Monthly Archives: <span>October 2007</span>

Texas to Hold Hearing on Work Comp Monitoring and Enforcement Rule

The Texas Department of Insurance Division of Workers’ Compensation (TDI) will hold a public hearing on Oct. 29, 2007, in the Tippy Foster Room at 7551 Metro Center Drive, Suite 100 in Austin. The public hearing will begin at 1 …

Devastating Blaze Sweeps Through Okla. Town

The community of Hennessey, Okla., is cleaning up after a devastating fire swept through the town’s downtown area. At least three buildings were destroyed and several others damaged during the blaze on the night of Sept. 30. No injuries were …

New Eligibility Deadlines Set for La.’s Road Home Program

Hurricane-affected homeowners in Louisiana who want to participate in the state’s home rebuilding and buyout program have until Dec. 1 to schedule their initial appointments. The Road Home program says all appointments also must be completed by Dec. 15. If …

Minn. Department Adds New Technology for Product Filing Process

Companies will have an easier time searching a database for property/casualty products. The Minnesota Department of Commerce Commissioner Glenn Wilson announced on Friday, Sept.28th that the department has launched its property and casualty Product Requirements Locator (PRL), a sortable and …

Flurry of Rita-related Lawsuits Filed in Southeast Texas

The second anniversary of Hurricane Rita has brought a flood of lawsuits in southeast Texas and raised questions about the deadline for filing such petitions. “It’s getting serious,” Jefferson County District Clerk Lolita Ramos said last week amid the rush …

Canada’s TD Banknorth to Buy N.J.’s Commerce Bank; Sell Insurance Unit

Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase would double TD Bank’s presence …

Mo. Governor: 2006 Med Mal Report Shows Positive Results

The medical malpractice insurance market has stabilized following escalating medical malpractice costs that caused a downturn in the market from 1999 – 2003, according to the 2006 Medical Malpractice Report recently released by the Governor’s office. In 2005, Gov. Blunt …

Neb. Denied New Hearing in Multimillion Dollar Award

The state’s claim it shouldn’t have to pay what could be record damages for causing an accident that permanently disabled a Schuyler man won’t be heard by the Nebraska Supreme Court. The court overruled a motion from the state that …

Insurance Commissioner Group’s 2008 Budget Anticipates Revenue Growth

The National Association of Insurance Commissioners has begun setting its 2008 budget. The group will have more money to work with than it did in 2007. The 2008 budget proposes revenues and expenses of $68.2 million and $66.4 million, respectively. …

Maryland’s Shore Bancshares Acquires Marine Insurance Agency, Wholesaler

Shore Bancshares, Inc. , parent company of three independent community banks and two retail insurance agencies serving the Delmarva peninsula, has closed two new acquisitions including a retail agency specializing in marine insurance and a wholesale insurance agency offering a …