Massachusett’s largest, locally-based auto insurer, which has frequently locked horns with the Romney administration, has been dropped from the board that oversees how high-risk drivers are apportioned among companies. Commerce Insurance of Webster, which covers almost a third of Massachusetts …
Hawaii Insurance Commissioner J.P. Schmidt has filed an application for an Order of Liquidation of The Hawaiian Insurance & Guaranty Co. Ltd. The order seeks to authorize Commissioner Schmidt as liquidator to take possession and control of HIG’s assets for …
Some of the dozen or so people who were evacuated from their homes in Clark, Wyo., due to a gas well blowout said they continued to be alarmed by possible air and water contamination. The blowout occurred Friday and a …
According to the Risk and Insurance Management Society Inc.’s RIMS Benchmark Survey, commercial insurance premiums were flat to slightly lower in the second quarter of this year compared to the prior year. The RIMS Benchmark Survey is a comprehensive survey …
California’s Governor Arnold Schwarzenegger and Insurance Commissioner John Garamendi have jointly submitted legislation to establish oversight responsibility and regulatory authority for the State Compensation Insurance Fund. The legislation assures appropriate regulation of State Fund as an insurance carrier by the …
The Interstate Insurance Product Regulation Commission has launched a new Web site www.insurancecompact.org to enhance its availability to consumers, insurers and regulators. The site “is a progressive step in reaching the Commission’s goal to provide a more streamlined method of …
Nearly one-third fewer Oklahoma teenagers smoked cigarettes last year compared to 1999, according to a state Health Department survey. The random survey of 4,000 high school and middle school students estimated there were 54,115 teen smokers in 2005. A similar …
A plant that makes military flares burned out of control near Minden, La., on Aug. 15, as firefighters waited a mile away in case it set off an explosive-filled magazine. “We’re not going to send anybody in to try to …
Representatives of State Farm Insurance Co. are on a media tour in Mississippi to give a more positive image to the company as it and others in the industry fend off lawsuits filed in the aftermath of Hurricane Katrina. Mike …
A federal judge presiding over most of the insurance lawsuits spawned by Hurricane Katrina is soliciting advice on the best way to resolve hundreds of cases in a “just, speedy and inexpensive” manner. In a letter sent Aug. 14 to …