Colorado Gov. Bill Owens has issued an executive order declaring the Picnic Rock fire a state disaster emergency. The Governor’s action authorizes up to $2.2 million in state disaster emergency funds to help cover the costs of the fire in …
The Georgia Senate has passed a tort reform bill designed to address the state’s growing hospital and medical malpractice insurance liability crisis. The Senate passed H.B. 1028 last week on a 36-to-17 vote, and the bill is now in a …
A final payment of $750,000 was received by Craig Goettsch, superintendent of securities at the Iowa Insurance Division, this week, as 10 Wall Street brokerage firms have now paid almost four and a half million dollars in the past year …
Maryland Attorney General J. Joseph Curran, Jr., announced that Derek D. Hayes, of Baltimore Maryland, was convicted of insurance fraud in the Circuit Court for Howard County on March 30, 2004. The conviction follows a joint investigation conducted by the …
The European Parliament, the legislature for the European Union, has voted to prohibit gender discrimination in calculating premium rates for the sale of insurance products. The proposal first surfaced in May 2003, and was formally introduced last December. It drew …
The Colorado Senate yesterday, passed legislation (SB 216) that follows the National Conference of Insurance Legislators (NCOIL) credit-based insurance scoring model act. “This legislation provides lawmakers a positive alternative to banning insurers’ use of credit information in personal lines insurance,” …
Oklahoma’s Speaker of the House, Larry Adair, and Senate President Pro Tempore Cal Hobson announced the formation of a 23-member bipartisan joint committee on lawsuit reform. The committee, which will be led by Representative Jari Askins and Senator Mike Morgan, …
WebMD Corporation announced that it has entered into a definitive agreement to acquire Dakota Imaging Inc., a privately held provider of automated healthcare claims processing technology and Business Process Outsourcing (BPO) services. Dakota’s scalable software and BPO services provide automation …
The American Academy of Actuaries will sponsor a luncheon meeting on Wednesday, April 7 in Washington D.C. to discuss current legislation pending in Congress on asbestos. “Highlights include an update on the Academy monograph ‘Overview of Asbestos Issues and Trends.’ …
As the 2004 Maryland legislative session draws to a close, a myriad of property/casualty insurance bills reportedly benefiting consumers in providing disaster relief and fair underwriting and rating practices are advancing. The legislature is scheduled to adjourn April 12. Much …