The Obama administration’s ambitious draft plan to redraw U.S. financial regulation has been panned by banking groups, setting the stage for a bruising months-long battle among lawmakers and federal agencies. Signs have already emerged that political reality is forcing the …
Time is running out on the Texas Legislature. Several big issues — including restoring the state’s windstorm insurance fund — were in final negotiations as the last weekend of the 140-day session turned into a mad scramble of attempts to …
California Insurance Commissioner Poizner warned California licensed insurance agents and brokers to beware of a scam. According to the Department of Insurance, individuals have been reportedly calling licensed insurance agencies and representing themselves as employees of the California Department of …
Florida Gov. Charlie Crist has signed into law a bill that restores a cap on the fees attorneys may charge in workers’ compensation cases. A previous law limiting the fees had been ruled unreasonable by the state’s highest court. But …
California’s State Compensation Insurance Fund has filed a mid-year rate plan that reflects a 15 percent increase in collectible premium. The revised rates will apply to new and renewal workers’ compensation policies effective on or after July 1, 2009. “The …
A bill intended to reduce the amount of bullying in Oregon schools is headed to Gov. Ted Kulongoski for his signature. The Oregon Senate followed the House’s lead in approving a bill that requires school districts to establish clear, uniform …
Opponents of Denver’s ban on pit bulls have won another chance to challenge the law in court. The 10th U.S. Circuit Court of Appeals revived a lawsuit filed by three former Denver residents who moved out the city to avoid …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of New York-based Hermitage Insurance Company, and has revised its outlook on the ratings to …
Hoping to avoid a special legislative session this summer, the Texas Senate passed legislation that would restore Texas’ depleted windstorm insurance fund. Gov. Rick Perry has warned he could call a special session if the reforms aren’t enacted. The windstorm …
An investigator hired by one of the companies at the center of an explosion that shook Danvers more than 2 1/2 years ago has dismissed the government’s explanation. Scott Davis, an engineer, said at a public meeting Wednesday that the …
