West Virginia News

It Figures

$750,000 The proposed reduced limit on coastal insurance available from the North Carolina Beach Plan under legislation designed to address the over-exposure and under-funding of this state-backed plan. The limit is now $1 million. $85 Million The final — and …

Mountain Climbing

It’s not that the public sector can’t do anything right; it can and does and it very often handles the jobs nobody else wants to do. Monopolies just aren’t good policy— whether they are held by a private firm or …

Business Moves

Focus Holdings, Capacity Insurance Focus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of its largest subsidiary, MacNeill …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …

Ohio Casualty Introduces Commercial Fleet Management System

Fairfield, Ohio-based Ohio Casualty, a Liberty Mutual Agency Markets regional company, has introduced Onboard Advisor, a fleet management system that helps companies increase commercial fleet safety and productivity, save on commercial auto insurance premiums and more. The company said Onboard …

Missouri Joins Interstate Insurance Product Regulation Compact

Missouri Governor Jay Nixon has signed HB 577 to have Missouri become the 36th member of the Interstate Insurance Product Regulation Compact (IIPRC). With the addition of Missouri, the current compacting states in the Commission represent close to 60 percent …

West Virginia Public Insurance Agency Faces Suit Over Subsidy Cut

Recent hearings may not keep West Virginia’s Public Employees Insurance Agency out of court over a proposal to stop subsidizing retiree health care, one advocate for state workers says. The American Federation of Teachers-West Virginia still plans to sue, President …

West Virginia Touts Switch to Private Workers’ Compensation System

West Virginia Insurance Commissioner Jane L. Cline says her state’s one-year old privatized workers’ compensation system is offering better claims administration, lower costs for employers and better treatment of injured workers. In 2005, the state approved the privatization of the …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Fire & Water Restoration Contractors Market Detail: USAssure Insurance Services Inc. offers a fire and …

West Virginia Doctor Convicted of Insurance Fraud Denied New Trial

A federal judge has denied a convicted West Virginia physician’s request for a new trial. Dr. John C. Sharp of Marlinton was convicted last year on 29 counts of health care fraud for billing insurers for services he never performed. …