U.S. Rep. Melvin L. Watt, D-N.C., chairman of the House Subcommittee on Oversight and Investigations, announced a hearing for Oct. 1 to consider the implications of the growing use of credit-based insurance scores for consumers. Specifically, Watt said the hearing …
Maryland’s largest medical malpractice insurer plans to leave a state premium subsidy program and return some of the money it has received, saying it no longer needs the subsidy to stabilize premiums for doctors because the cost of claims is …
The California Supreme Court has ruled that class action waivers in arbitration agreements are unenforceable if a court determines “that a class arbitration would be a significantly more effective way of vindicating the rights of affected employees than individual arbitration.” …
The two men running for Mississippi insurance commissioner say encouraging competition is the key to reducing rate payers’ costs as the state continues its recovery from Hurricane Katrina. But that’s about where the candidates’ similarities end. During a luncheon Monday …
A filing most Kentucky insurance carriers will use to develop rates for workers’ compensation coverage shows another decrease in loss costs for 2007, according to Gov. Ernie Fletcher. The state Office of Insurance approved the National Council on Compensation Insurance …
Allstate Insurance Co. announced that Phil Telgenhoff has been elevated to assistant field vice president for the Allstate California Region. In his new position, Telgenhoff will supervise senior distribution leaders throughout the state. Telgenhoff led the region to outstanding business …
Oregon’s Department of Consumer and Business Services has announced it is decreasing the workers’ compensation pur premium rate in 2008 by 2.3 percent. Meanwhile, the workers’ comp premium assessment, which pays for the administration of workers’ comp and workplace safety …
With the Mississippi Development Authority’s recent request for proposals for the long term workforce housing program, Gov. Haley Barbour’s comprehensive recovery strategy continues to assist housing needs on the Coast, particularly for low income Mississippians. “Katrina didn’t discriminate. The storm …
Ohio Casualty Group, now operating as Ohio Casualty, a regional company within Liberty Mutual Agency Markets, was honored recently with the 2007 National Company Award of Excellence by the National Association of Professional Insurance Agents (PIA). The annual PIA National …
Los Angeles-based Heritage General Agency’s personal lines facility has added a new admitted market for homeowner coverage. Program features include full cost replacement for both the home and personal property with no deduction for depreciation. Other covered structures include unattached …
