Monthly Archives: <span>January 2011</span>

Judge Rules Barge Did Not Cause Katrina Flooding in New Orleans

A federal judge has ruled that a barge that landed on top of several homes in the Lower 9th Ward in New Orleans did not cause the floodwall to break during Hurricane Katrina. U.S. District Judge Stanwood Duval Jr. of …

Texas Commission to Report on Willingham Arson Case

A Texas commission looking into an arson investigation that led to the execution of the man convicted of starting the fatal fire decided last Friday to move ahead with a report on the case even though its authority is not …

Kansas Insurance Commissioner Appoints New Staff

Kansas Insurance Commissioner Sandy Praeger has named a new general counsel, a new consumer assistance director and made title changes for two staff members at the Kansas Insurance Department (KID). Praeger named Zachary J.C. Anshutz as general counsel. She also …

Tennessee Firms Opting Out of Workers’ Compensation Must Register

A new Tennessee law is requiring all construction firm owners to register with the state if they choose to opt out of the state’s workers’ compensation system. The new law is designed to protect general contractors from having to pay …

Insurers Form Florida Lobby Group to Change Personal Lines

Some of Florida’s largest insurance companies have banded together and formed the Personal Lines Insurance Federation of Florida to lobby for changes in the state’s regulatory environment in an effort to spur growth in the personal lines market. Allstate Insurance …

California Insurers Oppose ‘Crash Tax’

An ordinance up for consideration at tonight’s Sacramento City Council meeting is bad news for local businesses and is unfair to consumers that shop, work or visit the City of Sacramento, according to the Association of California Insurance Companies (ACIC). …

Lischer Joins IMA of Colorado’s Surety Team

IMA of Colorado, Inc., a retail insurance brokerage based in Denver, has appointed Michael Lischer a surety account executive. IMA of Colorado is part of the IMA Financial Group Inc., a financial services company specializing in insurance, asset and risk …

California To Enforce Health Insurer Spending Limits

California’s Office of Administrative Law (OAL) has approved state Insurance Commissioner Dave Jones’ request for an emergency regulation to give him the authority to enforce the 80 percent Medical Loss Ratio (MLR) in the individual market established under the Patient …

Travelers Sees Insurance Business Improving

Travelers Companies Inc. posted a higher-than-expected quarterly profit and the largest publicly traded U.S. property insurer said there were early signs businesses were finally willing to spend more on insurance. Despite deep-seated pessimism about pricing and competition among property and …

Asterisk Financial, Burns & Wilcox Introduce Personal Guarantee Insurance

Burns & Wilcox has been selected by Asterisk Financial Inc., the creator of Personal Guarantee Insurance (PGI), to be its wholesale partner to offer PGI directly to brokers and agents. Today, most small and medium-sized business owners, limited partners, and …