November 20, 2006
Oregon voters rejected Measure 42 — which would have banned the use of credit-based insurance scoring — by nearly a two-to-one margin of 65.58 percent to 34.42 percent in November’s election. The initiative was watched closely, as the insurance industry …
November 20, 2006
The American Insurance Association (AIA) and the National Association of Mutual Insurance Companies (NAMIC) said that common sense triumphed in South Dakota with the sound defeat of Amendment E, the so-called “J.A.I.L. for Judges” initiative. Early returns showed the amendment …
November 20, 2006
West Virginia’s workers’ compensation insurer may have to spend nearly $4 million more than planned on benefits for the families involved in January’s Sago Mine disaster. BrickStreet Mutual Insurance Co. had set aside $7.1 million early in the year, but …
November 20, 2006
The California Office of Administrative Law (OAL) has decided to accept a petition filed by Insurance Brokers and Agents of the West (IBA West) requesting review of the outgoing Insurance Commissioner John Garamendi’s attempt to designate a recent settlement as …
November 20, 2006
Med mal “Stabilizing measures taken in the last few years by the Ohio Department of Insurance and the Ohio Legislature to reverse Ohio’s medical liability insurance crisis continue to show positive results.” Director Ann Womer Benjamin comments on the downward …
November 20, 2006
Uncovered crime “Larger firms may be able to absorb the financial shocks of employee crime, but smaller firms may be faced with financial disaster. Surprisingly, our research shows that more than two-thirds of private companies do not buy crime insurance.” …
November 20, 2006
Washington Insurance Commissioner Mike Kreidler has launched a new Web-based tool for insurance consumers, called the annual Complaint Comparison Guide. The Washington guide is designed to allow consumers to search online for their auto, health and homeowners insurance company, and …
November 20, 2006
The goal of fair and balanced courts in states throughout the country was advanced in a number of state Supreme Court elections, according to the American Insurance Association. Contestable state Supreme Court elections were held in 16 states in the …
November 20, 2006
A veteran Republican Georgian commissioner and a Democratic novice Florida financial chief promise to play key roles in insurance issues in the Southeast in the years ahead as a result of the midterm elections. When the dust settled after the …
November 20, 2006
Washington Gov. Chris Gregoire announced that the state’s employers and workers could save an estimated $315 million in workers’ compensation premiums next year as the result of a six-month partial suspension of rates proposed by the Department of Labor and …