Currents

Why agents oppose contingent commission settlements

Imagine for a moment a state legislator introducing a bill that made it illegal for businesses to pay year-end bonuses to their sales forces. Then imagine that this piece of legislation also made it mandatory that all businesses provide written …

R.I. candidates spar

Rhode Island Gov. Don Carcieri, Republican, and his challenger Lt. Gov. Charles Fogarty, Democrat, traded bars over taxes, jobs and Beacon Mutual Insurance Co., the state’s dominant workers’ compensation insurer, during a recent debate. Beacon Mutual has been accused of …

Utah workers’ comp fund plans no changes

The Utah Workers Compensation Fund, an insurance pool that pays Utah residents who are injured on the job, has dropped plans to restrict benefits. Earlier, UWCF officials considered asking for a change in state law to tighten eligibility for lost …

N.C. maps areas

North Carolina has produced the first in what officials say will be a series of county maps to enable communities to reduce the risks of building homes and other structures in landslide-prone areas of the state’s mountains. The Geological Survey …

Chicago suburban mayor indicted in insurance scheme

Four months after his arrest on corruption charges, the mayor of north suburban Niles, Ill., was indicted in federal court this month for allegedly coercing businesses in this northwest suburb to buy insurance from his friend. Mayor Nicholas B. Blase, …

Declarations

“I really feel for the business owners in the heart of downtown who have fought so hard to come back after Floyd in 1999.” Virginia Gov. Timothy M. Kaine in declaring a statewide emergency after as much as 12 inches …

Premium rating errors cost auto insurers more than $16 billion

In 2005, the private passenger auto insurance industry lost $16.2 billion because of premium rating error, according to San Francisco-based Quality Planning Corp.’s annual Premium Rating Error report. Data showed premium rating error represented 9.9 percent of the $163 billion …

Dear Ga. Parents: unsafe teen drivers nabbed

Georgia Gov. Sonny Perdue has launched a program to send letters to the parents of teen drivers who receive traffic citations or warnings from state troopers. The letters are to include the date and reason the teenager was stopped, whether …

It Figures

1696 Insurance companies are the litigation champions confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights over hurricanes and terrorist attacks, according to a new survey …

It Figures

1777 The year George Washington and his troops trained at Valley Forge, Pa. Officials at this national historic park are exploring ways to clean up asbestos from beneath the ground where Washington and his troops camped. The chemicals, discovered by …

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