Monthly Archives: <span>December 2010</span>

Maine Governor Seeks Disaster Assessment from Storm

Maine Gov. John Baldacci is requesting a damage assessment for the torrential rainstorm that deluged eastern Maine earlier this month. The Dec. 12 storm dropped 6 to 8 inches of rain in places, washing out local roads, flooding basements and …

Lamp Cord Caused Fire That Killed 2 in Western Pennsylvania

A state police fire marshal says a damaged floor lamp cord caused a fire that killed an elderly western Pennsylvania couple last week. Eighty-six-year-old Lisle Jobe and his 82-year-old wife, Norma, died in the fire Wednesday morning in their home …

How to Fix Nation’s Flood Insurance Program

The Federal Emergency Management Agency (FEMA) is seeking a top-to-bottom review of the efforts to reform the nation’s flood insurance program. The National Association of Mutual Insurance Companies (NAMIC) has offered a set of reform proposals designed to improve the …

BP’s Gulf Spill Costs Look Manageable 8 Months Later

As the Gulf oil spill gushed out of control, BP’s financial liabilities seemed big enough to sink the company. No more. Cleanup, government fines, lawsuits, legal fees and damage claims will likely exceed the $40 billion that BP has publicly …

Report: Some Insurers ‘Low-Balling’ Auto Insurance Claims for Bodily Injury

Some insurance companies that use computerized systems to process their claims are making unfair, “low-ball” claims offers to people injured in automobile accidents, according to a consumer advocacy group. The Consumer Federation of America (CFA) is warning Americans that Colossus …

Immunity for Medicaid Providers Would Cost Taxpayers: Florida CFO Sink

Shielding Medicaid providers from lawsuits for negligent acts could cost Florida’s taxpayers an estimated $69 million per year in payments for private provider’s mistakes, according to a new report. Florida CFO Alex Sink sought the report after the Florida Legislature …

Texas Q1 2011 Workers’ Comp Discount, Interest Rate Set at 3.8%

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) has set at 3.8 percent the workers’ compensation interest and discount rate for the first quarter of 2011. This rate is computed by using the treasury constant maturity rate for …

Inspectors Find 2 Tennessee Dams in Need of Repair

State inspectors have found two privately owned hazardous dams in Tennessee that are in need of immediate repair, including one that the property owner seems unwilling to fix. An investigation by The Jackson Sun in May found that there are …

Florida Limit on Public Adjuster Solicitation Ruled Unconstitutional

A Florida court has thrown out a rule banning public adjusters from soliciting customers within 48 hours of a disaster or other insurance claims event. The First District Court of Appeal ruled that the restriction on solicitation violates commercial speech …

Ohio AG: More Consumers File Complaints in 2010

In 2010, more than 31,000 consumers filed complaints with Ohio Attorney General Richard Cordray’s office, topping last year’s historic high of 30,259 complaints, the AG’s office says. The new numbers were released in the office’s 2010 Consumer Protection Annual Report. …