A $3.05 billion bond issue, believed to be the largest single bond issue in Florida’s history, according to Terri Slack, Citizen’s CFO, will be finalized June 29 in Miami. Slack said the bonds will be taxable, auction-rate bonds that will …
Gov. Jennifer Granholm vetoed a bill on Friday, June 23rd that would have repealed the state of Michigan’s 37-year-old mandatory helmet law. “Repealing the requirement that motorcyclists wear helmets would be costly to all Michigan families,” Governor Graholm wrote in …
The Supreme Court has affirmed a jury award for a Tennessee forklift operator who was transferred to a more physical job after she filed a lawsuit accusing her employer of sexual harassment. By a 9-0 vote, justices said that Sheila …
California Insurance Commissioner John Garamendi announced the early morning arrests of 20 suspects involved in a staged auto collision ring dubbed “Operation Freeway Squat.” The bust targeted a major auto insurance fraud ring that involved staged auto collisions which has …
Incumbent Insurance Commissioner Sandy Praeger and candidate hopeful State Rep. Eric Carter got to the point, so to speak, recently when they spoke before members of the Wichita Association of Health Underwriters. A point here, a point there, and a …
Louisiana Workers’ Compensation Corporation (LWCC) announced it is paying a $19.6 million dividend to qualifying policyholders. LWCC’s board of directors declared the dividend, which is believed to be the largest ever paid in Louisiana by a workers’ compensation insurer, topping …
Pay increases for most salaried workers will average only 3.5 percent this year and stay at that level through 2007, The Conference Board reports. Pay increases in insurance were slightly higher than projected; diversified service was slightly lower. For the …
In Multicounty Grand Jury indictments unsealed in Oklahoma County District Court, seven people, including four town trustees, were accused of conspiring to personally profit by publicly funding a failed cocoa butter plant near Hinton, state Attorney General Drew Edmondson reported. …
Liberty Mutual Group has begun construction of a 350,000 square foot office building located on 225 acres of land the company owns in Dover, New Hampshire. The company expects to begin occupying the building in late 2007. Included in the …
Texas Farm Bureau Insurance Companies named Mike Gerik as head of its Texas insurance operations. Gerik was promoted to executive vice president of the Texas Farm Bureau Mutual Insurance Company and vice president/state manager of the Southern Farm Bureau Casualty …