Economy News

Say What You Mean: Character, Integrity and Independent Agents

“I meant what I said, and said what I meant…” Although that quote was written in 1954 by Dr. Seuss in his book “Horton Hears a Who,” it is a powerful reminder today to act with character and integrity. “Horton …

Legislators Introduce National Insurance Consumer Protection Act

Two congressional leaders introduced legislation today that would create a federal regulator for insurance as an alternative to the current state-based regulatory structure currently in plan. Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., introduced their bipartisan insurance regulation …

U.S. Health Secretary Nominee Sebelius Vows Food Safety Upgrade

Kansas Governor Kathleen Sebelius vowed Tuesday to make the Food and Drug Administration a “world class” regulatory agency and to work with industry to improve food safety if she is confirmed as health and human services secretary. Sebelius told the …

Rhode Island, Paint Cos. Await Decision on Lawsuit Costs

The Rhode Island Supreme Court may have derailed the state’s lawsuit against former lead paint companies last summer, but one critical issue still remains — and it’s worth millions of dollars. A judge will decide whether the state must reimburse …

Oklahoma Governor: Stimulus Road Projects Kicking Off

Oklahoma Gov. Brad Henry and state transportation officials announced that contracts soon will be awarded for $250 million in road and bridge projects, providing a boost to the Oklahoma economy. The first phase of the economic stimulus program has projects …

Florida House Moves Workers Comp Attorneys’ Fee Limit Bill

A bill that would restore a cap on attorney’s fees in Florida workers’ compensation cases is ready for a final vote in the House. After an amendment was defeated, the measure (HB 903) sponsored by Rep. Anitere Flores, R-Miami, was …

Insurers Find Geithner Regulatory Plan Unclear on Federal Role

The nation’s insurance industry found some things to like and not to like in Treasury Secretary Timothy Geithner’s proposed restructuring of financial services regulation. While Secretary Geithner said that any federal regulatory authority should not replace state regulation of insurance, …

Georgia Lawmakers Defeat Pickup Truck Seat Belt Law

A bid to require adults in pickup trucks to buckle their seat belts was narrowly defeated by a Georgia House panel, defying supporters of stronger safety standards that have been adopted by much of the nation. The House Consumer Affairs …

The Hanover Launches Wholesale Distributors Program

The Hanover Insurance Group Inc. introduced a new insurance program that offers specialty coverages for wholesale distributors and manufacturers. The new program, Wholesale Advantage, offers coverage for a broad range of companies within the wholesale industry, focusing on distributors of …

Ohio Man Sues Continental Over Mileage-Award Fees

An Ohio man is suing Continental Airlines Inc. for raising the number of miles needed to earn a free trip and then charging him $75 to book the flight. David Simon’s lawyer asked a federal court to approve class-action status …