Currents

Hawaii, Washington, Wyoming bringing down workers’ comp rates

Hawaii, Washington and Wyoming proposed lowering workers’ compensation rates in their states from 2 percent to 12.3 percent. The Hawaii Department of Commerce and Consumer Affairs’ Insurance Division announced that the National Council on Compensation Insurance (NCCI) filed a request …

It Figures

$18 to $106 The premium range that lower income single adults will pay a month for health care under a plan approved by the Massachusetts board drafting regulations for the state’s new health care law. Under the plan, people earning …

La. Republicans spar in race for insurance commissioner post

Republican candidates for Louisiana insurance commissioner traded attacks in a debate on Sept. 11, leveling accusations of improper use of campaign funds and misuse of legislative perks. James David Cain and Jim Donelon fielded reporters’ questions about challenges that the …

California State Compensation Insurance Fund appoints Tudor president

The California State Compensation Insurance Fund’s Board of Directors appointed James C. Tudor as the organization’s president. Tudor’s appointment caps an extensive four month national search for a permanent State Fund CEO. Jeanne Cain, chair of the State Fund Board …

Conn. caught up in coastal insurance shutter controversy

Connecticut Insurance Commissioner Susan F. Cogswell and Andover Insurance Company agreed to suspend for 90 days the implementation of a department decision allowing the insurer to cancel the policies of homeowners who fail to install storm shutters. The moratorium, which …

Scruggs weighs moving Miss. Katrina cases to state court

In a blow to hundreds of Mississippi homeowners whose insurance claims were denied after Hurricane Katrina, a federal judge has ruled that they must file their lawsuits individually instead of in mass actions. Richard “Dickie” Scruggs, a prominent attorney who …

Oregon voters to decide on credit scoring for insurance

Insurance companies can use a person’s gender and age to determine what they pay for insurance. Oregon voters will decide in November if insurers should be able to use a person’s financial history too. In 2003, the Oregon Legislature prohibited …

7 of 10 WTC rescuers suffer lung problems

Nearly seven out of every 10 World Trade Center responders suffered lung problems during or after their work at ground zero, and high rates of lung “abnormalities” continued years after the 2001 terrorist attacks, according to a new health study …

West Virginia county courthouse fire reveals gaps in insurance coverage

The fire that destroyed the Morgan County, W. Va., courthouse last month has raised questions about whether other counties are insuring buildings adequately. Only 24 of 55 counties insure their courthouses through the state Board of Risk and Insurance Management. …

Buyer found for Hawaiian Insurance & Guaranty Ltd.

Hawaii Insurance Commissioner J.P. Schmidt, as liquidator of The Hawaiian Insurance & Guaranty Co. Ltd., announced that an agreement has been reached with a buyer for HIG. At press time, the commissioner’s office said the name of the buyer was …

Currents Archives by Month