Currents

Going after unpaid claims

Louisiana Recovery Authority is considering going after insurance companies on behalf of homeowners who are having trouble with claims on their storm damaged homes. According to the Associated Press, Louisiana’s program to help rebuild or relocate may sue insurers for …

Western states face mold danger despite dry climate

Contrary to popular belief, climate is not a good gauge for mold risk, according to a ranking of states at risk for mold contamination on commercial and residential property. Areas with dry climates such as Nevada and Arizona made American …

‘Adequate rate for the risk’ a big concern for industry executives

The question of how to structure property insurance rates adequately in coastal zones while still making it affordable for people to live and work there is becoming an increasingly important one to insurers and consumers alike, especially in the wake …

Spokane diocese settles claims with two insurers

The Roman Catholic Diocese of Spokane has reached agreements with two more insurance carriers on payments to cover sexual abuse claims as the diocese’s bankruptcy case heads into mediation. In a statement, Bishop William S. Skylstad said CNA Insurance agreed …

Flooding in Pennsylvania destroys 518 homes

The floodwaters that inundated parts of Pennsylvania last month destroyed at least 518 homes and affected another 7,100 homes and businesses, according to the Pennsylvania Emergency Management Agency. The preliminary damage figures are almost certain to grow as investigators continue …

Bid deadline for verification system looms

The Texas Department of Insurance revised the bid deadline for competitive offers from individuals and/or entities for the establishment of a motor vehicle financial responsibility program in accordance with the terms of Senate Bill 1670, as enacted by the 79th …

Washington fines Geico $120,000 for credit-scoring violations

Washington state’s insurance commissioner fined four Geico Inc. insurance companies $120,000, alleging they used an unapproved scoring model to evaluate and offer personal auto coverage to consumers two years ago. Insurance Commissioner Mike Kreidler said the companies — Government Employees …

Maryland tends to alcohol training

Groups offering state-mandated alcohol-awareness training to bartenders and liquor-store workers would have to provide at least three hours of instruction and give a state-approved test under rules proposed by the Maryland Comptroller of the Treasury. The proposal would standardize requirements …

Safeco CEO: ‘We will sell to consumers in the way they want to buy’

Explaining Seattle-based Safe-co’s recent announcement that it would sell its products directly to the consumer over the Internet, president and CEO Paul Rosput Reynolds said the company previously had been not “completely honest” about its sales distribution channels. “I felt …

Natural deposits of asbestos found in at least 20 states

Most people hear the word asbestos ans think of home insulation, deteriorating ceiling tiles, or scuffed flooring. Few realize the soil in their yard, school athletic field, or neighborhood park might be tainted with the mineral. The July 8 Science …

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