Undoubtedly bills will be filed to strengthen Mississippi’s texting-while-driving ban during the 2011 legislative session, and questions about enforcement are sure to be raised. A law enacted in 2009 banned beginning teenage drivers from sending text messages from behind the …
A Winnsboro, La., agent was served by the Louisiana Department of Insurance Fraud Section Investigators with a cease and desist order, a summary suspension order and a $10,000 fine notice for alleged misrepresentation. The case against Todd Samuel Easterling was …
The National Association of Insurance Commissioners (NAIC) welcomed 13 regulators from China, India, Korea, Lebanon, Republic of Srpska and Thailand to its International Internship Program for Education and Regulatory Cooperation. The fall program kicks off in Kansas City, Missouri this …
An administrative law judge has reduced some of the fines levied against International Coal Group Inc. for the 2006 Sago Mine explosion that killed 12 men and downgraded some violations the Mine Safety and Health Administration called “unwarrantable failures.” The …
Florida Insurance Commissioner Kevin McCarty has approved additional rate increases for state-backed Citizens Property Insurance Corp. The latest round affects condominium associations, commercial buildings, rental properties and other structures. Commercial nonresidential rates in high-risk coastal areas will rise by 9.9 …
The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation and taxation issues for surplus lines. …
A big drop in the size and amount of payouts from Pennsylvania’s Mcare fund show that the state’s medical malpractice climate is improving, Gov. Edward Rendell said. Over the last seven years, Mcare —which provides the catastrophic level of insurance …
Texas- based Biglari Holdings, which runs Steak n Shake and other restaurants, is making another bid for the Michigan property/casualty insurer, Fremont Michigan InsuraCorp. Inc. The San Antonio holding company has proposed to acquire 100 percent of the stock of …
The Gulf of Mexico oil spill will push up costs and reduce the number of offshore oil and gas operators in U.S. waters for a long time to come, oil company executives told an industry conference in London on Tuesday. …
The Wisconsin regulator for Ambac Financial Group has filed a plan to wind down the more than $50 billion remaining of insurance policies related to securities that it seized in March. Under the plan, holders of allowed claims will receive …
