When Superstorm Sandy hit nearly two years ago, the Federal Emergency Management Agency quickly sent out $1.4 billion to aid the hurricane’s victims. Now, thousands of people might have to pay back their share. FEMA is scrutinizing about 4,500 households …
New Hampshire Gov. Maggie Hassan on Sept. 4 issued an executive order creating a new commission to recommend ways to reduce the state’s workers’ compensation medical costs. The executive order follows Hassan’s earlier announcement in May that she was planning …
Florida, Rhode Island, Louisiana, California and Massachusetts are the top five states for exposures to multiple natural hazards, according to a new analysis by CoreLogic, a property data analytics firm. The analysis was derived from the CoreLogic Hazard Risk Score …
Consumers who filed complaints were helped by Louisiana Department of Insurance (LDI) to recover an additional $2.25 million in insurance payments during the first half of 2014. Insurance Commissioner Jim Donelon said the funds are in addition to the original …
Texas’ insurance commissioner has allowed the three largest home insurers to impose significant rate hikes on many policyholders despite the objections of a state consumer advocate. Insurance Commissioner Julia Rathgeber can reject any new rates that are deemed excessive and …
What to do about Texas’ wind insurer of last resort? That’s the question being asked again of Texas lawmakers in advance of the coming legislative session. In a surprise visit to a Senate Business & Commerce Committee hearing in early …
Stuart Parker, currently chief operating officer at San Antonio-based USAA, has been named to succeed current CEO Joe Robles when he retires at the end of February 2015. USAA Capital Corporation President Carl Liebert has taken over the role of …
Premiums for almost all of Louisiana Citizens Property Insurance Corp.’s commercial customers will increase an average of 2.3 percent beginning in February, under a proposed rate filing. But the 307 customers whose properties lie below the Gulf Intracoastal Waterway will …
Pickup trucks may not be the “official vehicle” of the state of Texas, but if the state had one, the truck would certainly be in the running for official status. Besides being popular with drivers in Texas, they are also …
For the second straight year, workers’ compensation loss costs used by insurers to determine rates for employers will show an overall decrease in Oklahoma. The National Council on Compensation Insurance (NCCI) has filed an overall loss cost level decrease of …
