Washington aims to establish insurance fair conduct act The Washington Senate adopted an amended bill that insurance associations say will increase the number of lawsuits filed and needlessly drive up insurance costs for consumers. Senate Bill 5726 was developed to …
Hartford Specialty Risk’s Sullivan named Conn. insurance chief Connecticut Governor M. Jodi Rell is naming a claims administration executive, Thomas R. Sullivan, to be the state’s insurance commissioner, replacing Susan Cogswell who is stepping down from the top regulatory post …
Multiple factors came together in 2002 and 2003 that led to increased political pressure and calls for more oversight of SCIF. Management shaken up, investigations ensue at Calif. State Fund California Gov. Arnold Schwarzenegger’s administration continues its efforts to clean …
Fatal Bronx fire reminder of lax safety in many multi-family dwellings Fire fatalities have steadily declined in the U.S. since the late 1970s, thanks partly to improved building codes requiring safety measures such as sprinkler systems, multiple fire exits and …
Judges fault Spitzer on case against Greenberg over charity funds One of Eliot Spitzer’s more contentious cases from his years as attorney general in New York was criticized by a panel of retired judges who discounted his claims that insurance …
Tenn. bill seeks certification to reduce med-mal claims Tennessee lawmakers are working on a compromise medical malpractice reform bill that wouldn’t set a cap on damages but would create a way to penalize lawyers who bring frivolous lawsuits. The compromise …
Restoration work continues after Florida tornadoes With the final death toll standing at 20, the tornadoes that slammed central Florida on Feb. 2 have been dubbed “Ground-Hog Day Tornadoes” by The Florida State Emergency Response Team. The groundhogs in Sumter, …
New insurer caters PUREly to Florida’s wealthiest residents Florida’s wealthy residents have a new personal lines insurer promising to save them money on premiums. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess …
The Texas Department of Insurance said on Mar. 9, 2007, it will require homeowner insurance carriers to file and justify their current rates in the coming months. The department said 2006 loss ratios, recent changes in the Texas market, and …
Ark. Senate passes teen driving rules; highway bond measure Teenage drivers in Arkansas would have more restrictions on their driving privileges under Senate Bill 196, which recently passed the state Senate. According to the Senate announcement, teens with a learner’s …
