Rebuilding Begins “I have been clear from the beginning: We will rebuild Joplin.” —Missouri Gov. Jay Nixon on June 1 announced the start of debris removal in Joplin, Mo., following the devastating tornado that hit the city on May 22, …
Rates Remain Competitive Despite Fewer Carriers, More Catastrophe Losses For apartment owners, the insurance market remains as competitive as it gets. Despite the sometimes heavy exposures that encompass the habitational risk, the vast majority of apartment owners see the cost …
Rep. Pat Ownbey of Ardmore says Oklahomans were reminded how vulnerable they can be when several tornadoes ripped through the state in May. Ownbey says lawmakers should take a look at incentives for having storm shelters that better protect Oklahomans. …
Austin, Texas-based Texas Medical Liability Trust (TMLT) announced that Charles R. (Chip) Ott Jr. will assume leadership of TMLT as president and CEO in late July. He will replace current President and CEO Bob R. Fields, who is retiring after …
American and Louisiana flags flew at half-staff outside Louisiana government buildings on June 9 and 10 in a show of respect for two state insurance fraud investigators who were shot to death on June 7. Gov. Bobby Jindal ordered the …
The financial toll from tornadoes that ravaged Springfield and several smaller communities has risen dramatically. The state’s Division of Insurance estimated Thursday that residents have filed 8,200 insurance claims totaling $140 million for damage caused by the June 1 tornadoes, …
A.M. Best Co. has placed under review with developing implications the financial strength rating of ‘C’ (Weak) and issuer credit ratings of “ccc” of Florida-based United Automobile Insurance Group and its member, United Automobile Insurance Company. Best has also downgraded …
Fifth District Court of Appeal in California has refused to review the Workers’ Compensation Appeals Board’s(WCAB) en banc decision in State Compensation Insurance Fund (SCIF) v. WCAB (Almaraz). This means that the Sixth District Court’s decision on the Workers’ Compensation …
A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Peerless Insurance Company Pool and their …
As predicted by the California Workers’ Compensation Institute, the temporary total disability rate in California for 2012 will increase to $1010.50. The state Division of Workers’ Compensation announced the minimum and maximum temporary total disability (TTD) rates for 2012 will …
