Hoping to drive down Oklahoma’s high automobile insurance rates, the Oklahoma House of Representatives voted May 25 to crack down on uninsured drivers. House Bill 3115, by state Rep. Ron Peterson, would create an online insurance verification pilot program in …
In response to the tragic death of a 12-year-old Edmond boy who was killed in a jet-ski accident in August 2004, Oklahoma lawmakers passed a measure aimed at better protect children by improving boating safety requirements. Senate Bill 1495, by …
The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster aid has been made available in Massachusetts, New Hampshire and Maine to help people and communities recover from the effects of severe …
The South Dakota Supreme Court was asked earlier this week to reinstate two class-action lawsuits that allege two hospital systems charge unreasonable prices to patients who are not covered by health insurance or government programs. The two lawsuits were dismissed …
With its chairman proclaiming the program is at a “crossroads,” the U.S. Senate Banking Committee this week advanced bipartisan legislation to bolster the nation’s debt-ridden flood insurance program. Insurance trade groups generally support the legislation, the Flood Insurance Reform and …
Specialty insurer Praetorian Financial Group said it has agreed to acquire Alea North America Specialty Insurance Company (ANASIC), an affiliate of Alea Group Holdings (Bermuda) Ltd of Hamilton, Bermuda. ANASIC is a Delaware-domiciled stock insurance company with surplus lines authority …
Average total costs per workers’ compensation claim in Pennsylvania showed steady growth, increasing more than 8 percent for claims evaluated in mid 2004 with 12 months’ maturity, according to a new report by the Cambridge, Mass-based Workers Compensation Research Institute …
Liberty International Underwriters, a division of Liberty Mutual Group,- has reached an agreement to acquire the renewal rights to Quanta U.S. Holdings Inc.’s environmental liability business. Terms of the transaction were not disclosed. “Estimates for the environmental impairment liability market …
Bermuda-based Montpelier Re Holdings Ltd. revealed that WL Ross & Co. LLC has agreed to make a $100 million investment in Montpelier through a private sale of 6,896,552 common shares at a price of $14.50 per common share. The first …
Saying Floridians are “storming mad” about rising property insurance premiums, Democrats have renewed a call for lawmakers to do more on the issue, and warned that if they don’t, angry voters could take it out on Republican incumbents in November. …
