Washington News

Washington Supreme Court: Actual Cash Value Includes Sales Tax

The Washington Supreme Court has ruled that an insurer is required to pay sales tax when reimbursing a client for the actual cash value (ACV) of damaged property. According to court documents in Laura Holden v. Farmers Insurance Co. of …

Republicans Want to Revisit Financial Regulation Reform Bill

Republicans will reopen the broad Wall Street reform law and overhaul the newly created consumer protection bureau if they regain control of Congress after the November elections, a leading lawmaker said Monday. Richard Shelby, the top Republican on the powerful …

Murder Case Tries ‘Caffeine Insanity’ Defense That Worked in Car Accident

A Kentucky man accused of strangling his wife is poised to claim excessive caffeine from sodas, energy drinks and diet pills left him so mentally unstable he couldn’t have knowingly killed her, his lawyer has notified a court. The trial …

Pennsylvania Ponders Increased Auto Liability Limits

A new bill introduced to the Pennsylvania senate would double the minimum liability amounts of auto insurance policies in the state. Current laws set minimum liability limits for bodily injury at $15,000 per person and $30,000 for a group of …

People

Elizabeth Heck has been named president and chief operating officer of New York-based GNY Insurance Cos. She is a 20-year veteran of the insurance industry. She began her career with Ernst & Young, and worked in senior corporate accounting positions …

People

K&K Insurance, based in Ft. Wayne, Ind., named Todd Bixler president and CEO. Bixler joined K&K Insurance in 1986 as controller, responsible for financial reporting and accounting operations. His subsequent positions of increasing responsibility with K&K included chief financial officer, …

Business Moves

Monarch E&S Monarch E&S Insurance Services opened new offices in Hawaii and Arizona. The Hawaii office, located in Waikoloa, will be operated by company CEO Derek Borisoff. The Arizona office, located in Chandler, will be run by Senior Underwriter for …

Washington Working Harder to Combat Insurance Fraud

In advance of a rate announcement expected in this month, Washington’s Department of Labor and Industries is strengthening fraud fighting efforts, helping distressed employers and driving down costs internally through efficiencies. The agency recently has faced criticism for its rates …

Court: Government Contractor Not Immune to New Orleans Levee Suit

A government contractor isn’t immune from claims that it performed shoddy work that resulted in the failure of a New Orleans levee system during Hurricane Katrina, a federal appeals court has ruled. This week’s ruling by the 5th U.S. Circuit …

Washington Workers’ Comp Rate Proposal Delayed

Washington’s Department of Labor & Industries (L&I) announced that it will propose workers’ compensation rates for 2011 in November after the results of the fall election and the outcome of Initiative 1082 — instead of making its traditional rate recommendation …