Archive | February, 2012

TexasSure starts letter campaign

Dec. 31–WHEN TEXASSURE — the statewide database that allows law enforcement officers to match Texas registered passenger vehicles with auto liability insurance policies — was introduced, the progra…

Planet Business

LAURA SLATTERY looks back on a year in businessRunner-up : A special mention goes to Pat Farrell, Irish Banking Federation (IBF) chief executive, for the sheer quantity of apologies that he gave throu…

Mass. AG, Insurers Spar Over State’s Auto Insurance System

Insurers challenged the results of a report from the Massachusetts Attorney General that questions the state’s relatively new auto insurance “managed competition” system.
Under the current system, Massachusetts insurers are allowed to file proposed rates and the Division of Insurance has a certain amount of time to review the filings. Companies …

Snow-Removal Bills Leave States Scrambling

DENVER — The blizzards that hit the Midwest and the Eastern Seaboard this month rang up huge snow-removal bills for cash-strapped state and local governments — and left officials scrambling to figure out how they will pay to clear roads later in the winter.
Maryland’s State Highway Administration has spent more …

Mississippi Loans $19 Million To Wind Pool To Stabilize Rates

The Mississippi Insurance Department (MID) is transferring $19 million to the Mississippi Windstorm Underwriting Association—the state’s insurer of last resort—to help stabilize coastal homeowners insurance rates, the department said.
The transfer is already underway and should be completed by the first week of January, the department said in a statement.
“The transfer …

EDITORIAL ; Pining for the bad old days

We confess to being somewhat baffled by Attorney General Martha Coakley’s new report that is sharply critical of the state’s newly deregulated auto insurance system.And a report prepared last summer b…

New laws take effect in Louisiana

BATON ROUGE, La. – Nearly two dozen new state statutes take effect with the start of the new year. Prohibit the sale of novelty cigarette lighters, with exceptions for lighters manufactured before 198…

Car insurance bills to rise for Louisiana drivers

BATON ROUGE, La. – Auto insurance rates will rise Friday for more than 1 million Louisiana motorists as a law increasing the required minimum liability coverage goes into effect.Though the change was …

EDITORIAL: Pining for the bad old days

Dec. 30–We confess to being somewhat baffled by Attorney General Martha Coakley’s new report that is sharply critical of the state’s newly deregulated auto insurance system. And a report prepared las…

Twice As Many Consumers Oppose The Senate Heath Care Bill

Consumers oppose the current Senate Healthcare legislation by a two-to-one margin. In a nationwide survey conducted by the American Consumer Institute Center for Citizen Research (ACI), 48% of Americans oppose the Senate bill, while 24% support it…