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

Declarations – Midwest

Unsafe for Transport “Would you put your child on a bus if the brakes weren’t fixed? Of course not.” —State Sen. Amanda Ragan, D-Mason City, comments on a study that found 100 Iowa school buses have been repeatedly labeled unsafe …

Analysis: Florida’s Insurers, Reinsurance and Catastrophic Storms

Since 1996, Demotech has rated most of the homegrown Florida domiciled insurers. Our efforts have focused on the assignment of Financial Stability Ratings® (FSRs) to all financially stable insurers, start-ups as well as established insurers. The top two writers are …

Ohio Auto, Homeowners Rates Still Competitive

Ohio’s 2011 average auto and homeowners insurance rates were again among the most competitive in the United States, according to state insurance regulators. The Ohio Department of Insurance reported that Ohio has the 10th lowest auto insurance and 6th lowest …

Consumer Perception of Progressive Takes a Tumble

Progressive Insurance’s mid-August social media-driven controversy has brought the company to its lowest U.S. consumer perception level in more than four years, a research firm said on Aug. 29. The consumer perception was measured by YouGov, an internet-based market research …

Texas Mutual Pays $355K Dividend to Apartment Group

Texas Mutual Insurance Company announced that the Texas Apartment Association (TAA) safety group earned a $355,922 dividend. The workers’ compensation dividend was based largely on the group’s overall safety record. Since 2009, Texas Mutual has paid nearly $1.2 million in …

Wisconsin’s Sentry Insurance Cuts Office Jobs, Home-Based Agents

Sentry Insurance, based in Stevens Point, Wis., says it’s cutting 27 office jobs in central Wisconsin and 144 home-based agents across 10 states as it restructures its strategy for selling personal line policies. Those policies are generally home and auto …

Texas DA Investigating State Farm Hurricane Claims

Texas investigators have opened a criminal probe into how State Farm handled what may turn out to be thousands of insurance claims from Gulf Coast homeowners involving damage from Hurricane Ike in 2008, officials said. Gregg Cox, head of the …

Brown Signs Electronic Proof Of Insurance Bill

Gov. Jerry Brown made California the seventh state in the nation to allow drivers to show proof of insurance coverage using their smart phone. Brown on Friday signed Assembly Bill 1708, a bill authored by Assemblyman Gatto, which will give …

Navy Cited By OSHA For Mishandling Toxic Materials

The U.S. Department of Labor’s Occupational Safety and Health Administration says the Navy has violated worker safety standards at an aircraft hangar in Southern California that exposed workers to toxic materials such as lead, cadmium and beryllium. OSHA on Thursday …

Fla. Citizens Posts Depopulation Plan

The depopulation committee of Florida’s Citizens Property Insurance Corp. unveiled a plan yesterday designed to transfer about a third of the state-run insurer’s 1.4 million policies to private insurance companies over two years. The move comes a day after a …