Louisiana insurance regulators have rejected a rate increase from the state’s largest insurer of homes. State Farm Fire and Casualty Co. wanted an average 14.3 percent rate hike for its 301,000 customers who get homeowners and condominium coverage, as well …
Oklahoma state lawmakers seem to be serious about reforming the state’s tort environment. Legislation aimed at eliminating joint and several liability, requiring that juries be provided with information on the tax impact of potential awards, and capping noneconomic damages in …
A last-minute effort to work out a settlement with Tenet Health Systems and Memorial Medical Center in a lawsuit over deaths at the hospital during Hurricane Katrina was unsuccessful. Jury selection for the trial was to begin Mar. 22 in …
A Deville, La., insurance agent has been accused of attempting to defraud insurers by submitting false business and receiving more than $127,000 in unearned commissions. Robert Lee Daniel III, 29, was served on March 18 by the Department of Insurance …
Electronic device insurance provider, Stillwater, Okla.-based Worth Ave. Group, has expanded its comprehensive insurance coverage for electronic devices to include e-readers, gaming consoles and digital cameras. Worth Ave. Group protection covers new, used or factory refurbished devices against virtually any …
Two pieces of legislation recently filed in Texas would require insurance companies to provide customers with more complete information on rate increases and expand resources available to consumers for shopping the market. Rep. Armando Walle of Houston says House Bill …
Texas agents who sell policies for the Texas wind insurance pool need to provide banking data to the association in order to begin receiving monthly direct deposit commissions. The Texas Windstorm Insurance Association has sent a second notice to agents …
Two lawmakers have introduced separate but similar bills aimed at reforming the troubled state-backed wind risk insurer for property along the Texas coast. At a packed hearing on Mar. 15, Texas House of Representaives Insurance Committee Chairman Rep. John Smithee …
The governing board of Louisiana’s insurer of last resort has approved an average 6.5 percent annual rate increase for its 119,000 homeowners’ policies. Higher rates for those homeowners covered by Louisiana Citizens Property Insurance Corp. go into effect July 1. …
Arkansas’ economy has been less affected by the national recession than most other states because of its concentration on agricultural industries, according to a report released March 18. The report, issued by the University of Arkansas Division of Agriculture, said …
