West Virginia News

W. Va. Approves 10 Percent Decrease in State Farm Auto Policy Rates

A State Farm Insurance request for a 10 percent decrease for private passenger automobile insurance customers has been approved by the West Virginia Insurance Commission. The request was submitted last month Gov. Joe Manchin and the West Virginia Insurance Commission …

New Age Brokerage Makes Apartment Program Available in 10 Eastern States

New Age Brokerage LLC, a Morristown, N.J.-based provider of insurance programs for habitational real estate risks, announced the availability of a comprehensive apartment building insurance product, now available to insurance agents and brokers in New York, New Jersey, Pennsylvania, Maryland, …

STATE FARM TO WRITE HOMEOWNERS, BUSINESS POLICIES

As of May 1, State Farm Insur-ance began accepting applications from West Virginia homeowners and businesses for new insurance policies. The company is the largest property and casualty insurer in West Virginia and in the U.S. In July 2002, State …

News Briefs

GEORGIA Licensing System Changes The Georgia Insurance Comm-ission held “Ind-ustry Day Meet-ings” across the state in May to discuss recent changes to the licensing system. In an effort to be responsive to agent issues and concerns, Commissioner John Oxendine asked …

W. Va. S.B. Prohibits Third-Party Lawsuits

The West Virginia House of Delegates passed Senate Bill 414 prohibiting third-party bad-faith lawsuits against insurance companies. The bill was part of Gov. Joe Manchin’s insurance and tort reform proposals and has to go back to the Senate. State Farm …

W. Va. WCC Files Suit on Employers

West Virginia’s Workers’ Compensation Commission recently filed injunctions against three employers whose accounts with the Commission are reportedly in default. Injunctions were filed in Kanawha County Circuit Court against the following: • Premium Hospitality Group, a Williamsburg, Va. business that …

W. Va. Insurers React to Passed Legislation, Five Companies Decreasing Auto Rates

Insurers in West Virginia, reacting to the legislation singed last week that eliminates third-party, bad-faith lawsuits, have begun to take the first steps toward lowering insurance rates. State Farm Insurance Friday requested approval for a 10 percent rate decrease for …

State Farm Back in W.Va. Market; Will Write New Homeowners, Business Policies

State Farm Insurance has announced that as of May 1 it will begin accepting applications from West Virginia homeowners and businesses for new insurance policies. The company is the largest property and casualty insurer in West Virginia and in the …

W.Va. Releases E-mail Proposals; House Committee Advances SB 30

Details of negotiations between West Virginia insurance companies, Gov. Joe Manchin and Brian Kastick were released after a court decision requiring e-mails sent on Feb. 22 and 23 to be revealed to the public. Also, after its passage, Senate Bill …

EMERGENCY SERVICES ADVISES RESIDENTS TO BUY FLOOD INSURANCE

State flood maps are not entirely accurate according to the West Virginia Office of Emergency Services, therefore it has issued a warning to residents saying that they could live in a hazardous area without even knowing it. OES told residents …