Monthly Archives: <span>July 2012</span>

Flood-Prone Ohio City Scouting Land for Solution

Federal officials who’ve been surveying land to find a place to divert water during flooding in this northwest Ohio city have run into a bit of a challenge. Officials from the U.S. Army Corps of Engineers said the land along …

Virginia, Maryland Hit by Vicious Storms; Power Outages May Last Days

It could be several more days before electricity is restored to areas hit by vicious storms that killed at least 13 people and left 3 million power customers to negotiate sweltering temperatures without air conditioning. Across a swath from Indiana …

Ratings Recap: Conifer/White Pine, Millers First

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and downgraded the issuer credit rating to “bbb” from “bbb+” of Conifer Insurance Company. Best also affirmed the FSR of ‘B+’ (Good) and ICR of “bbb-” of …

North Carolina Gov. Perdue Signs Workers’ Comp Scofflaw Bill

North Carolina Gov. Bev Perdue has signed a bill designed to crack down on employers without workers’ compensation coverage despite opposition from media groups that objected to the fact the employer information will not be a public record. State lawmakers …

Louisiana Citizens Board Agrees to Retroactive 10% Rate Cut

The board governing Louisiana’s property insurer of last resort has agreed to drop rates by 10 percent across a dozen south Louisiana parishes retroactive to June 7, when the reduction was signed into law. The $16 million annual rate cut …

Phillips Elected to Texas Mutual Board of Directors

Danny Phillips, a Colleyville, Texas, resident and owner of the Diamond P Longhorn Ranch in Lindale, was elected to the board of directors of workers’ compensation insurer Texas Mutual Insurance Co. Phillips was elected unanimously at the company’s annual policyholder …

Former Insurance Adviser for Jefferson Parish, Louisiana, Faces Ethics Charges

A consultant who worked as a health insurance adviser for Jefferson Parish is facing ethics charges in connection with his wife’s work. The Times-Picayune reports that Scott Fontenot’s consulting firm, Fontenot & Associates, was associated with Lagniappe Industries, an insurance …

Florida Won’t Implement Medicaid Expansion, Health Exchange

Florida Gov. Rick Scott said his state will opt out of implementing optional portions of the Affordable Care Act that deal with expanding Medicaid and building a public insurance exchange to sell coverage. He said that Florida will implement the …

RLI, Chubb Among Top P/C Performers: SNL

RLI Corp. tops the list of property/casualty commercial lines carriers ranked by financial performance for the 12 months ending March 31, based on a review by SNL. RLI beat out Chubb, Dorinco Reinsurance and Argo Group for top honors. RLI, …

More Gen Y’ers Passing on Driving

To Shoshana Gurian-Sherman, driving seemed like a huge hassle. “Part of it was laziness,” the 23-year-old Minneapolis resident recalled. “I didn’t really want to put in the effort to learn how to drive … I knew how to ride the …