July 21, 2009
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 …
July 21, 2009
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 …
July 21, 2009
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, …
July 21, 2009
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 …
July 21, 2009
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 …
July 21, 2009
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 …
July 21, 2009
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 …
July 21, 2009
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. …
July 21, 2009
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, …
July 21, 2009
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 …