Congressman Paul E. Kanjorski, D-Pa., chairman of the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, will hold a hearing today on the need for insurance regulatory reform . This hearing will be the first in a series …
Alabama legislators unveiled a law designed to help the Gulf Coast real estate industry and coastal homeowners hit by high insurance rates but Gov. Bob Riley said there is no current consensus to address it in a special session. The …
The nation’s insurance regulators are moving to modernize reinsurance regulation in the United States. The proposal — developed by a subgroup of the National Association of Insurance Commissioners’ (NAIC) Reinsurance Task Force — calls for amending the existing regulatory framework …
Alabama, California, Montana, Rhode Island and Washington will begin requiring insurance companies to file annual statement data as part of a growing effort to make market conduct exams more efficient that now includes 30 states. The 30 states require companies …
Mississippi trial lawyer Richard Scruggs has asked a federal judge to throw out a charge accusing him of criminal contempt in a dispute related to insurance claims after Hurricane Katrina. In court papers made public last week, attorneys for Scruggs …
A train derailment in Flomaton, Ala., over the weekend caused some anxiety and evacuations after authorities learned that the 66-car train was carrying anhydrous ammonia. The derailment that occurred after 9 p.m. on Sept. 22 when 11 of the cars …
Whether the nation needs a federal or other governmental program to deal with insurance costs and availability for natural catastrophes in U.S. coastal states was the central question at a public hearing in Mobile, Ala., Monday. Dozens of citizens gathered …
Florida Insurance Commissioner Kevin McCarty touted the need for a comprehensive national plan, and a national catastrophe fund at the National Association of Insurance Commissioners’ (NAIC) Southeast Zone meeting in Mobile, Ala., Monday. Although the focus of the meeting was …
Endurance Specialty, ARMTech Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reported that one of its U.S. based holding companies is buying out ARMtech Insurance Services Inc. and its affiliates. ARMtech is the fifth …
Alabama State Forester Linda Casey lifted a fire alert for 17 counties in the northwest part of the state last week. The affected counties are: Lauderdale, Limestone, Colbert, Franklin, Lawrence, Morgan, Marion, Winston, Cullman, Lamar, Fayette, Walker, Jefferson, Pickens, Tuscaloosa, …
