Idaho News

News Currents

Alaska, Idaho could face new insurance regulators The insurance commissioner posts in Alaska and Idaho are likely to change, following November’s mid-term elections. In Idaho, U.S. Rep Butch Otter, R, defeated opponent, newspaper publisher Jerry Brady, in the race for …

Wal-Mart Expands $4 Generic Drugs to 11 More States

Wal-Mart Stores Inc. is expanding its $4 generic prescription program to 11 additional states and adding 17 more prescriptions to the program. The world’s largest retailer added 502 stores to those offering the discounted medications. The new states added Thursday …

Verizon Wireless, Insurers Fined for Violations in Washington

Washington Insurance Commissioner Mike Kreidler has fined Verizon Wireless Services LLC of Bedminster, N.J., $25,000 for failing to sell service contracts under its legal corporate name, a violation of state insurance law. State law requires the company to conduct business …

Neb. Senator’s Driver’s Certificate Legislation Raises Questions

To combat problems created by uninsured drivers, Nebraska State Sen. Ray Aguilar of Grand Island plans to introduce legislation next year that would create a driver’s certificate. The certificate would allow a person without a Social Security number to obtain …

PXRE Posts $4.5 Million Q3 Profit; Conference Call Scheduled Today

The Bermuda-based PXRE Group Ltd. reported net income before convertible preferred share dividends of $4.5 million compared to a net loss before convertible preferred share dividends of $317.3 million in the third quarter of 2005. The bulletin noted that “on …

Alaska Governor’s Race To Affect Insurance Climate

Alaska’s and Idaho’s gubenatorial races could affect the insurance climate in those states. In Alaska in particular, it could lead to “unfortunate” changes, according to the Property Casualty Insurers Association of America (PCI). One-term Gov. Frank Murkowski was defeated in …

Appointed, Elected Commissioner Jobs on the Line

The jobs of more than half of state insurance commissioners around the country could be on the line on this 2006 midterm Election Day. The futures of as many as 30 of the nation’s insurance commissioners are tied to the …

Mercury General Reports Net Income of $68.2 Million for Q3, Tirador is CEO

Mercury General Corp. reported net income of $68.2 million ($1.25 per share- diluted) in the third quarter 2006 compared with $73 million ($1.33 per share-diluted) for the same period in 2005. For the first nine months of 2006, net income …

Mich. attorney general issues alert about new identity theft scam

Michigan Attorney General Mike Cox is warning consumers to be aware of a telephone scam in which phony information is transmitted through Caller ID as a ruse to con individuals into providing illicit callers with sensitive personal information. Cox also …

DEER-RELATED CRASHES

Motor vehicle crashes involving deer are up by about 19 percent in Washington and Idaho, judging by claims filed with one of the largest insurance companies in the two states. By June 30, 1,629 drivers in Washington and 724 in …