Government News

Republican Hudgens Elected Georgia Insurance Commissioner

Republican state Sen. Ralph T. Hudgens will be the new Georgia insurance and fire safety commissioner. Hudgens defeated Democrat Mary Squires, garnering 54 percent of the vote to 42 percent for Squires. Hudgens will succeed fellow republican John Oxendine as …

Washington Voters Reject Privatization of Workers’ Compensation System

Voters in the state of Washington have rejected a measure to inject private insurer competition into the state’s workers’ compensation system. The insurance industry hoped to open up the state’s workers’ compensation insurance system to the private market and eliminate …

Republican Scott Wins Florida Governor Race; Atwater Elected CFO

Floridians woke up this morning without knowing for certain who will be their next governor, although Republican healthcare executive Rick Scott held a slight edge over Democrat Alex Sink. Sink waited until final results were in and finally conceded the …

West Virginia Court Upholds Mine Safety Office Authority

The authority of West Virginia’s mine safety office to suspend coal miners has been upheld by the state Supreme Court. The decision stems from the death of locomotive driver Victor Goudy at Consol Energy’s McElroy Mine two years ago. Goudy …

Court Reduces Award in University of Kentucky Football Player’s Death

The Kentucky Court of Appeals has reduced the monetary award in a lawsuit over the death of a University of Kentucky football player. The court halved the $60 million in punitive damages to $30 million, ruling the award in the …

Calif. State Fund: Getting Better Day by Day

In the ever controversial topic of workers’ compensation insurance in California, State Compensation Insurance Fund President and CEO Tom Rowe seemingly offers a bit of Zen. Rowe, who took the helm of the company in July 2010, readily expects challenges …

White House to Business: Why Can’t We Be Friends?

It seemed like the beginning of a beautiful friendship — or at the very least a functional relationship. In March 2009, with the United States on the brink of recession and the stock market at 12-year lows, President Barack Obama …

Doak Wins Oklahoma Insurance Commissioner Race

Oklahoma will have a new insurance commissioner next year, as insurance agent John Doak joined the Republican sweep in the Nov. 2 midterm elections to defeat current Commissioner Kim Holland. Unofficial results from the Oklahoma State Election Board show Doak …

Ratings Recap: Chartis U.S Subs; Landcar, Prism, Pacific Pioneer

A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” and assigned an NR-5 (Not Formally Followed) to the FSRs and “nr” to the ICRs of Louisiana-based Audubon Insurance Company and …

North Carolina Court Rejects Counties’ Challenge to 2008 Homeowners Rates

Municipalities do not have standing to challenge decisions on insurance rates issued by the state insurance department, a North Carolina Court of Appeals has ruled. Twelve North Carolina counties, led by dare County, along with 10 towns and two private …