The Louisiana Senate voted to allow insurance companies to set different, “named storm” deductibles on homeowner policies depending on how far a property is from the hurricane-prone Gulf of Mexico. Louisiana is the only state that requires insurers set a …
Eugenie Shea joined Austin, Texas-based medical liability insurer Medicus Insurance Company as president and chief operating officer. In addition to her responsibilities as president and COO, Shea will also serve as executive vice president of the parent company, Medicus Insurance …
The new director of Arkansas’ Martin Luther King Commission made misrepresentations in insurance claims for traffic accidents tied to an insurance fraud ring, according to a circuit court case filed by the Arkansas Insurance Department. DuShun Scarbrough, who began working …
Baxter County Heritage Museum in Gassville, Ark., damaged by a tornado while closed for its winter break, will not reopen in the historic building it has occupied for eight years. Officials say a new site will be sought in Mountain …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the Property Claim Services (PCS) unit of Insurance Services Office include …
Arkansas Insurance Commissioner Julie Benafield Bowman announced a decrease in workers’ compensation rates effective July 1, 2008. Since the passage of an all-encompassing workers’ compensation legislative reform package in 1993, along with the implementation of high workplace standards and aggressive …
Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …
Arkansas is losing $4.3 million in federal money already allocated for workforce training programs, Gov. Mike Beebe said. Beebe provided details of the cut in his pre-recorded radio address, released April 18. The move by the Department of Labor rescinds …
With some notable exceptions – southern Louisiana for one – the economies of the South Central states seem to be holding steady against the looming prospect of a nationwide recession. Populations are growing in Arkansas, Louisiana, Oklahoma and Texas and …
One’s Too Many “Personal injury lawyers in Texas want to see the telemarketing of injury victims stopped. It is a small percentage of chiropractors and lawyers who engage in this conduct, but even one instance is too many.” —Allen Rogers, …
