Californians might have more reason to retrofit their homes to better withstand a major earthquake, thanks to a recently adopted building code for retrofitting existing structures. The standard, approved in August by the state Building Standards Commission, is the first …
Maryland’s highest court has upheld a state law that limits the amount of money people can receive for suffering in lawsuits. Judges on the Court of Appeals ruled against the parents of a 5-year-old boy who drowned at a Crofton …
The Florida Office of Insurance Regulation (OIR) recently conducted a public hearing with the Florida Health Insurance Advisory Board (FHIAB) to review the impact of the federal Medical Loss Ratio (MLR) requirements. The medical loss ratio requirements, which go into …
With Less Than a Year to Go, Can States Agree on Tax Sharing Plan? 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 …
Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed. The transaction, which includes the rights to the American Live Stock and Harding …
The good news is that the National Flood Insurance Program (NFIP) has been extended until Sept. 30, 2011. The bad news is that the National Flood Insurance Program (NFIP) has been extended until Sept. 30, 2011. It’s good news because …
McQueary Henry Bowles Troy Soars High With Faith, Texas Values and the Ultimate Angel Investor If a creative insurance cinematographer were to capture the story of McQueary Henry Bowles Troy LLP, it might appear to be a familiar tale. That’s …
A judge has refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of federal bailouts. The ruling by U.S. …
It’s cash-rich, led by a CEO with political aspirations, and was last year’s top S&P 500 performer. Pressured by soft pricing and slow premium growth, (re)insurer XL Group is also undervalued, analysts say, and a prime target for a bidder …
Reporting, Payment, and Allocation of Premium Taxes: Only the home state of insured may require premium tax payment. States may enter into a compact or other procedures to allocate among the states taxes paid to home state. Congress intends for …
