Daily Archives: <span>December 4, 2017</span>

Some in Congress Question Trump Flood Insurance, Disaster Aid Reforms

The Trump administration’s proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane survivors. “We’ve got folks who are suffering,” said Mario Diaz-Balart, a Republican congressman …

How Republicans’ Senate, House Tax Bills Differ

Expiring tax cuts, business perks and health care politics loom over House and Senate Republicans as they face the daunting task of hammering out the differences between their competing bills to rewrite the U.S. tax code. Different versions of the …

3M Says it Underreported Chemical Discharge in Tennessee River

For more than three years, 3M Co. underreported its discharge of a class of potentially toxic chemicals into the Tennessee River by a factor of 1,000, according to a letter sent by a 3M official to regulators at the Alabama …

West Virginia Planning Response to Fight Statewide Opioid Epidemic

As West Virginia sees record numbers of drug overdose deaths, state officials say they’ll submit plans for responding further to the opioid epidemic to Gov. Jim Justice by mid-January. “There is a critical need to identify a concise set of …

Tennessee Fines Nursing Home $50K For Patient Deaths

Tennessee state inspectors found widespread neglect resulting in patients’ deaths at a nursing home that has been fined $50,000, the most of any such penalty ever imposed. The Commercial Appeal cites the inspection in a Wednesday report. In addition to …

North Carolina Insurers Request 18.7% Increase for Homeowners Insurance

The North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance to request a statewide average increase in homeowners insurance rates of 18.7 percent for 2018, according to Insurance Commissioner Mike Causey. The N.C. Rate Bureau represents …

Insurer Says Policy Doesn’t Cover Mississippi Building Collapse

Hudson Specialty Insurance has sued in federal court in Natchez, Miss., to nullify a policy covering a building that collapsed July 23 in the City of McComb, saying coverage was voided after the building owner took money from a previous …

People

Hudson Insurance Group has added Wallace Moreman as senior vice president. In this new position, Moreman will establish a subcontractor default insurance (SDI) business for Hudson. Christopher Gallagher, president and CEO of Hudson, said Moreman is part of the original …

Family of 4 Indicted for $550K Insurance Fraud Scheme in West Virginia

A man, his ex-wife and two sons are accused of burning down two West Virginia homes and pocketing over $550,000 in insurance claims. Windel Lester, his ex-wife Georgetta Lester, and his sons Gregory A. Lester and James Edward Lester, were …

Workers’ Comp Carrier Guarantee Insurance Declared Insolvent by Florida Regulators

Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership. According to documents from the Florida Office of Insurance Regulation (OIR), the company was materially under-reserved at year end 2016 and consented to being placed in receivership …