Alaska Gov. Frank H. Murkowski has announced he is pleased that workers’ compensation system reforms proposed by the administration and enacted last year by the Legislature have led to a proposed 10.5 percent reduction in workers’ compensation insurance rates for …
$1.2 million The number of motor vehicles thefts nationwide in 2005. That’s about 416.7 motor vehicles stolen for every 100,000 inhabitants. $7.6 billion The estimated total property losses due to motor vehicle theft in 2005. That’s an average of $6,173 …
Louisiana Commissioner of Insurance Jim Donelon directed Horace Mann Insurance Companies of Springfield, Ill., to stop canceling or nonrenewing homeowners policies in 23 parishes and reinstate any policies that have been cancelled since the Illinois-based insurer began the practice in …
What do a parent advisory board, parish council, the United Way and local athletic club have in common? They are all nonprofit organizations. Most people serving on the board of such organizations are volunteers. While there are both federal and …
California Gov. Arnold Schwarzenegger has vetoed SB 832 by Sen. Don Perata, D-Oakland, that would have required by law that 75 percent of all punitive damage awards go to the state treasury rather than to the victim. In his statement …
The purchase of flood insurance in New Hampshire has risen by 26.2 percent since May of last year — a jump attributed to last October’s flooding and some updated maps that identified new areas at risk. Policy purchases in New …
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 …
