Mississippi trial lawyer Richard Scruggs has asked a federal judge to throw out a charge accusing him of criminal contempt in a dispute related to insurance claims after Hurricane Katrina. In court papers made public last week, attorneys for Scruggs …
Florida House of Representatives Speaker Marco Rubio asked Gov. Charlie Crist to add auto insurance and property tax relief to the Legislature’s special session on budget-cutting next week after Senate President Ken Pruitt turned him down. Crist, though, declined to …
Alabama, California, Montana, Rhode Island and Washington will begin requiring insurance companies to file annual statement data as part of a growing effort to make market conduct exams more efficient that now includes 30 states. The 30 states require companies …
The nation’s insurance regulators are moving to modernize reinsurance regulation in the United States. The proposal — developed by a subgroup of the National Association of Insurance Commissioners’ (NAIC) Reinsurance Task Force — calls for amending the existing regulatory framework …
The National Flood Insurance Program is over $17 billion in debt according to the American Academy of Actuaries, adding further anxiety to a proposal to add wind peril coverage to the national plan. While the U.S. House of Representatives passed …
After a flat year in 2005, U.S. surplus lines premium volume rebounded in 2006 and carriers again posted strong underwriting results. In 2006, surplus lines carriers generally stuck to their guns on pricing in lines where standard carriers lowered theirs …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and assigned issuer credit ratings (ICR) of “bbb+” to Arbella Insurance Group of Quincy, Mass. and its members – Arbella Mutual Insurance Company and its majority-owned subsidiaries, …
With the arrival of fall, motorists should be more aware of deer while traveling on Michigan roadways. October and November are two of the most dangerous months in Michigan for car-deer crashes. “Car-deer crashes in Michigan cause at least $130 …
Local miners told the Utah Mine Safety Commission that more regulations would do little to improve safety at the state’s mines. The commission was formed by Gov. Jon Huntsman to explore whether Utah should begin regulating its mines after the …
Toys and children’s necklaces made in China were recalled Wednesday, including five more items from the popular Thomas & Friends Wooden Railway product line, because they contain dangerous levels of lead. RC2 Corp.’s “Knights of the Sword” series toys and …
