State Sen. Debbe Leftwich on Feb. 20 withdrew a measure that was before the Senate Judiciary Committee. Senate Bill 662 would have restored the right of employees to choose their own physician after being injured on the job. “This is …
Texas Mutual Insurance Company announced a $256,134 dividend for the Texas Schools Group (TSG) purchasing group. Premium volume and loss ratio were key factors in calculating the group’s third consecutive dividend. Texas Mutual Insurance Company has paid over $331,000 in …
Oklahoma Gov. Brad Henry said Feb. 19 the state has asked for federal public assistance for 20 more Oklahoma counties that were battered by winter storms last month. “The ice and snow storms caused serious hardships for countless Oklahomans,” Henry …
Two of the world’s largest insurers – Allianz AG and Munich Re – announced that they have signed on to the joint declaration issued by the Global Roundtable on Climate Change (GRoCC) in New York City on February 20. In …
Former congressional candidate Monica Lindeen has announced she is running for Montana state auditor in 2008. Lindeen, 44, was the Democratic nominee last year for Montana’s sole U.S. House seat and lost to Republican incumbent Denny Rehberg. Lindeen is the …
Delaware Insurance Commissioner Matthew Denn has conditionally approved a management buyout of Royal & Sun Alliance Insurance Group’s U.S. operations, even while chastising the company’s British parent for its practices. Denn ruled that there is essentially no legal or financial …
The Missouri Consumer Affairs Division of the Missouri Department of Insurance, Financial Institutions & Professional Registration recovered over $12 million from insurance companies in 2006. Preliminary figures also indicate over 4,300 complaints were received by the division with an additional …
M.J. Hall & Co. based in Stockton, Calif., has acquired the Walnut Creek, Calif.-based Cravens, Leffler & McCormick’s book of insurance business in an asset purchase effective Feb. 1, 2007. Cravens, Leffler & McCormick’s operations and current staff will be …
Despite a surge in lawsuits alleging options backdating, shareholder class action filings were down dramatically in 2006, even as settlements of existing cases soared past last year’s record levels, according to a major litigation report. Class action settlements paid by …
Yesterday’s U.S. Supreme Court 5-4 decision throwing out $79.5 million in punitive damages, a victory for cigarette maker Philip Morris, is also being seen as a victory by the insurance industry. In the case, Philip Morris USA v. Mayola Williams, …