Missouri experienced a number of insurance industry “firsts” in 2011, including a record number of premium sales dollars, the largest-ever amount in claims paid for a single event in the state, and an historically high amount in additional claims funds …
Oklahoma Insurance Commissioner John D. Doak announced his support for using insurance premium taxes to bolster the pension funds of the state’s firefighters. Doak said he supports House Bill 2320 introduced by Rep. Randy McDaniel (R-Oklahoma City), which would restore …
Oklahoma’s top insurance regulator says the department spent nearly $675,000 less in 2011 than it did in 2010. For the 12 months ending Dec. 31, 2011, the insurance department spent $11,160,855.28 compared to $11,833,228.01 in 2010, a total savings of …
The Nonadmitted and Reinsurance Reform Act (NRRA), Subtitle B, Part I, Dodd-Frank Wall Street Reform and Consumer Protection Act, reaches out and touches California on July 21, 2011. In anticipation of its effective date, the California Department of Insurance (CDI) …
A coalition of Florida charitable and business groups is pressing the state to eliminate assessments charged all policyholders to subsidize the state-backed insurance provider and hurricane claims fund. In a letter to Gov. Rick Scott, the groups called on him …
American International Group has negotiated a $450 million settlement with seven of its competitors in the protracted litigation over its questionable reporting of workers’ compensation premiums. But the long-running saga over under-reported premiums may not be over for AIG because …
