Monthly Archives: <span>November 2010</span>

Washington Regulator Wants to Review Health Insurer Surpluses

Washington Insurance Commissioner Mike Kreidler is asking state lawmakers to preserve his authority to scrutinize health insurance rates, boost transparency, and to let him — for the first time — consider some insurers’ surpluses when reviewing rates. “Some non-profit insurers …

Calif. State Fund Names Clark Chief Operating Officer

California’s State Compensation Insurance Fund has named Tom D. Clark as its chief operating officer. Clark, who assumes his new role on December 1, will replace Harrison D. Jerome, who retires at the end of the year. Clark, a 30-year …

Hartford Steam Boiler Adds Legal Defense to Data Breach Coverage

The Hartford Steam Boiler Inspection and Insurance Company (HSB) has expanded its data breach coverage for business owners, which helps them respond to the loss or theft of the personal information they keep on customers and employees, to include legal …

Zurich Expands Property Portfolio Protection for Construction Businesses

Zurich has expanded its its Property Portfolio Protection (P3) for the construction industry. P3, an alternative to ISO forms, offers Zurich’s rates and language that includes more than 36 additional coverage options. The policy helps improve coverage limits for construction …

Calif. Regulators Announce 2011 Workers’ Comp Assessment Rates

The California Department of Industrial Relations (DIR) has calculated the 2011 assessments that state law requires workers’ compensation insurers collect from policyholders to cover the budget of the state Division of Workers’ Compensation (DWC), and five related workers’ comp programs …

Auto, Homeowners Insurance Costs in Ohio Well Below National Average

Ohio consumers pay $226 less for homeowners insurance than the U.S. average and nearly $167 less for auto insurance than the U.S. average, according to a report updated by the Ohio Insurance Institute (OII). The homeowners insurance average for Ohio …

US Sees Progress in Easing Climate Change Row with China

Washington claimed progress Monday in easing rifts with Beijing on ways to fight global warming as U.N. climate talks got under way in Mexico with warnings about the rising costs of inaction. The United States and China, the world’s largest …

Texas Driver Records Now Available Instantly Online

The Texas Department of Public Safety announced that Texas drivers can now order their driving records online and print them out immediately instead of waiting to have the record mailed to them. “We are pleased to offer this new service, …

Louisana AG Disputes BP Fund’s Push for Claimant Release of Rights

In a letter dated Nov. 17, 2010, Louisiana Attorney General Buddy Caldwell challenged provisions of the Gulf Coast Claims Facility (GCCF) Draft Protocol for Interim and Final Claims that ask claimants to sign a broad release of their rights in …

A.M. Best Downgrades Ratings of Kansas-based Upland Mutual Insurance

A.M. Best Co. has downgraded the financial strength rating to B+ (Good) from B++ (Good) and issuer credit rating to “bbb-” from “bbb” of Upland Mutual Insurance Inc. (Upland) (Junction City, KS). The outlook for both ratings is stable. Best …