State and Regional News

Home, Flood Insurance Markets Still Troubled 5 Years After Katrina

Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance, according to a new study from the RAND …

Atwater, Ausley Vie to Succeed Sink As Florida CFO

Although Florida’s next chief financial officer will take charge during one of the rockiest times in the state’s financial history, the race has received little attention amid higher-profile races for the U.S. Senate and governor. Florida Senate President Jeff Atwater, …

Georgia Insurance Commissioner Race: Views on Credit Scoring, Tort Reform

Georgia voters going to the polls on Nov. 2 will have a choice when it comes to electing the state’s next insurance commissioner. The Democratic, Republican and Libertarian candidates cite different priorities; hold different positions on issues including credit scoring, …

Maine Courts Fail to Notify Drivers of Suspensions

Court officials say nearly 300 people continue to drive on Maine roads with suspended licenses after failing to be notified their licenses were suspended. Court officials told the Morning Sentinel that the drivers in question had their licenses suspended when …

Man Drops Claim in Vermont Over Condom in Burger

A former Vermont man who claimed he bit into a Burger King sandwich and found an unwrapped condom has dropped his lawsuit, with the restaurant agreeing to drop its counterclaim. The man and the store’s owners agreed to pay their …

Liberty Mutual Breaks Ground on $300M Building in Boston

Liberty Mutual Group Chairman and CEO Edmund F. Kelly was joined yesterday by Massachusetts Governor Deval Patrick, Boston Mayor Thomas M. Menino, other state and city elected officials, neighborhood representatives and members of the construction trades at a groundbreaking ceremony …

Michigan Alleges $50 Million Fraud Involving 41 Agents

Michigan insurance officials say they have identified 41 out of a possible 76 American Benefit Concepts (ABC) insurance agents responsible for selling fraudulent investment products in several multi-million dollar investment schemes in western Michigan. Officials said they have identified at …

Allstate Settles Claims Software Complaint with States for $10M

Allstate has agreed to pay $10 million to 45 states in a regulatory settlement involving its use of claims handling software. New York State Insurance Superintendent James J. Wrynn said the agreement follows an 18-month targeted National Association of Insurance …

Kentucky Homeowners Challenge Fire Service Subdistrict Tax

A dozen homeowners in central Kentucky have sued to challenge the legality of a fire protection subdistrict. The homeowners in northwestern Jessamine County contend the property tax that funds the North Jessamine Subdistrict of the Jessamine County Fire District violates …

West Virginia Fire Department Insurance Falls Short

Sissonville, West Virginia Volunteer Fire Department officials say they still need to raise about $450,000 to replace a fire station and three fire trucks destroyed in a blaze. Fire department secretary Tom Miller says a $955,690 insurance settlement is well …