Idaho companies could receive a $3.2 million break on taxes they pay on their workers’ compensation premiums over the next two years. The State Industrial Commission has about $17 million in the fund it uses to administer the state’s workers’ …
The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches out and touches California on July 21, 2011. In anticipation of its effective date, the California Department of Insurance (CDI) …
Flood Insurance Reform “There is no question that the program is in dire need of reform. For many years, the NFIP has been — for lack of a better phrase — under water. In the near-term, important reforms to the …
California Insurance Commissioner Dave Jones has filed regulations to add the category of “spouse” to the application form for the state’s Low Cost Auto Insurance Program. “The definition of marriage has changed over time in California, and it is imperative …
The Joint Task Force comprised of the California Highway Patrol (CHP), the California Department of Insurance (CDI) and San Francisco District Attorney’s Office has reportedly completed its four-year investigation of former California State Compensation Insurance Fund employees and directors. In …
The board of insurance company Pinnacol Assurance has voted to strip CEO Kenneth Ross of his bonus for 2010. The Denver Post reports the board of the state-chartered workers’ compensation insurer made its decision Mar. 2 regarding the $163,115 bonus. …
Abram Interstate Insurance, Align General Rocklin, Calif.-based Abram Interstate Insurance Services Inc. purchased an equine and farmowners book of business from Align General Insurance Agency Inc. of San Diego. All servicing of new and renewal business will be handled by …
Jennifer McPhillips has been promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the association’s Democrat lobbyists on the group’s bipartisan Capitol Hill …
Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire Hathaway and billionaire investor, issued his annual letter to …
Gov. Haley Barbour has asked the Mississippi Supreme Court to uphold a state law that limits non-economic damages in civil cases. Barbour contends that Mississippi’s tort reform measure, passed in 2004, has lowered premiums for doctors and helped attract new …
