The American Insurance Association reported that South Carolina Gov. Mark Sanford signed into law SB 686, a flex-rating bill that could eventually eliminate prior approval for homeowners’ insurance rates. “Today South Carolina is a more attractive market for insurers due …
The Alabama Department of Insurance has filed an administrative complaint against a well-known Montgomery-based insurance company and its president, accusing the Goff Group and John W. Goff of wrongdoing involving customers’ insurance payments. The complaint accuses Goff of collecting more …
Washington, D.C.-based law firm Collier Shannon Scott announced that John Dunlap joined the firm as a Government Relations Advisor. Based in Sacramento, Dunlap will help clients navigate California’s political and regulatory climate by working with the Governor’s Office, California’s state …
Oklahoma Attorney General Drew Edmondson announced that Insurance Commissioner Carroll Fisher was named in a Multicounty Grand Jury indictment unsealed in Oklahoma County District Court. Fisher was indicted July 28 on one count of embezzlement for allegedly depositing a $1,000 …
U.S.I. Holdings Corporation has reported that its revenues for the second quarter increased by $14.1 million, or 16.4 percent, to $100.4 million from $86.3 million last year at the same time. The revenue increase reflects the impact of acquisitions of …
Co-operators General Insurance Company, the largest Canadian-owned private sector property/casualty insurer, announced its second quarter, reporting consolidated after-tax net income of $38.0 million, compared to $25.3 million income for the same period in 2003. Gross written premium in the second …
Calling terrorism an “uninsurable social risk,” the legal and regulatory affairs director of the National Association of Mutual Insurance Companies (NAMIC) has encouraged the American Legislative Exchange Counsel (ALEC) to back an extension of the federal terrorism insurance program. Peter …
Connecticut Insurance Commissioner Susan F. Cogswell has signed an order approving the acquisition of Oxford Health Plans by UnitedHealthcare Group, Inc. UnitedHealth Group announced that it completed the merger yesterday immediately after receiving the regulatory approval. Under the merger agreement, …
The Maine Workers Compensation Board is not subject to the more strict rules of evidence governing other courts and should be open to evidence from a variety of sources so long as it is sufficiently reliable, the state Supreme Court …
Cincinnati-based specialty insurer Midland Co. declared a regular quarterly dividend of 5.125 cents per share, maintaining the annual dividend at 20.5 cents per share. The quarterly dividend is payable October 5, 2004 to share holders of record on September 21, …
