The Oklahoma Supreme Court has overturned a state law intended to raise revenue for the state’s Medicaid program. The ruling posted on the court’s Web site said the measure violates the state Constitution, the Associated Press reported. It came a …
More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over, according to the Louisiana Department of Insurance. The assessments were imposed …
Writing about the landfall of Hurricane Katrina five years ago, essayist Ellis Anderson of Mississippi likened the communities along the gulf to a string of pearls. “Then, in August 2005, in the course of a single morning, Katrina severed the …
Louisiana Workers’ Compensation Corp. (LWCC) promoted two key executives. Paul Buffone is now senior vice president of Risk Management Services, and David T. White is now vice president of Internal Audit. Buffone started with LWCC in 1993 as a law …
Former Houston Mayor Bill White, a Democrat campaigning to replace Repub-lican Rick Perry as governor of Texas, says homeowners insurance rates in Texas are too high and should be more regulated. White said Texans pay an average $626 more than …
Two Northeast insurance commissioners announced plans to step down from their jobs in the last month. Pennsylvania Insurance Commissioner Joel Ario has stepped down as the state’s top insurance regulator to take a position with the federal government as director …
The Texas Windstorm Insurance Association recently filed for 5 percent increases in both its residential and commercial rates, effective Jan. 1, 2011. While indications are those hikes won’t bring the rates for the state’s coastal insurer of last resort up …
A mortgagee that foreclosed on a fire-damaged apartment building in Massachusetts cannot recoup lost rent under a business owner’s policy, the state’s Appeals Court has ruled. The case centered on a lawsuit filed by Casco Bay Finance Co. against Quincy …
As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending a 29.6 percent increase in pure premium rates or “claims cost benchmark” effective Jan. 1, 2011. Pure …
New Jersey workers’ compensation laws do not prevent a construction worker injured in a trench collapse from suing his employer, a state Appeals Court has ruled. The lawsuit – which was originally dismissed by a lower, Superior Court – stems …
