Latest News in Home Insurance – July 26, 2011
Kansas Insurance Dept. Seeks African-American Scholarship Applicants
Kansas Insurance Commissioner Sandy Praeger is seeking applicants for five $1,000 scholarships to be awarded to African-American students enrolled in Kansas universities or community colleges during the 2012 spring semester. The deadline for spring semester 2012 applications is Oct. 1, …
Ohio?s Losses From 2011 Storms Top $500M
A handful of major storms that damaged parts of Ohio this year have caused more than a half-billion dollars in insured losses, and that number is expected to increase. Five storms have led to an estimated 125,000 claims and losses …
California Updates Pure Premium Rates Filing Process
California Insurance Commissioner Dave Jones today announced that the Workers’ Compensation Insurance Rating Bureau (WCIRB) has proceeded with his directive to revise its filing of pure premium rates in order to provide more meaningful and understandable information regarding insurer rates …
Bresnahan Named President of Lexington Insurance
David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is mving into his new role as president and chief executive officer of Chartis for the …
Japan Committee Clears Nuclear Compensation Bill
A lower house committee of Japan’s parliament on Tuesday passed a bill to help Tokyo Electric Power pay billions of dollars in compensation to those hurt by the Fukushima nuclear disaster, ensuring a law will soon be in place to …
California WC Appeals Board Takes Back Physician Ruling
Just a few months after the California Workers? Compensation Appeals Board ruled that a non-approved physician?s report cannot be used to support workers? compensation eligibility, it is reconsidering that ruling. The case has big implications for attorneys and physicians …
Allstate Agents Hope Unionization Sparks Changes at Insurer
Some unhappy Allstate Insurance agents who say the insurer controls them like employees even though they are independent contractors are moving to affiliate with a union. The National Association of Professional Allstate Agents (NAPAA) claims that the giant insurer is …
One Year Later, Hard Times for Kentucky Flood Victims
Along a newly paved road at Harless Creek in Kentucky’s Pike County, dozens of new vehicles and a handful of new modular homes point to progress since severe flooding hit the area a year ago. At Raccoon Creek, freshly cut …
More U.S. Lawsuits Target Chinese Reverse Mergers
Accounting debacles at U.S.-listed Chinese companies have prompted a surge of securities fraud lawsuits, but investors might have trouble recouping their losses even if they win. More than one-fourth of the 94 U.S. securities fraud lawsuits seeking class-action status and …
China Launches Safety Campaign After Deadly Train Crash
China’s rail minister, facing public outrage over Saturday’s deadly train crash, has ordered a two-month safety review of railway operations and apologized for the accident which killed 39 people, state media reported on Tuesday. Internet users have flooded websites and …
