News Currents

Former Calif. Regulator Shoots Fla. Man During Arrest

Former California Insurance Commissioner Chuck Quackenbush, who resigned in scandal in 2000, has resurfaced as a sheriff’s deputy in Fort Myers in southwest Florida. Lee County Deputy Quackenbush, 54, was placed on administrative leave recently pending a required internal investigation …

Suit Pressures Mich. Lawmakers to Allow Licenses for Legal Immigrants

When Michigan officials recently reinterpreted state law to stop nonresidents from getting driver’s licenses, critics said it had an unintended consequence. The crackdown, intended to target illegal immigrants, also affected legal immigrants who are not permanent residents, including employees from …

Medical Costs for Auto Injury Claims Outpacing Inflation

A new study by the Insurance Research Council (IRC) has found that medical expenses reported by auto injury claimants continue to rise faster than the rate of inflation. Average claimed economic losses (which include expenses for medical care, lost wages …

Government Report Urges Changes in Wind, Flood Damage Determinations

GAO finds fault with coverage exclusions in policies and lack of data available to assist with FEMA assessments Government adjusters trying to assess the accuracy of flood claims payments from the 2005 hurricane season were hampered by a lack of …

Weather blows through top stories of 2007

Weather, directly or indirectly, was a driving force in the insurance markets for the South Central states of Arkansas, Louisiana, Oklahoma and Texas in 2007. With the exception of Arkansas, throughout the year the South Central states dealt with insurance …

Boomers to Affect Workers’ Comp in Long-Term Care Industry

The long-term care industry will be impacted substantially by the aging of the population and employment and certain sectors of the long-term care industry are forecast to grow significantly faster than average over the next several years. A National Council …

Congress Considers Disaster Legislation to Alleviate Coastal Insurance Crisis

House passes measure opposed by Bush and insurance industry remains at odds on best solution Disaster legislation is hot on the minds of congressional leaders this month as a handful of bills made their way to both the House and …

News Currents

Pennsylvania’s medical malpractice costs keep dropping The amount of money paid by a state medical malpractice insurance fund will decline for a fourth straight year, a sign that the state’s malpractice problem is improving, Gov. Ed Rendell said. The Medical …

News Currents

Catastrophic wildfires sweep across Southern California Industry estimates insured losses at more than $1.5 billion and rising Insured losses are continuing to accumulate from Southern California wildfires that burned in late October, with most insurance industry analysts estimating insured losses …

News Currents

N.Y. department prevails in liquidation bureau audit New York state’s highest court has ruled that the state auditor does not have the authority to audit an obscure division of a state agency managing $3.3 billion. The New York Court of …

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