Fla. agents advise consumers of coverage gaps, likelihood of assessments with Citizens Florida’s insurance agents are advising consumers seeking coverage from Citizens Property Insurance Corp. to proceed cautiously, especially for those making comparisons with the private market. Coverage in the …
Ky. Gov. Fletcher wiling to compromise on medical tort reform In a blunt assessment, Kentucky Gov. Ernie Fletcher told fellow doctors recently that chances of limiting pain-and-suffering damages in medical malpractice cases are bleak because of resistance from some state …
Insurance companies have until Oct. 31 to review the discounts they offer for property insurance policies in Louisiana that don’t cover wind or have high hurricane deductibles, according to a bulletin issued by the Louisiana Department of Insurance. Department officials …
Tyler named Maryland commissioner Maryland Gov. Martin O’Malley named attorney and long-time advisor Ralph S. Tyler to be the state’s insurance commissioner responsible for overseeing the regulation of Maryland’s $26 billion insurance industry. Tyler had been serving as chief legal …
Calif. governor signs law to ban teen cell phone use while driving California Gov. Arnold Schwarzenegger has signed SB 33 by Joe Simitian, D-Palo Alto, banning teenage drivers from using all electronic devices — such as cell phones, pagers and …
11 N.J. public officials caught in FBI insurance sting U.S. Attorney for New Jersey Christopher J. Christie talks in Trenton, N.J. on Sept. 6 about the investigation with the FBI that led to arrests of 11 public officials in towns …
Wash. wants comp rate increase Washington’s Department of Labor and Industries has proposed raising workers’ compensation rates 3.2 percent in 2008, with the average premium increasing by just more than 2 cents per hour worked. L&I indicated the rate increase …
Officials in Midwest seek Federal aid after August storms Flooding concerns continue to plague states in the Midwest after the latest round of high winds, tornadoes and heavy rain in late August. Some state officials are seeking federal aid to …
Insurers have manageable exposure to subprime turmoil, report says The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds …
Court to hear suit on state’s use of Miss. surplus lines funds The 5th U.S. Circuit Court of Appeals in Jackson, Miss., will hear arguments Oct. 1 about whether the Mississippi Legislature unconstitutionally raided an insurance fund in 2004 to …
