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Louisianans to Have 6-Year Span for Driver’s License Renewal

Louisiana will have a six-year driver’s license. Currently, drivers must renew their licenses in the state every four years. A bill by Republican Sen. Dan Claitor, of Baton Rouge, changes the renewal period to six years. Gov. Bobby Jindal signed …

Louisiana Drivers Sans Insurance to Face Hefty Fines

In the final hours of Louisiana’s legislative session, lawmakers passed a $53 million fee hike on drivers who don’t maintain car insurance as required by law. Most of the money expected to be raised is slated to go to boost …

Finaccord Survey Finds Growth in EU Commercial Non-life Brokerage Receipts

Newly released data from Finaccord, a London-based market research consultancy specializing in financial services, reveals that the market for commercial non-life insurance broking reached a value of €9.89 billion [$12.165 billion] in commissions and fees in 2011. The report said …

Governor OKs Bill to End Some Michigan Drivers’ Fees

Michigan Gov. Rick Snyder has signed legislation that will eliminate some extra fees that are imposed on drivers for certain traffic offenses. Senate Bill 166 repeals pieces of the state’s “driver responsibility” program that adds extra fees to some offenses …

UK’s Justice Action Group Rebuts ABI’s Stance on Personal Injury Claims

The Access to Justice Action Group (AJAG) responded swiftly to the study and the bulletin published by the Association of British Insurers and a coalition of UK business groups, seeking to amend Britain’s personal injury laws through the passage of …

British Insurers, Business Heavyweights Support UK Legal Reform Bill

A number of British retailers and business groups have joined forces with the Association of British Insurers (ABI) in support of an omnibus bill, introduced in Parliament in July. The legislation, entitled the “Legal Aid, Sentencing and Punishment of Offenders …

Catlin Stokes Broker Compensation Controversy

The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given by the Catlin Group’s chief executive Stephen Catlin this week at a conference in London sponsored by Insurance Day. Catlin …

Insurance License Fees Tied to Credit Cards Rejected in Louisiana

Lawmakers rejected plans for the Louisiana Department of Insurance to allow credit card payments for licenses, because they objected to the sliding scale of fees tacked onto card payments. The department had proposed the use of credit and debit cards …