Maryland News

Farmers Insurance Ranks Most Secure Places to Live; Northwest Tops List

Those seeking a place to live, work or raise a family in a safe and secure environment should consider the Pacific Northwest, according to the fifth annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. …

Insurers’ Backing Sought for Car Key That Jams Teen Drivers’ Cell Phones

University of Utah researchers have developed an automobile ignition key that prevents teenagers from talking on cell phones or sending text messages while driving. The inventors are hoping the insurance industry will back the safety technology as worthy of premium …

Maryland’s Rep. Cummings Seeks Details on AIG ‘Retention Payments’

Congressman Elijah E. Cummings (D-Md.), a senior member of the House Committee on Oversight and Government Reform and a member of the Joint Economic Committee, wants more information on employee retention payments being paid by American International Group, (AIG), the …

Economic Crisis Leaves States Less Ready to Handle Disasters

Progress made to better protect the country from disease outbreaks, natural disasters, and bioterrorism is now at risk, due to budget cuts and the economic crisis, according to a new report. The report concludes that major gaps remain in many …

California Workers’ Comp Insurers to Raise Rates

The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate advisory. However, several insurers requested increases in excess of 5 percent, including: …

Maryland Insurance Department Hosts Regulatory Interns from China

The Maryland Insurance Administration is hosting of two international interns from China through the National Association of Insurance Commissioner (NAIC)’s International Internship Program. From the China Insurance Regulatory Commission, Yan Dong of the Finance and Accounting Division in Beijing and …

Bright Spots and Challenges Go Hand in Hand in Louisiana

Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers’ compensation …

Donegal Group Acquires Sheboygan Falls Insurance Company

Donegal Group Inc. recently reported that it had completed the acquisition of all of the outstanding capital stock of Sheboygan Falls Insurance Co. The acquisition was approximately $12 million, which includes a surplus contribution of $8.5 million to support the …

Massachusetts Court Says Livery Firm Liable in Fatal Crash

A livery company and its driver could be held liable in a fatal car accident caused by a drunken passenger after he left the livery van, Massachusetts’ highest court ruled. The Supreme Judicial Court found that Ultimate Livery Service Inc., …

Debate Continues in Maryland Over Ambulance Transport Fees

Montgomery County, Maryland Executive Ike Leggett is pushing council members to revive a plan to create an ambulance transport fee. Leggett maintains that fees ranging from $300 to $800 would go directly to insurance companies and no person who lives …