State and Regional News

Fremont Michigan Gets $7 Million Credit Line

Fremont Michigan InsuraCorp, Inc. said it has closed on a $7 million unsecured line of credit with The Huntington National Bank. The company does not need to access the credit for any reason immediately, according to Richard E. Dunning, president …

New York Plans to Reduce Red Tape in Insurance Filings

The New York Insurance Department said it implement recommendations aimed at streamlining and improving the process for insurers to file their rates and forms with regulators. The recommendation comes from a new report by an industry working group that began …

Texas October Enforcement Actions Result in $1M in Fines, Restitution

The Texas Department of Insurance enforcement actions for October 2010 include seven license revocations, and fines and restitution totaling $1,045,697. An order imposing disciplinary measures becomes final 20 days after the individual or entity has received notice of the order …

Virginia Names New Insurance Commissioner

Virginia has named Jacqueline K. Cunningham as the state’s next commissioner of insurance. Cunningham has been deputy commissioner of the life and health division of the state’s Bureau of Insurance for nearly seven years. She joined the bureau in 1993. …

Massey CEO to Testify About Deadly West Virginia Mine Blast

Massey Energy chief Don Blankenship is expected to testify Dec. 14 in the probe of an April explosion that killed 29 men in West Virginia’s Upper Big Branch mine. The state Office of Miners’ Health, Safety and Training has reached …

Georgia Insured Storm Damage Estimated at $5 Million

Georgia Insurance Commissioner John W. Oxendine said that heavy winds, rain and thunderstorms on Nov. 30 caused an estimated $5 million in insured losses in Gwinnett County on Nov. 30. This estimate includes damage to cars as well as homes …

Memphis Car Impoundment Lot Battles Theft, Damage Claims

The city of Memphis is upgrading security at the city’s car impound lot after paying out more than $72,000 to settle a variety of theft and damage claims. Mayor A C Wharton told The Memphis Commercial Appeal that the changes …

Insurer Group Says Louisiana Property Market Shows Signs of Strength

The number of Louisiana property insurance consumers who benefit from the lower rates offered by private insurers is growing as the state’s Citizens Property Insurance Corp.’s (Citizens) depopulation program continues to be a success, according to the Property Casualty Insurers …

Study: Arkansas Ranks High in Road Safety Improvements

A national study indicates Arkansas ranks second nationally in advancing its road safety laws during the past two years. The national scorecard produced by the Emergency Nurses Association noted Arkansas has passed laws requiring a tougher graduated driver’s license for …

Drunk Driving Arrests Up, Fatalities Down in Mississippi

DUI arrests have skyrocketed in Mississippi in the past several years, helping lead to the lowest number of drunken driving deaths in decades. It’s welcome news for a state that has ranked among the nation’s worst in per capita alcohol-related …