News
Group Urges N.Y. to Overhaul Regulation of Force-Placed Insurance
The Consumer Federation of America (CFA), a Washington, D.C.-based consumer advocacy group, today called on New York regulators to become a national leader in overhauling regulation of force-placed insurance (FPI) for homeowners. New York Financial Services Department is holding a …
Lafayette, Louisiana, Traffic Camera Program to Continue
Lafayette, La.’s traffic camera enforcement program will remain in place. The City-Parish Council voted to extend Lafayette Consolidated Government’s contract with Redflex Traffic Systems, but it drastically changed the extension negotiated by City-Parish President Joey Durel’s administration. The council not …
Hawaii Health Insurance Providers Report 1Q Income
Hawaii’s two largest health insurance providers earned operating income during the first three months of the year. Hawaii Medical Service Association on Tuesday reported operating gain of $7.2 million for the quarter, amounting to just over 1 percent of dues …
Aon Hewitt Says NYC Is World?s Lowest-Risk City For Recruiting, Hiring
New York maybe crowded and noisy, and the cost of living in the city is sky-high. But it’s also the best city in the entire world for recruiting, employing and relocating employees, according to a new study. Aon Hewitt’s 2012 …
Denver Agencies Holding Major Disaster Drill
Nearly a dozen helicopters will fill the Colorado air as Denver-area emergency crews practice for a mass disaster. The exercise Wednesday is a major test of the National Disaster Medical System. It will involve more than 200 simulated patients, 11 …
Brown & Brown Acquires Insurcorp Assets
Brown & Brown Insurance of Nevada Inc., a subsidiary of Brown & Brown Inc., has acquired certain assets of Insurcorp and Maalouf Benefit Resources, which recently combined under the name Insurcorp. Following the transaction, Insurcorp’s operations will be combined with …
N.H. Senate OKs Reimbursement for Naturopaths
Doctors of naturopathic medicine would be reimbursed by health insurance companies under a bill passed by the New Hampshire Senate. The Senate voted 16-8 Wednesday in favor of the bill. Opponents argued that the bill amounted to a mandate for …
Texas Windpool to Remain Under Administrative Control
Texas? insurer of last resort for wind and hail in coastal counties will remain under the administrative control of state regulators and it will file for a 5 percent rate increase in August to become effective Jan. 1, 2012. At …
California Legislator Calls for Hearing on Intervenor Fees
State Sen. Juan Vargas, D-San Diego, has become the latest person to question intervenor fees, calling on the California Department of Insurance to review a state program that allows consumer groups to intervene in insurance rate cases. According to Vargas, …
The Industry?s Role in Cutting Down Crooked Contractors
Approximately one year ago, on Sunday, May 22 at about 5:30 p.m., Joplin, Mo. was devastated by a massive EF 5 tornado that at times was one mile wide and traveled on the ground for more than 20 miles. This …
Two Workers Hurt in Texas Fracking Tank Site Blast
Two workers were hurt in an explosion at a hydraulic fracturing tank site in south Texas early on Wednesday, a sheriff’s dispatcher said. U.S. workplace safety regulators cited the company that owns the site, Vann Energy Services LLC, three months …
Allstate Loses $280 Million on Disasters in April
Home and auto insurer Allstate Corp. said on Thursday it lost $280 million in April on natural disasters, more than it lost in the first three months of the year combined. Allstate said the pre-tax loss came from 10 separate …
How Young Insurance Agents Are Changing the Industry
There?s a change happening ? a big change. And some say young independent insurance agents are the catalyst for that change. They may even be leading a revolution, of sorts, says one young agent leader. Jason D. Cass, owner of …
EEOC Updates Best Practices for Using Criminal Records in Hiring
Recognizing that technology has changed hiring procedures and also that more people are coming in contact with the criminal justice system, the federal government has updated its guidelines for employers who use arrest and conviction records in their hiring decisions …
For Law Firm Dewey & LeBoeuf, the Time May Have Come for Last Rites
For Dewey & LeBoeuf, the time may have come for last rites. It has laid off hundreds of employees, been hit with lawsuits for not paying its bills and continued to shed partners, including on Wednesday the last member of …
