A bill working its way through the Oklahoma Legislature would allow for the creation of an assigned risk plan providing workers’ compensation insurance. Senate Bill 524 would also repeal the CompSource Mutual Insurance Company Act; CompSource Mutual is currently the …
The start of hurricane season made me think about a topic that many of us don’t often think about in P&C insurance: residual markets. The 21st century insurance marketplace in the US is nominally a free market, but we all …
A state senator in Texas is taking the insurance industry to task for what he perceives as its disinterest in coming up with new approaches to solving coastal windstorm insurance issues. In a Senate committee meeting on March 12, Sen. …
Texas’ property insurer of last resort in coastal counties may have a difficult time remaining intact during the 2013 legislative session. Claims from 2008’s Hurricane Ike still trickle in and ongoing Ike-related lawsuits against the Texas Windstorm Insurance Association (TWIA) …
