The Colorado Legislature wrapped up its regular session on May 4, with fairly positive results for the insurance industry and consumers. The auto insurance system will remain a tort system, instead of reverting back to a no-fault system, which many …
A class action settlement has been reached with Blue Cross of California, a Wellpoint subsidiary, concerning the cancellation of health insurance policies that occur after a claim for pre-authorized medical treatment. From now on, Blue Cross has agreed that it …
With much of its equipment in Iraq, the Arkansas National Guard could have problems like Kansas is experiencing if a disaster were to strike Arkansas, Gov. Mike Beebe says. Kansas Gov. Kathleen Sebelius voiced frustration in the wake of deadly …
Texas emergency officials are struggling to assure their local counterparts that the wars in Iraq and Afghanistan won’t damage the state’s ability to respond to a major hurricane striking the Gulf Coast. Local emergency coordinators at the State Hurricane Conference …
Louisiana Gov. Kathleen Blanco won a House committee’s approval for her plan to ease Louisiana’s property insurance crisis by offering $100 million in financial incentives to insurance companies. Blanco’s plan won approval from the House Insurance Committee despite members’ election-year …
Louisiana should privatize its state-run “insurer of last resort,” the fastest-growing property insurance company since hurricanes Katrina and Rita sent homeowners and commercial policies upward, the state Senate voted on May 9. Senators voted to approve a bill that would …
Fort Worth, Texas-based Hallmark Financial Services Inc. reported quarterly net income of $5.0 million for the first quarter ended March 31, 2007, representing a 105 percent increase over net income of $2.4 million for the first quarter of 2006. During …
CastleBay Consulting Corporation, a consulting services firm headquartered in Austin, Texas, and specializing in providing high impact consulting services to the property/casualty insurance market, announced that it has acquired Apteon, a Pennsylvania-based provider of P/C technology related consulting and services. …
Lousiana Commissioner of Insurance Jim Donelon announced that State Farm has agreed to reevaluate all of the claims it denied from Louisiana policyholders whose homes or businesses were reduced to their foundations due to damage caused by Hurricane Katrina or …
An Alexandria, La., insurance agent has been arrested and issued a cease and desist order and summary suspension of his licenses for allegedly misappropriating premium money from policyholders and failing to remit premiums to the insurance company, the Department of …