Newsbriefs

TORT REFORM BILL FILED IN ARK.

The Arkansas business community is behind a tort reform effort and the introduction of a bill that many believe will...

P/C INSURERS’ DEFICIENCY DOUBLES

Despite the property and casualty industry’s best efforts to have rates keep pace with losses, results are deteriorating, according to...

INSURERS ASKED TO JUSTIFY RATES

The Texas Department of Insurance (TDI) sent letters in December to the top 10 companies writing homeowners insurance in Texas...

PELLETS, NOT CRASH=KNEE PAIN

An investigation by Texas Mutual Insurance Co. revealed a man employed to pick up roadside trash has trouble with his...

OKLAHOMA AGENT FINED $20K

According to Oklahoma Insurance Commissioner Carroll Fisher, a Ponca City agent has agreed to pay a $20,000 fine, forfeit his...

AWARD SET AGAINST EX-EMPLOYEES

Millennium Insurance Agency Inc., headquartered in Houston, won a $10.7 million judgment against three former employees who had allegedly conspired...

INSURER IN RECEIVERSHIP

Oklahoma Insurance Commissioner Carroll Fisher obtained a temporary court order placing Fairway Employment Services into receivership. According to the insurance...

ECONOMIC FACTORS FUELING P/C RATES

Economic factors such as rapidly increasing claims costs, not some alleged conspiracy aimed at taking advantage of the American public,...

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