Yearly Archives: <span>2011</span>

Wash. Regulator Fines Insurers, Agents $750,000

Washington Insurance Commissioner Mike Kreidler has fined insurance companies, agents and brokers more than $750,000 in 2011. Violations included charging unapproved rates and submitting false documents. From January through mid-June, the insurance commissioner’s office has imposed $787,815 in fines. The …

Wildfires Continue to Plague Arizona, New Mexico

Fourteen homes have been destroyed in Arizona yesterday, after the Monument Fire burning near Sierra Vista went south into neighborhoods. All told, there are six fires burning in Arizona, and five in New Mexico. As of June 21, the six …

President Bush to Address Insurance Program Administrators’ Meeting

Former President George W. Bush will address the Target Markets Program Administrators Association (TMPAA) at its annual summit this October, according to the insurance group. The annual summit is scheduled for October 24-26 in Scottsdale, Arizona. The keynote address by …

P/C Insurers’ Profits Fell in Q1 as Underwriting Losses Grew

Private U.S. property/casualty insurers’ net income after taxes dropped to $7.8 billion in first-quarter 2011 from $8.9 billion in first-quarter 2010, with insurers’ annualized rate of return on average policyholders’ surplus decreasing to 5.6 percent from 6.8 percent. Reflecting insurers’ …

Virginia County to Charge for Ambulance Trips

Virginia’s Prince William County plans to begin charging health insurance companies for ambulance trips. On July 1, the county will start billing insurance companies when a patient is taken to the hospital by its emergency medical services. The county will …

Mississippi County Covered for Misused Funds

The bonding company for Alcorn County supervisors is repaying the county more than $95,000 to repay funds the state auditor said were misused by former supervisor Danny Crotts. Board of Supervisors President Gary Ross says the state auditor’s office has …

3 Men Rescued from Collapsed Kentucky Mine

Three men who spent more than half a day trapped underground in a flooded southeastern Kentucky coal mine waded out and were on their way home after just a quick hospital evaluation. Relief was on the faces of Pernell Witherspoon’s …

Mining Rule on Coal Dust Becomes Permanent

Federal regulators are making permanent an emergency rule implemented last year requiring underground mines to do more to control explosive coal dust. The Mine Safety and Health Administration announced the final rule this past Monday. The rule was issued last …

Crews in Flint Battled 11 Fires at Vacant Homes

Three firefighters suffered heat exhaustion while battling a string of 11 fires at vacant homes on Flint’s east side on Tuesday that may have been intentionally set, authorities said. The first fire started about 12:30 a.m, and they all took …

Transocean Report Pins Gulf Oil Spill Blame on BP

Transocean Ltd , the owner of the oil drilling rig that exploded and sank in the Gulf of Mexico last year, blamed BP Plcin a report released Wednesday for decisions that led to the disastrous oil spill. Transocean and BP …