insurance News

Miss. Insurance Commissioner Chaney Has 2 Opponents

Louis Fondren, a Democrat from Gautier, and Barbara Dale Washer, the Reform Party candidate from Hattiesburg, seek to dislodge incumbent Mike Chaney as Mississippi insurance commissioner. Chaney, 67, a Republican from Vicksburg, served in the state Legislature before being elected …

Oklahoma Lawmaker Wants All Daycares Insured

An exemption that allows some daycare operators not to carry liability insurance coverage should be removed, a state lawmaker told a legislative panel. More than 1,500 home-based daycare operators and nearly 140 day care centers in the state don’t carry …

A Framework of Adjusting Medical Claims Involving Possible Experimental Treatment

Modern health insurance policies and ERISA plans exclude coverage for experimental medical treatments. The question of what types of treatments qualify as experimental is problematic. Adjusting a claim for medical treatment which may be experimental can be a difficult exercise. …

Wisconsin Home Explosion Victims Get $5M

A furnace installation company and its insurer have agreed to pay $5 million to the victims of a fatal home explosion in Sun Prairie. Twenty-six-year-old Andrew Manley died when the blast leveled a house and damaged several others in November. …

Oregon Ducks Player Cited Again, Car Impounded

Oregon cornerback Cliff Harris was suspended Monday after he was pulled over for several infractions, including driving on a suspended license and driving without insurance. In a statement released by the school, Ducks coach Chip Kelly suspended Harris pending further …

Initial Cleanup of Vermont Office Complex Completed

The initial cleanup and stabilization of Vermont’s state office complex in Waterbury that was damaged by Tropical Storm Irene will cost $20 million to $25 million, officials said Monday. They expect insurance and the Federal Emergency Management Agency to cover …

Former Arizona Constable Arrested for Arson

A former Tempe, Ariz., constable has been arrested for allegedly conspiring to burn down his home for insurance money. Tempe police said Monday they arrested 30-year-old Jonathan Harold Irwin Levenson Saturday night after a four month investigation. Levenson previously served …

$19,000 Reward Presented in Washington Arson Case

Police, fire and insurance officials are presenting a reward of nearly $19,000 Monday to a Seattle, Wash., woman and her brother who provided information that helped convict a man in the Greenwood arson case. Nineteen fires set in Seattle’s Greenwood …

Donelon Re-elected as Louisiana Insurance Commissioner

Insurance Commissioner Jim Donelon is retaining his elected post. Donelon, a Republican from Metairie, sailed to re-election Saturday. He defeated little-known Democrat Donald Hodge, who criticized Donelon for receiving hundreds of thousands of dollars in campaign donations from insurance companies. …

AIR Worldwide Updates Terrorism Model for the U.S.

Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its terrorism model for the United States to reflect less frequent and lower-severity attacks based on a reassessment of the threat by a team of terrorism experts. The model is used …