State and Regional News

New Alabama AG Says Oil Spill Claims Top Priority

Incoming Alabama Attorney General Luther Strange says he will hold nothing back to make sure the state and its citizens are compensated for all losses because of last year’s massive BP oil spill. Strange said he will personally lead the …

USAA Reworking Wind Coverage Accounts on Mississippi Coast

USAA, a banking and insurance company that caters to military personnel, is dropping wind coverage from its homeowners’ policies in Mississippi’s three coastal counties. The Sun Herald reported that about 1,550 policyholders in Jackson, Harrison and Hancock counties began receiving …

New Jersey Passes Captive Insurance Legislation

New Jersey will soon allow captive insurers under a bill passed by the state’s legislature and expected to be signed by the state’s governor in the coming weeks. The legislation makes the Garden State a captive insurance domicile, and would …

Okla. Official: Ex-lawmakers May Hold Insurance Department Jobs

A state law that bars legislators from working for a state agency within two years of leaving office doesn’t apply to two former state legislators hired by the incoming state insurance commissioner, an Oklahoma Insurance Department official said. Insurance Commissioner-elect …

Louisiana Policyholders Fail to Claim $133M in Rebates

Property insurance policyholders in Louisiana have missed the chance to claim almost $133 million in rebates that had been available before the end of 2010. Insurance Commissioner Jim Donelon says the money — part of the assessments paid by private …

Iowa Actuaries: Wellmark’s Proposed Increase Too High

A proposed 11 percent rate increase by Wellmark Blue Cross and Blue Shield for Iowa customers who buy their own policies is too high, according to two experts who looked at trends in medical costs and services provided to the …

New York Insurers Applaud Plan to Merge State’s Regulatory Arms

A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the state’s insurance regulatory arm into a single agency overseeing insurance, banking and consumer protection. The proposal for the so-called Department …

House Lets Stand Mississippi Gov. Barbour’s Veto of Windpool Funds

The Mississippi House has failed to override a governor’s veto of legislation that would have placed a $20 million subsidy into a state wind pool insurance fund. The vote was 68-52 in favor of an override, but at least 80 …

Connecticut Woman Settles Suit Against Hospital

A New London woman and Lawrence & Memorial Hospital have settled a lawsuit in which the woman claimed the hospital failed to properly diagnose and treat her mother after she contracted the flesh-eating bacteria. An attorney for Bianca Nardi tells …

Missouri Lawmakers Pledge to Aid Businesses in 2011

The Missouri Legislature convened its 2011 session on Jan. 5, 2011, with many new faces, a looming budget shortfall and a pledge from the state’s largest Republican majority to make quick progress on a pro-business agenda. On opening day, the …