ALABAMA Vesta Reinsurance To Cover Wilma Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida. “As previously disclosed, Vesta’s losses from Hurricanes Katrina and Rita did not reach the company’s …
Arkansas 2006 Comp Rates Released The Arkansas Workers’ Compens-ation Commission released its revised Advisory 2000-1, which describes the maximum and minimum rates to be paid to employees who suffer job-related injuries and illnesses from Jan.1, 2006, through Dec. 31, 2006. …
California CDI Amends Proposed “Action Notice” Filing Regulations The California Department of In-surance has deleted a section of proposed regulations that would have required insurers to notify CDI when a notice of agency appointment was terminated “for cause.” California Insurance …
Asian Quake Death Toll Over 50,000: The 7.6 magnitude earthquake that struck near Muzaffarabad in Pakistan-administered Kashmir on Oct. 8 killed over 50,000 people in the country. Another 1,400 died on the Indian side of the border. The number of …
MASSACHUSETTS All Signs Point Down: Massachusetts auto rates will be going down in 2006, although by how much is not yet known. Insurance Commissioner Julianne Bowler received her third recommendation, this one calling for a 5.4 percent reduction in rates, …
OHIO Hospital Group Sues WC Bureau: The Ohio Hospital Association and a member hospital sued the Ohio Bureau of Workers’ Compensation in September on claims the state did not follow legal processes for a $50 million cut in payments to …
ALABAMA AIIA Conference, Educational Sessions The Alabama Independent Insurance Agents has scheduled five upcoming seminars in Mobile, Birming-ham and Huntsville. Oct. 19, Small and Rural Agents Conference, two topics, “Agency Ethics and E&O Risk Management” and “Am I Covered When …
Arkansas Employment up in Ark. A recent report from the Federal Deposit Insurance Corp. showed that employment in Ar-kansas is at a high point-1.1734million-but warned that hurricane refugees could strain state services. FDIC’s Arkansas profile for Fall 2005 said growth …
California Judge throws out $700 million jury award in Executive Life Suit A federal judge has thrown out a $700 million (euro586 million) award for punitive damages won by the state of California in a lawsuit stemming from the takeover …
New Reports Issued on Climate Change: Hurricanes Katrina and Rita have focused more attention on global warming. The debate continues to rage over whether the higher temperatures and rising sea levels are a wholly natural cycle, or are at least …
