Insurance companies have until Oct. 31 to review the discounts they offer for property insurance policies in Louisiana that don’t cover wind or have high hurricane deductibles, according to a bulletin issued by the Louisiana Department of Insurance. Department officials …
An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee late last month that a major tax advantage for certain foreign insurance groups could threaten the future of the domestic insurance industry. …
Idaho Department of Insurance Director Bill Deal announced that the state’s workers’ compensation premium rates will be reduced by an average of 3.7 percent for 2008. “This decrease points out the stability of workers’ compensation coverage in Idaho,” Deal said. …
Overland Park, Kan.-based insurance agency franchisor Brooke Corp. has been hit with a number of lawsuits that raise questions about its business dealings with agents who bought into its nationwide operation, which now boasts some 800 locations. Brooke Corp. itself …
Flooding concerns continue to plague states in the Midwest after the latest round of high winds, tornadoes and heavy rain in late August. Some state officials are seeking federal aid to help homeowners and businesses get back on their feet. …
The Association of California Insurance Companies is urging Gov. Arnold Schwarzenegger to sign into law legislation that it said could encourage expansion of the workers’ compensation insurance market in California. ACIC President Sam Sorich said the bill, SB 316 by …
A three-week Florida special legislative session scheduled to begin Sept. 18 has been postponed, meaning lawmakers will probably not act to halt the Oct. 1 expiration of a key no-fault auto insurance law. The session was to focus on a …
More than $120 million in federal disaster aid has been approved so far in 2007 for storm-battered Oklahoma. According to the Federal Emergency Management Agency (FEMA), more than 4,500 Oklahoma residents affected by storms between June 10 and July 25 …
Calabasa, Calif.-based Countrywide Financial Corp. has announced plans to address changing market conditions, in part due to the subprime mortgage meltdown. As part of the plan, the company said it would be reducing its workforce by a total of 10,000 …
Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season. The state’s politicians promised homeowners their insurance premiums would go down after the state enacted reforms in January but the politicians and many …
