Latest News in Car Insurance – July 27, 2011
July 27, 2011 by Webmaster
Filed under Car - Truck, Property
Lloyd?s America President Watkins Campaigns for Broader Appeal
Hank Watkins, president of Lloyd’s America Inc., smiles like he has a big secret he wants to spill. The history of Lloyd’s of London is no secret: originated in Edward Lloyd’s coffee shop in London; underwriter of exotic risks including …
Western Insurance Agents Association Names New Chair
Carol Connors of Ck Specialty Insurance Associates based in San Jose, Calif., was installed as chairman of Western Insurance Agents Association for the 2011-2013 during the association?s annual business meeting held last month. Ms. Connors said she is looking forward …
Conn. Demands Unemployment Payments from Businesses
Tens of thousands of businesses in Connecticut are receiving bills from the state to pay $30 million in interest this year for state borrowing from the federal government for unemployment insurance benefits. About 73,000 employers have been assessed $1.70 per …
N.M. Snowstorm Cost $55 Million in Gas Claims
SANTA FE, N.M. (AP) _ The natural gas shortage that slammed the state last winter cost insurance companies $55 million in claims. A memo from the state Public Regulation Commission’s Insurance Division says homeowners received the most help representing 7,422 …
New York Stops Tour Bus Operators Following Crashes
New York Gov. Andrew Cuomo, following a recent rash of tour bus crashes, said he will suspend the operating licenses of eight charter and tour bus companies and their 100 buses after repeated failures in safety inspections. “The frequent and …
Pennsylvania Arson Bill Caught Up in Mandatory Sentencing Debate
A proposal to stiffen sentences for arson in Pennsylvania has run afoul of a debate over the use of mandatory minimum sentences in the commonwealth. State Sen. John Rafferty Jr., R-Chester, introduced the measure in March in response to the …
BrickStreet Bids to Keep West Virginia Workers? Comp Accounts
BrickStreet Mutual Insurance Co. has decided it wants to continue providing workers’ compensation insurance to state agencies. BrickStreet had said earlier this year that it wasn’t interested in continuing the coverage. The state then began seeking bids from other insurers. …
Chinese Drywall Supplier Told to Release Insurance Details
A South Florida judge has ruled that a Miami-based supplier of tainted Chinese drywall must disclose more details about a proposed $55 million class-action settlement. A Broward County judge ruled that Banner Supply Co. must release more information about its …
Florida?s Citizens to Seek Big Rate Hike for Sinkholes Today
Florida’s largest insurer of homes and businesses, state-backed Citizens Property Insurance Corp., will ask its board to approve a sizable premium increase — 400 percent– for providing coverage on sinkhole policies, a company spokeswoman said this week. The company will …
North Carolina House Joins Senate to Override Veto of Malpractice Cap
Victims of North Carolina doctors guilty of medical malpractice will be limited to $500,000 what they can collect for pain, suffering and lost body parts under legislation the state House passed into law over a veto by Gov. Beverly Perdue. …
