California is considering legislation that would require insurers to report California community-related investments to the insurance commissioner every two years. AB 925, authored by Assemblyman Mark Ridley-Thomas, D, and sponsored by California Insurance Commissioner John Garamendi, recently passed in the …
Hempkins named president for 2006-2007; Sanford honored with Drex Foreman Award Robert W. Hempkins, founding principal of Hempkins Insurance, Denison, was sworn in as president for 2006-2007 of the Independent Insurance Agents of Texas at the association’s 109th Annual Conference …
The Court of Appeals of Oregon has decided that an insurance company’s indemnity obligation to its policyholders is joint and several, not pro-rata, in environmental liability insurance coverage case. In Cacade Corp. v. American Home Assurance Co., the Appeals Court …
Florida insurance agents rolled out a new, state-of-the-art catastrophe response vehicle just in time for the arrival of Tropical Storm Alberto. At press time for this issue, the National Hurricane Center was unsure whether the storm, which on June 13 …
Safeco Outlook Positive Standard & Poor’s Ratings Services affirmed its “A+” counterpart credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its “BBB+” counterparts credit and senior debt ratings and “A-2” commercial paper ratings on …
More than 11,300 car accidents happen in the Albany, N.Y. metropolitan area each year — that’s about 215 a week. Many claims cause less than $2,000 in damage but, according to Progressive Insurance, the time wasted and inconvenience caused are …
Florida insurance officials are vowing to enforce a new rule regarding the use of credit scores in insurance starting September 1, despite protests from the industry that the rule is too stringent. The Financial Services Commission unanimously adopted the rule …
Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses. Allstate Spokesman Mike Siemienas in Chicago said four states require …
Massachusetts Rep. Ronald Mariano, D-Quincy, and the committee staffers who crafted his auto insurance competitive rating bill tried to sweeten the deal by throwing some bon bons into the box, including fraud fighting funds, an apparent ban on the use …
Irate Florida legislators, upset after Gov. Jeb Bush vetoed the state’s no-fault auto insurance law, are vowing to place the topic of no-fault insurance and the personal-injury-protection bill on the front burner during the spring sessions of the 2007 Legislature. …
