The Department of Consumer and Business Services announced the pure premium rate for workers’ compensation will increase 1.9 percent starting in 2012, the first rate hike in Oregon in more than 20 years. The decision on the rate hike, based …
The House of Representatives yesterday approved a temporary continuing resolution that funds the government through next Tuesday, Oct. 4, which is when Congress is expected to consider another short-term resolution funding the government through Nov. 18. The latest bill includes …
The insurance unit of Wells Fargo & Co. has purchased ISU Stetson-Beemer Insurance, an insurance brokerage and consulting firm in Reno, Nev. The purchase closed on Sept. 1. Terms of the deal were not disclosed. Stetson-Beemer, founded in 1923, provides …
Berkshire Hathaway’s medical professional liability insurance unit, Medical Protective Co., is purchasing New Jersey-based Princeton Insurance Co., a professional liability insurer for healthcare providers. Princeton Insurance was previously owned by Medical Liability Mutual Insurance Co., a New York-based professional liability …
In addition to the $5.2 billion in agricultural losses as a result of the drought in Texas this year, an additional $150 million in losses can be attributed to wildfires, according to state agriculture experts. Dr. Andy Vestal, Texas AgriLife …
Oklahoma homeowners will be eligible for a cash rebate of up to $2,000 for the installation of a qualified tornado shelter under a program announced by Gov. Mary Fallin. Using $1 million in federal grant money, the program will provide …
The Alamo Chapter Society of Chartered Property and Casualty Underwriters (CPCU) in San Antonio, Texas, announced that Susan G. Shoemake has been installed as president of the chapter for 2011 – 2012. Shoemake, who holds the CPCU and ARM designations, …
The Illinois Supreme Court has cleared the way for plaintiffs’ attorneys to push that a $10.1 billion verdict against cigarette-maker Philip Morris be revived, sending the matter back to the trial court for more hearings. The court upheld a state …
Indianapolis, Ind.-based property/casualty and employee benefit agency, MJ Insurance, for the eighth consecutive year has been recognized as a ‘Best Practices Agency’ by the Independent Insurance Agents & Brokers of America’s (Big ‘I’). Last year, which marked the start of …
The Harris County Flood Control District announced it has launched a new tool to help Harris County, Texas, residents gain knowledge about floodplains and their flooding risks. The Flood Education Mapping Tool can be found online at www.hcfcd.org and builds …
