Florida’s chief financial officer had some harsh words for the state’s top insurance regulator. CFO Alex Sink told Insurance Commissioner Kevin McCarty that she was insulted that a report in response to a request for information she made two weeks …
The Massachusetts Appeals Court has ruled an insurance company must pay the government for its remaining losses from a $9.4 million theft from the Treasury in the late 1990s. The theft remains the largest loss of state money in Massachusetts …
The debate over reforming the U.S. health care system has zeroed in on one main target: insurance companies. Democrats and the Obama administration plan to spend August battling to win popular support to expand health care coverage as the insurance …
A legislative task force has begun a study on how best to privatize CompSource Oklahoma, the agency that provides workers’ compensation insurance in the state. Members of a nine-member task force convened Aug 6. The task force was authorized in …
A special committee of Colorado lawmakers is evaluating Pinnacol Assurance, to examine what role the state should have in managing the quasi-governmental workers’ compensation insurer’s business. Ken Ross, Pinnacol’s president and CEO, has said he would like to make the …
Skepticism over the financial condition of insurance companies is healthy and financially strong insurers stand to gain over weaker competitors in today’s market, an executive for a major property/casualty insurer told a group of underwriters. That message came with a …
Property insurance companies in West Virginia are caught between a rock and a hard place over an ordinance in the city of Huntington that forces them to pay funds on some total fire losses to the city rather than directly …
A trade group for insurance companies says Delaware lawmakers will have a “full plate” of legislative insurance issues when they reconvene next year. Among the big issues, according to the Property Casualty Insurers Association of America (PCI): affiliate transfers, consumer …
A southern New Jersey county has approved a $4 million settlement that could end a class-action lawsuit over strip searches done at its jail. The suit claimed unnecessary strip searches were conducted on thousands of men and women at the …
The head of Colorado’s state-chartered workers’ compensation insurance fund says the company wants to go private. Ken Ross, president and chief executive of Pinnacol Assurance, told The Denver Post editorial board the company might be willing to pay taxes and …
