The Texas Department of Insurance issued an alert to agents and consumers concerning a nontraditional insurance product offering it is investigating. The bulletin advised Texas insurance agents to exercise caution with respect to the offering. TDI said the nontraditional product …
California Insurance Commissioner Steve Poizner has unveiled a series of reforms to address what he says are systemic and structural deficiencies in the state’s workers’ compensation system. He also recommended a 14.2 percent decrease in workers’ compensation pure premium rates, …
Asian nations could reduce a quarter of their greenhouse gas emissions by 2030 if they increase renewable energy use, improve coal-fired power plant efficiency and switch to biofuels, a U.S. government report said Tuesday. However, the report from the U.S. …
If you think gasoline prices are high now, consider the eye-popping possibilities if another monster storm pummels the Gulf of Mexico this hurricane season, the way Katrina and Rita battered the petroleum-rich waters in 2005. The petroleum industry has spent …
Hunting and fishing trips taken by state officials and paid for by the state-run insurer of last resort, may have broken the law, according to a legislative audit report made public May 28. The audit found that Louisiana Citizens Property …
Another state insurance department has issued a warning about a Tennessee entity posing as an insurance company. Days after National Foundation of America (NFOA) of Franklin, Tenn., was ordered to cease and desist from the insurance business in Texas, Arkansas …
Halfway through the legislative session, spending plans and tax cut proposals are at odds, insurance relief proposals in post-hurricane Louisiana are under negotiation, and most major bills still are awaiting compromises. With one month down and one month to go, …
U.S. Secretary of Transportation Mary E. Peters announced that traffic deaths on U.S. roads were down slightly in 2006 according to preliminary figures, but cautioned that far too many lives continue to be lost. While the number of road deaths …
Mississippi Insurance Commissioner George Dale’s toughest opponent this year may not be another candidate but a band of attorneys that has launched newspaper and television ads criticizing him. The Scruggs Katrina Group, a coalition of four law firms, is latching …
Standard & Poor’s Ratings Services has assigned its “A+” junior subordinated debt rating to American International Group Inc.’s Series A-4 junior subordinated debentures due in 2077. “The ratings are based on the counterparty credit rating on AIG, which reflects the …