Rhode Island’s estimated budget deficit could grow by almost $100 million because of a stalled settlement with an insurer accused of deceptive business practices, state officials warn. As part of a massive settlement reached last year, American International Group Inc. …
Fire scientists are predicting an above-average wildfire season from May through August 2007, according to the National Interagency Fire Center Predictive Services Group based in Boise, Idaho. In its “National Wildland Fire Outlook,” the group said “significant fire potential is …
An Oklahoma surgeon said he will not treat legislators who voted against a bill to curb malpractice insurance rates and suggested they go to Texas for surgical procedures. Unless it is an emergency, Dr. Peter S. Hedberg said he will …
The Travelers Companies, Inc. has set up a multi-year catastrophe bond program to provide reinsurance protection for its insurance subsidiaries for losses resulting from hurricanes and certain other catastrophes in the U.S. Travelers may obtain reinsurance under the program by …
Hawaii Gov. Linda Lingle handed state employers a victory this month, when she vetoed House Bill 854. The bill would have required wage loss or temporary total disability payments continue to be paid even during a dispute, only to be …
State Farm Fire and Casualty Co. has agreed to reopen and possibly pay claims for about 350 policyholders in Louisiana whose homes were destroyed by hurricanes Katrina or Rita, the company announced recently. State Farm patterned its agreement with Louisiana …
State inspectors in Massachusetts will target small companies handling dangerous materials in residential areas to try to prevent a repeat of a Danvers explosion that was blamed on a build up of chemical vapor. The state fire marshal’s finding released …
The board for Montana’s state workers’ compensation system has authorized a 1 percent decrease in the overall rates paid by policyholders. The State Fund board authorized the decrease, for the coming year. The action marks the first time in six …
Event based process to be implemented first, ongoing verification to start later A statewide system to verify that drivers in Texas have insured their vehicles to the extent required by law is in the process of being developed and is …
Maine Gov. John Baldacci has signed a bill that will make failure by motorists to use seat belts a primary offense, but violators will only get warnings for the first few months the law’s in effect. Under current law, police …
