State and Regional News

Insurer PURE Enters North Carolina High-End Coastal Home Market

An insurer specializing in pricey properties is moving into North Carolina with a particular eye toward coastal real estate. Privilege Underwriters Reciprocal Exchange (PURE) offers its homeowners insurance policies for homes worth more than $1 million. Policyholders share the risks …

Most 9/11 Responders OK Settlement Resolving Suit

A lawyer representing 10,000 ground zero workers suing New York City over their exposure to World Trade Center dust said Tuesday that 75 percent have signed a settlement resolving their claims and most of the rest have indicated they will …

Oklahoma Updates License, CE Requirements for Work Comp Adjusters

The Oklahoma Department of Insurance issued a bulletin reminding workers’ compensation insurance adjusters they must be licensed to operate in the state. Licensed workers’ comp claims adjusters also must complete six hours of ethics continuing education as part of the …

Florida Medical Malpractice Insurance Market Found in Good Health

Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news items in the state’s 2010 …

West Virginia Fire Station Blaze Ruled an Accident

Investigators have ruled the blaze that destroyed the Sissonville (West Virginia) Volunteer Fire Department’s main station an accident. Paul Gill, from the state Fire Marshall’s Office, said the blaze started with an electrical fault. But television station WCHS reported Sunday …

Challenger Presses Oklahoma Insurance Commissioner on MVR Fees

The Republican running to replace the current insurance commissioner in Oklahoma in the November election is seeking to make increased fees for access to motor vehicle records a campaign issue. During the last legislative session, state lawmakers raised to $25 …

University of Kansas Student Receives Insurance Settlement Scholarship

Kansas Insurance Commissioner Sandy Praeger has awarded a $1,000 scholarship to a University of Kansas minority student as part of a program established by an insurance company’s discrimination suit settlement. Danyel L. Bell, a senior accounting major at the KU …

Washington Fines Tesoro $2.3 Million for Deadly Refinery Blast

Washington state fined Tesoro Corp. $2.38 million for an April 2 blast at the company’s Anacortes refinery that killed seven workers, after a state investigation found the explosion could have been avoided. “The bottom line is this tragedy was preventable,” …

Tennessee Tragedy: Family Had No Fire Service But Had Some Insurance

The Obion County, Tenn. family whose home burned on Sept. 29 while firefighters watched from their truck has insurance to payoff their mortgage but not enough to cover everything lost or to rebuild, according to the family and their insurance …

Minor Earthquake Hits Virginia

The U.S. Geological Survey says a minor earthquake has hit Virginia. Dale Grant, a geophysicist with the USGS, said the magnitude 3.0 earthquake happened at 4:17 p.m. Saturday. Its epicenter was about 20 miles north of Richmond. Grant said there …