Representatives of riverside communities in Montana say looming federal requirements that they upgrade or certify local levee systems could overwhelm small town budgets. Homeowners in areas that don’t meet the requirements would see flood insurance rates increase. The government is …
Lawmakers have signed off on allowing West Virginia’s cities and towns to tap insurance proceeds when clearing away buildings destroyed by fire. The Senate has sent Gov. Joe Manchin his proposal to allow municipalities to file insurance liens. The House …
Injuries in the trucking industry led to more than $480 million in workers’ compensation medical and indemnity payments, according to the California Workers’ Compensation Institute. The group, which released a new “Industry Scorecard” showing detailed data on accident year (AY) …
Nearly a year after the state’s worst wildfire, forest managers and landowners have asked legislators to give them more protection from lawsuits when they intentionally set fires to reduce debris that could fuel wildfires and inadvertently damage property. Forestry experts …
In a briefing session to introduce a package of bills supported by the Louisiana Department of Insurance for the upcoming legislative session, Insurance Commissioner Jim Donelon described the state’s insurance market as being in “good shape” and said the department’s …
Florida officials say a statewide sweep of staged accident scammers last week resulted in the arrest of 19 suspects, including arrests in Ft. Myers, Miami, Orlando, Pensacola, Tampa and West Palm Beach Florida CFO Alex Sink said that since July …
The Georgia Supreme Court has upheld the state’s 2005 tort reform legislation that limits the liability of emergency room medical care providers. The 4-3 ruling turned aside complaints that the law is unconstitutional because it gives special liability exemption to …
The Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill to be unveiled on Monday by the U.S Senate’s architect of financial reform. In a turnaround for …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of General Insurance Corporation of India (GIC), both with stable outlooks. The ratings reflect GIC’s “strong capitalization, stable expense ratio and established …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of American Modern Insurance Group of Amelia, Ohio and its property/casualty members. The outlook for all ratings is stable. Best …
