Louisiana Insurance Commis-sioner Jim Donelon held onto his job in a special statewide election on Sept. 30, narrowly escaping a runoff to win the election in a campaign that bogged down in nasty attacks and allegations of wrongdoing. The race …
In 2005, our country faced several devastating and record-setting natural disasters, including 27 named hurricanes, which left the lives of many Americans in ruins. Those disasters roiled the insurance marketplace and the nation’s overall economy. Estimates for 2005 hurricane losses …
Gov. Arnold Schwarzenegger has vetoed two bills that he said would have undermined the bipartisan workers’ compensation reforms passed by the legislature in 2004. “When I ran for office, skyrocketing workers’ compensation costs were the poison of our economy,” he …
One of the most serious problems facing the insurance industry today is the acute shortage of bright, college-educated young people entering the profession. Walk around any college campus and you’ll find that the brightest and best of our graduates are …
A year ago, many home insurers in southern Louisiana refused to write new policies, or left vulnerable coastal community markets in fear of potential losses occurring from future storms. Many companies stopped writing to handle claims still lingering from the …
If North Carolina’s John Logan has his way, sometime in the very near future, people across the globe will be able to purchase insurance coverage against the potential financial devastation often caused by divorce. Logan, chairman and chief executive officer …
Oregon will reduce the workers’ compensation pure premium rate by 2.1 percent for 2007, maintaining Oregon’s streak of not raising the rate in 16 years, Gov. Ted Kulongoski recently announced. “No other state in the union has seen 16 consecutive …
The state of New Hampshire routinely bypasses competitive bidding for insurance contracts and awards them to incumbent producers, a state audit report that severely criticizes many of the state’s insurance practices has found. The report also blasts the state’s risk …
Speaker after speaker at the Sept. 20 workers’ compensation conference held by the Insurance Council of Texas recognized that while reform of Texas’ workers’ compensation system has come a long way, there is still a long way to go. Workers’ …
U.S. Senator Mel Martinez, R-Fla., has introduced bipartisan legislation to implement a national hurricane research initiative designed to better research, predict and prepare for hurricanes. Martinez crafted the proposal working from recommendations presented by the National Science Board’s draft report …
