Michigan has some of the highest auto insurance rates in the country and auto insurance rate hikes there were higher than those in any other state over the past two years, according to the insurance consulting firm, Perr&Knight. Some see …
By a party-line vote, an Oklahoma House committee approved the latest version of a plan to overhaul the state’s workers’ compensation system after more than an hour of questioning and sometimes angry debate. The House Judiciary Committee cleared the bill …
Texas lawmakers are seeking to rein in lenders who finance lawsuits. Under a bill considered in the Texas House Committee on the Judiciary and Civil Jurisprudence, the lenders would have to abide by regulations that already apply to many other …
House Speaker T.W. Shannon says a Senate bill to overhaul Oklahoma’s workers’ compensation system could undergo changes in the House. The Senate voted 34-12 for the Republican-backed bill on Feb. 27, mostly along party lines, although two Republicans opposed it. …
A Republican-backed plan to overhaul Oklahoma’s workers’ compensation system has been approved by the state Senate, despite concerns that the cost savings in the bill come at the expense of those injured on the job. The Senate voted 34-12 for …
Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth. Unless a fractious Congress …
Oklahoma Insurance Commissioner John D. Doak says it’s time for the Legislature to address Oklahoma’s biggest economic issue: workers’ compensation reform. “Workers’ compensation costs are spiraling out of control,” Doak said in an announcement released by the insurance department. “Oklahoma …
Countries representing 70 percent of the global economy are set to negotiate lower barriers to trade in services after agreeing the structure of a deal, Australian Trade Minister Craig Emerson said in an interview. The push for a deal on …
Britain’s top financial watchdog delivered a 10-point plan to fix Libor, but stopped short of scrapping the benchmark interest rate in a much-awaited reform of a system plagued by scandal. “The system is broken and needs a complete overhaul,” said …
Impending changes in UK laws governing claims for Employers Liability (EL) and Public Liability (PL) should be a priority membersof the UK’s Managing General Agents’ Association were told at a recent briefing in London. The MGAA’s bulletin warned that changes …
