Differences of opinion on the never-ending problem of what to do about property insurance along the coast had lawmakers from coastal areas pitted against inland representatives in the waning days of the Texas legislative session. Sides were drawn in a …
Kansas geologists say they need more funding to investigate an unprecedented spike in earthquakes in the state. Kansas Geological Survey Director Rex Buchanan told the House Energy and Environment Committee that about half a million dollars is needed to beef …
The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with recommendations to bolster TWIA’s operational efficiency, stabilize …
Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has been in …
New rules posted by Texas insurance regulators on May 23 implement a process by which bonds may be issued on behalf of the state’s wind insurer of last resort for properties along the Texas coast. The Texas Department of Insurance …
Texas’ attorney general says the state is under no obligation to pay outstanding claims for the insurer of last resort for coastal properties should that organization not have sufficient funds to pay its bills. In a published opinion answering a …
Taiwan’s government will pay Transglobe Life Insurance T$88.4 billion ($3 billion) to take over ailing rival Kuo Hua Life after Transglobe beat out other competitors in the biggest taxpayer-funded bailout ever by the island state. Taiwan’s overcrowded life insurance industry …
The city of Beebe, Ark., has filed suit against White County over how the county distributes some funding to area fire departments. The suit was filed by Beebe Mayor Mike Robertson and the Beebe City Council after the county decided …
EU finance ministers have failed to deliver firm promises of cash to help poor nations deal with climate change, threatening progress at international talks to tackle global warming later this month. Talks on Tuesday in Brussels agreed vague wording but …
Kansas legislators have begun work on a bill that would create a special fund to cover the state’s share of disaster assistance. Maj. Gen. Lee Tafanelli, the Kansas adjutant general, testified before the Senate Federal and State Affairs Committee about …
