Monthly Archives: <span>February 2014</span>

House Leader Promises Vote on Flood Insurance Rate Delay

The Republican leadership in the House of Representatives is promising to take up legislation to delay certain flood insurance premium increases during the week of Feb. 24. The details of any House bill remain a mystery but the House version …

Critics Target Ad Campaign at N.J. Sandy Aid Hearing

Speakers at a Wednesday night hearing on the next round of Superstorm Sandy aid for New Jersey were especially passionate on one front: Ditch the “Stronger Than The Storm” advertising campaign or at least pay for it some other way. …

In Penn., ACA Exchange Sign-Ups Top 100K Mark as Website Troubles Subside

More than 123,000 Pennsylvanians have selected an insurance plan under the new federal health care law as troubles with the gateway website have subsided, the U.S. government said Wednesday, although tens of thousands more who might be eligible for Medicaid …

Over Decade, Crash Deaths Among Children Have Dropped 43%

Children are dying less often in traffic accidents: Over a decade, the number who died in crashes dropped by 43 percent, according to a new government report. Health officials say the increased use of car seats and booster seats drove …

AAIS Names Yocius, Kadous to Key Positions

Two veteran insurance product professionals have been named to leadership positions at the American Association of Insurance Services (AAIS). Rich Yocius has been named vice president of actuarial services and chief actuary, and John Kadous is now vice president of …

Small Business Online Insurer AssureStart Now Writing in Maryland, Pennsylvania

AssureStart, a Seattle-based start-up direct company that sells small business insurance on the Internet, has opened for business in Maryland and Pennsylvania. Owned primarily by American Family Insurance, AssureStart opened in Texas in November 2013 and now is in three …

Connecticut Gov. Proposes Bill to Ban ‘Vicious’ Label on Horses

Connecticut Gov. Dannel P. Malloy proposed legislation Tuesday clarifying that domesticated horses cannot be considered vicious, responding to a legal claim over a horse at a Milford farm in Connecticut that threatens a far-reaching and damaging impact on the state’s …

Ratings Roundup: Best Meridian, Seguros Catalana Occidente

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Best Meridian Insurance Company (BMIC), based in Miami, and concurrently Best affirmed …

Federal Judge: Virginia’s Gay-Marriage Ban Unconstitutional

Virginia’s ban on gay marriage was ruled unconstitutional by a federal judge who said it violated the equal-protection rights of the state’s residents including couples married legally in other states. The ruling, which won’t take effect until any appeals are …

Court Revives Lawsuit Against BP Over Alaska Oil Spill Statements

A U.S. appeals court on Thursday revived a shareholder lawsuit against BP PLC over statements the company made in the wake of a 2006 oil spill in Alaska. The ruling from the 9th U.S. Circuit Court of Appeals in San …