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 …

ABI Comments on Report on Lawyers Professional Liability Coverage

The Association of British Insurers has welcomed the publication of an independent report on the need for changes to the solicitors’ (attorneys’*) professional indemnity insurance market. The ABI noted that the report, by Charles Rivers Associates and commissioned by the …

Treasury Says Taxpayers to Profit from AIG Bailout

Insurer American International Group will get up to $22 billion more in U.S. taxpayer funds in a restructuring that will pay off the Federal Reserve in full and allow taxpayers to begin profiting from the firm’s bailout, the Treasury Department …

Can Republicans Repeal U.S. Healthcare Overhaul?

Republicans have vowed to repeal and replace President Barack Obama’s healthcare overhaul — or at least obstruct many of its provisions — if they win control of Congress on Tuesday. National polls show voters are evenly divided on the law …

Alabama Weighs 12.4% Drop in Workers’ Compensation Costs

Alabama insurance officials will consider an industry proposal to lower workers’ compensation loss costs in the state at a public hearing tomorrow in Montgomery. Citing reduced claims frequency, workers’ compensation insurers have recommended lowering voluntary market loss costs by an …

Oregon DCBS Director Leaving in January

Oregon Department of Consumer and Business Services (DCBS) Director Cory Streisinger announced she will leave her position at the end of Gov. Ted Kulongoski’s term, Jan. 10, 2011. “Heading the Department of Consumer and Business Services has been an immensely …

IronHealth Launches Protection for Risk Exposure of Government Audits

IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced a government billing errors & omissions solution that helps healthcare organizations manage the risk and expense associated with audit events involving Medicare and Medicaid billings. The product, designed as a …