South Carolina Gov. Mark Sanford was joined by business groups from across his state when he signed an executive order last month ordering that the Workers’ Compensation Commission apply objective standards when making workers’ compensation awards. The South Carolina Supreme …
Canada’s TD Bank Financial Group reported that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase would double TD Bank’s presence …
In a blunt assessment, Kentucky Gov. Ernie Fletcher told fellow doctors recently that chances of limiting pain-and-suffering damages in medical malpractice cases are bleak because of resistance from some state lawmakers. The governor expressed a willingness to compromise if he …
Dismissal of corruption conspiracy charges follows earlier dismissal of antitrust complaint The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and a group of other brokers and insurers has now thrown …
The two men running for Mississippi insurance commissioner say encouraging competition is the key to reducing consumer’ costs as the state continues its recovery from Hurricane Katrina. But that’s about where the candidates’ similarities end. During a recent luncheon in …
Now 21 states require cigarettes to be self-extinguishing Cigarettes sold in 21 states will be self-extinguishing after a strikingly high 15 states passed new laws this year to combat smoking-related blazes, the No. 1 cause of home-fire deaths. “Fire-safe” cigarettes, …
Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key decision. Plaintiffs in the case, who had …
Overland Park, Kan.-based insurance agency franchisor Brooke Corp. has been hit with a number of lawsuits that raise questions about its business dealings with agents who bought into its nationwide operation, which now boasts some 800 locations. Brooke Corp. itself …
Florida’s insurance agents are advising consumers seeking coverage from Citizens Property Insurance Corp. to proceed cautiously, especially for those making comparisons with the private market. Coverage in the state insurer of last resort may not always be the wisest choice …
The Louisiana Department of Insurance investigated complaints against Brooke Corp. from former franchisees in that state and cleared the company of all wrongdoing except for a few minor licensing snafus. The allegations included charges Brooke does not fully disclose the …
