News Currents

News Currents

Drive Insurance from Progressive lowers auto rates in Colorado The Drive Group of Progressive Insurance Companies is lowering auto insurance premiums in Colorado by an average of 5.2 percent for new customers effective Sept. 6 and existing customers effective Oct. …

News Currents

Despite Katrina lessons, Congress keeps extending flood insurance The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized …

News Currents

NFL Steeler Webster’s estate awarded disability benefits The estate of NFL Hall of Fame center Mike Webster is entitled to collect more than $1.5 million in disability benefits because brain damage left him unable to work following his football career. …

News Currents

AAA holiday concerns: speeding triples odds of crashing Lower fuel prices, mild weather spur more trips to holiday favorite spots. Anxious to arrive quickly at your destination this holiday season? Well, what about safely? Driving faster than surrounding traffic, driving …

News Currents

Miss. art museum relocation awaits FEMA, insurance monies Leaders who run Biloxi’s Ohr-O’Keefe Museum of Art are reluctantly considering abandoning its incomplete and storm-damaged beachfront site designed by acclaimed architect Frank Gehry. They could end up moving the museum to …

News Currents

Mass. closes in on long-awaited transition to auto assigned risk plan Massachusetts Insurance Commissioner Julianne M. Bowler has ordered the implementation of an assigned risk plan for the state’s private passenger auto insurance market. The assigned risk plan will replace …

News Currents

Report recommends phase-out of Pennsylvania med-mal subsidies Pennsylvania should get out of the medical malpractice insurance business and return the medical malpractice market to the private sector as soon as possible, according to a recent report. Insurance Commissioner Diane Koken …

News Currents

Judge rules in favor of plaintiffs in New Orleans canal case In a decision that could cost insurers billions of dollars more than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans ruled that …

News Currents

Wis. Insurance Commissioner Gomez resigns Jorge Gomez, the Wisconsin state insurance commissioner since 2003, will be leaving the position to return to the private sector, Gov. Jim Doyle recently announced . Doyle said a successor would be named soon. Doyle …

News Currents

Fla. businesses bemoan skyrocketing insurance costs Small business owners in the Jacksonville, Fla., area are feeling the pinch of skyrocketing property insurance premiums and more than half of them said they will need to pass those costs on to consumers, …

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