State Auto Estimates Q1 Storm Impact Could Reach $21M
Ohio-based State Auto Financial Corp. has estimated first quarter 2012 results will include between $19 million and $21 million in pre-tax catastrophe losses. The company announced that the estimate reflects anticipated recoveries under the State Auto Group’s property catastrophe excess of loss reinsurance agreement and homeowners quota share reinsurance arrangement
N.Y. Gov. Cuomo Orders Statewide Health Insurance Exchange
Gov. Andrew Cuomo issued an executive order Thursday to establish a statewide health insurance exchange intended to reduce coverage costs for individuals, small businesses and local governments. The New York Health Benefit Exchange, a federally authorized and financed marketplace for buyers, is also aimed at including more than a million New Yorkers now without coverage.
California State Fund Reports Drop in Net Premiums
April 13, 2012 by Story Submiter
Filed under News
California’s State Compensation Insurance Fund released its annual report on Thursday showing just over $1 billion dollars in net premiums earned, a drop from 2010’s figures.
Arkansas AG Certifies Ethics Measure’s Lobbyist Language
April 8, 2012 by Story Submiter
Filed under News
Supporters of a measure that would ban corporate contributions to political candidates in Arkansas and ban any lobbyist gifts to legislators were given clearance to begin gathering signatures to place their proposal on the ballot this fall. Attorney General Dustin McDaniel certified the language of the proposed initiated act by Regnat Populus, a Little Rock-based group formed to support the campaign finance and ethics measure
Colorado Wildfire Nearing Full Containment
A blaze that may have been sparked by a prescribed burn conducted by the Colorado State Forest Service and ignited by high winds on Monday is now at 90 percent containment, the Forest Service said Saturday afternoon. The Lower North Fork wildfire in Jefferson County is estimated to have consumed 4,140 acres and has reportedly destroyed 25 structures, revised downward from 27, and killed two people
Colorado Blaze Still At 0 Percent Containment
A blaze that may have been sparked by a prescribed burn conducted by the Colorado State Forest Service and ignited by high winds on Monday continues to burn with 0 percent containment, the Forest Service said Wednesday afternoon.
Alabama Has Not Yet Addressed Home Insurance Costs, Availability
March 27, 2012 by Story Submiter
Filed under Discussion, News
Gov. Robert Bentley has not yet kept a campaign promise he made in 2010 to have the Legislature address the rising cost and declining availability of homeowners’ insurance in Alabama.
Supreme Court Rejects Tobacco Firm Appeal of Florida Award
March 26, 2012 by Story Submiter
Filed under News
The U.S. Supreme Court said on Monday it will not hear an appeal by R.J.
Poll Shows Oregon Parents Want Stricter Guidelines for Teen Drivers
Nearly six in 10 parents go beyond the rules imposed by Oregon’s graduated licensing laws, and 52 percent think the state should enforce stricter consequences for those who violate teen-driving laws, a poll from PEMCO Insurance shows.
Got a Gripe? Massachusetts Consumers Had Many in 2011
Home improvement contractors, used cars, insurance claims and foreclosure scams were among the top consumer complaints lodged by Massachusetts residents in 2011. Several state and federal agencies gathered Tuesday to release their lists of the top five consumer gripes of 2011. Insurance complaints of all types — automobile, health and home — made the list from the state consumer affairs division