AM Best indicated two weeks ago that they planned to downgrade Dallas National Insurance Company to B++ with a “negative” outlook. AM Best’s primary concern is our Company’s future profitability given our growth during what they perceive to be “softening …
The Texas House of Representatives passed House Bill 3928, the franchise tax correction bill, by Rep. Jim Keffer (Eastland), which increases the tax emption for small business in House Bill 3 passed during last year’s Third Called Special Session. House …
Public and private companies — more than 66% of respondents — have received a record number of inquiries from potential board members who are concerned about their current directors and officers (D&O) liability insurance, an increase of 16% from 2005, …
The Texas Department of Insurance announced enforcement actions that became final during March include nine license revocations, four license denials and fines and restitution totaling $188,826. Copies of Insurance Commissioner Mike Geeslin’s orders may be obtained by contacting TDI’s Public …
Kan. Insurance Commissioner Sandy Praeger is urging Medicare beneficiaries and their families to be aware of a new Medicare phone scam. The caller claims to be a Medicare representative from your area Medicare Office. They report that all Medicare Beneficiaries …
A former police union president in Monroe, La., is accused of lying to federal investigators about a former officer’s alleged insurance scam. Federal agents arrested Paul Brown, 41, a 16-year department veteran who served two terms as president of the …
California Insurance Commissioner Steve Poizner will hold a hearing today to receive testimony from the Workers’ Compensation Insurance Rating Bureau (WCIRB) regarding its pure premium rate recommendation. Commissioner Poizner will soon determine the workers’ compensation pure premium rate, which the …
Iowa transportation officials have released a plan aimed at reducing highway deaths by 10 percent by 2015. The plan released this week calls for greater restrictions on young drivers, a motorcycle helmet law and expanding the seatbelt law to include …
While Louisiana struggles to retain insurance markets and affordable coverage, the state’s lawmakers are targeting problems with the state’s insurer of last resort and building codes. A Louisiana State Senate committee has approved a bill to put Citizens Property Insurance …
Plaintiff attorneys at the Scruggs Katrina Group, headed by Richard “Dickie” Scruggs, said they have brokered an out-of-court settlement for 34 Met Life Property & Casualty policyholders in Mississippi over Hurricane Katrina claims. “The terms of the settlement are confidential …