Currents

U.S. Supreme Court nixes ethics challenge to State Farm ruling

The Supreme Court has refused to consider whether a top judge in Illinois improperly voted to throw out a $1 billion judgment against State Farm Insurance Co. after accepting campaign donations from company lawyers and executives. The case raised an …

Progressive drives into W.Va.

The Progressive Group of Insurance Companies has announced it is now offering commercial auto insurance in West Virginia. While Progressive’s commercial coverages are available directly to consumers by phone and over the Internet, the company said most consumers choose to …

Agents: Federal proposal will be Trojan horse for optional federal charter

The National Association of Professional Insurance Agents recently reaffirmed its opposition to any proposals that call for a so-called “optional” federal charter for insurers. “Those who want to dismantle state regulation of insurance and replace it with a federal government …

DFS suggests Fla. homeowners reforms

The Florida Department of Financial Services in Tallahassee has announced a new round of homeowner-friendly insurance reforms to better protect and prepare Floridians for a catastrophic event, and to help them shop for property insurance. The new reforms, initiated by …

Wausau Signature Agency unveils new Employee Benefit Division

Wisconsin-based Wausau Signature Agency has unveiled its new Employee Benefits Division with comprehensive sales, marketing and service capabilities to fully complement its traditionally-strong property and casualty products and services. Rod Flanders has been named as the WSA vice president-Employee Benefits. …

Miss. suspends 180-day deadline on Katrina repairs

Commissioner of Insurance George Dale suspended the 180-day repair deadline provision in personal and commercial property replacement insurance policies as to Hurricane Katrina claims in Bulletin #2006-3 issued on Friday, Feb. 24. In the same bulletin the commissioner suspended the …

AIG settles with Michigan for more than $5.2 million

Attorney General Mike Cox reported that American International Group Inc. and its subsidiaries (AIG) have paid more than $5.2 million to the state of Michigan, representing the underpayment, with interest, of workers’ compensation premium taxes and related fees and assessments …

Multi-state class actions could infringe on state regulators

Allstate Insurance Co., the National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America have joined forces requesting a review of a Court of Appeals decision involving a multi-state class action appeal currently before the Washington …

Ark. shooting not covered by insurance policy

An auto insurance company does not have to defend a customer in St. Francis County who, while sitting in his pickup truck, shot another person through the wall of a house, the Arkansas Court of Appeals has ruled. Judges reversed …

Hawaii leads nation in motorcycle theft

Honolulu motorcycle riders are most likely to have their bikes stolen, although the city is the 53rd largest metropolitan area, according to a recent study by Progressive Group of Insurance Companies. A motorcyclist in Honolulu is four times more likely …

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