After decades of frustration and brutal disappointment, the vexing and seemingly intractable tax payment and regulatory compliance problems surplus lines brokers face on multi-state risks are about to be solved. The long-awaited solution benefiting consumers and brokers will occur when …
California Insurance Commissioner Steve Poizner announced his determination to expand the state’s Low Cost Auto Insurance Program to Solano, Marin, Santa Cruz, Madera, Napa, Yolo, Mendocino, Kings and Lake counties. The program is expected to go into effect in early …
U.S. Senate panel weighs funding for weather satellites Cuts to planned weather and environmental satellites will significantly affect scientists’ ability to study the Earth’s climate, experts told a U.S. Senate committee recently. The Commerce, Science and Transportation Committee also heard …
For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated the insurance public policy debate on both the state and federal levels. …
Whether or not H.R. 920 is successfully passed, it’s becoming increasingly clear that the federal government is taking notice of the problems certain areas of the country face with regard to windstorm insurance. Is there a place for windstorm coverage …
Wind insurance costly, scarce on Gulf Coast A study recently issued by the RAND Corporation recognizes what many businesses along the Gulf of Mexico coast have known for a couple of years now: They have had difficult time obtaining wind …
$2.175 Billion U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a second …
Louisiana’s Legislature in June approved a package of insurance bills promoted by Louisiana Gov. Kathleen Babineaux Blanco and Insurance Commissioner Jim Donelon. Among the bills passed were one that provides for $100 million in incentives for insurers to write property …
EPLI for Law Firms Nuts & Bolts: SUA Inc. is offering employment practices liability insurance for law firms with up to 100 employees in all 50 states that includes coverage for allegations of harassment, discrimination, and wrongful employment practices. Additional …
Cattle claims result in fraud allegations Oklahoma Insurance Department anti-fraud investigators allege that Holly Timmons Campbell committed insurance fraud by filing fraudulent cattle loss claims in Pontotoc County, according to Oklahoma Insurance Commissioner Kim Holland. Criminal charges were filed against …
