July 2, 2012
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 …
July 2, 2012
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 …
July 2, 2012
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 …
July 2, 2012
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 …
July 2, 2012
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 …
July 2, 2012
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 …
July 2, 2012
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 …
July 2, 2012
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 …
July 2, 2012
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, …
July 2, 2012
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 …