January 2, 2011
Gov. Arnold Schwarzengger has appointed Larry Mulryan chairman of the California State Compensation Insurance Fund board. Mulryan replaces Jeanne Cain, whose term expired. The governor also appointed Scott Reid to the board. Mulryan was interim president and CEO of State …
December 31, 2010
Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …
December 31, 2010
Gov. Mitch Daniels and Indiana lawmakers preparing to craft the state’s next two-year budget are eyeing an obscure bank insurance fund as a possible revenue source to close anticipated budget gaps. The Indianapolis Business Journal reports that Indiana’s public deposit …
December 31, 2010
As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …
December 31, 2010
A scathing audit by the federal Department of Homeland Security questions whether some $45 million in public money was properly spent to remove debris in the cleanup of Chambers County, one of the Southeast Texas counties most devastated by Hurricane …
December 31, 2010
Calif. Insurance Commissioner Steve Poizner announced he has sent a letter to Gov.-Elect Jerry Brown to urge him to preserve the workers’ compensation insurance reforms that have reduced the Workers’ Compensation Cost Claims Benchmark by more than 60 percent since …
December 31, 2010
The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has offered a set of reform proposals designed to improve the …
December 31, 2010
Emergency management officials are urging Oahu property owners to buy flood insurance at current rates before new flood maps — and resulting higher prices — kick in next month. The Federal Emergency Management Agency says new National Flood Insurance Program …
December 31, 2010
Maine Gov. John Baldacci is requesting a damage assessment for the torrential rainstorm that deluged eastern Maine earlier this month. The Dec. 12 storm dropped 6 to 8 inches of rain in places, washing out local roads, flooding basements and …
December 31, 2010
The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said. The talks …