions, Rep. Morgan remains undeterred in his attempts to emphasize …

Energy Construction Market Reaches ‘Tipping Point’ Says Marsh

In its latest Energy Market Monitor, Marsh notes that the “onshore and offshore energy construction market reached a tipping point at the culmination of the first six months of 2009.” The report states that “downward pressure on insurance rates in …

Insurance Claims Firm Says West Virginia Owes It $1 Million Lost in Scam

A Memphis insurance claims firm wants the more than $1 million that it was supposed to receive from West Virginia, but that was instead diverted in an apparent Africa-based fraud scheme, state lawmakers learned recently. Legislative leaders attending an interim …

Brown & Brown Profit Up a Notch in Q2

Florida-based insurance broker Brown & Brown, Inc. managed to increase its earnings slightly in the second quarter despite the financial downturn. Net income for the second quarter of 2009 was $40,668,000 compared to $40,398,000 for the same quarter of 2008. …

Governors’ Conference Puts Spotlight on Katrina Recovery in Mississippi

Governors attending their national convention in Biloxi on Mississippi’s Gulf Coast have seen signs of Hurricane Katrina recovery — glitzy casinos packed with tourists, new condominium towers rising along the beach, the major expansion of a bustling state port. However, …

Best Affirms Munich Re, Subs ‘A+’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company (Munich Re) and its subsidiaries. Best also affirmed the debt ratings of “a+” on £300 million …