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The Insurance Policy

Regulators: Captive Insurance Now a Billion-Dollar Industry in Missouri

The captive insurance market in Missouri has seen explosive growth in the past year, state regulators say, with annual premium for these companies reaching a little more than $1 billion for ...
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National Flood Insurance Program Temporarily Restored

The U.S. Senate last night passed legislation that includes an extension of the federal flood insurance program until March 28. President Obama has signed the measure. The extension means that the ...
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Stratton Receives ISU International Star Producer Award

ISU International announced it is giving its "Star Producer" award for 2010 to Mike Stratton of ISU Stratton Agency in Pendleton, Ore. He earned first place among candidates based upon his ...
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Amerisafe Net Income Rises Despite Premium Decreases in Q4 2009

DeRidder, La.-based workers' compensation insurer Amerisafe Inc. reported net income of $6.6 million in the fourth quarter of 2009, an increase of 15 percent over the $5.7 million recorded in the ...
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Burns & Wilcox Adds McCormick

Laura McCormick has joined Farmington Hills, Mich.-based Burns & Wilcox as a professional lines broker specializing in miscellaneous professional, environmental consultants, E&O and ...
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Louisiana's Vitter Wants to Stop Flood Map Updates While Levees Fixed

U.S. Sen. David Vitter of Louisiana wants to stop the Federal Emergency Management Agency from updating flood maps around communities working to fix levees found to be deficient. Vitter said many ...
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Optional Insurance for Oklahoma Lawmakers Approved in House

The Oklahoma House has passed legislation allowing lawmakers to opt out of the state employees group health and life insurance plans. House members voted 92-4 for the bill and sent it on to the ...
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Calif. Construction Company Sued for Misclassifying, Underpaying Workers

California Attorney General Edmund G. Brown Jr. has filed a lawsuit against Livermore-based Country Builders Inc. after he said the company "cheated workers out of wages," falsified the company's ...
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Kansas Insurance Commissioner Honored by American Medical Assoc.

Kansas Insurance Commissioner and former National Association of Insurance Commissioners President Sandy Praeger was honored with the American Medical Association's (AMA) top government service ...
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Vermont Firms to See Decline in Workers' Comp Costs

Vermont Gov. Jim Douglas says the state's business owners are going to be paying less for workers' compensation insurance. The new rates that will take effect April 1 will mark the fourth ...
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Fireman's Fund Names Senior VP of Product Management for Commercial Insurance

Novato, Calif.-based Fireman's Fund Insurance Co. announces that David Zona has joined the company as senior vice president of product management in commercial insurance. He will be responsible ...
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America's Seniors Not a Retiring Bunch

With the economy's ill health continuing and their own personal health improving, America's senior citizens are not retiring like they used to. In fact, more of them are working every day. Since ...
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Kentucky Governor Urges Workers Compensation Rate Cut

Kentucky Gov. Steve Beshear has asked the state's largest workers' compensation insurer to consider returning some of its $147 million surplus as a premium reduction or dividend to the small ...
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Mass. AG Coakley Opposes Proposed Workers' Compensation Rate Hike

Massachusetts Attorney General Martha Coakley said she opposes an insurance industry request to raise workers' compensation premiums by about four percent this year. She said the hike would put ...
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Rental Car Firm Vicarious Liability Case Reaches Florida Supreme Court

An accident victim's lawyer this week urged the Florida Supreme Court to rule that rental car companies can be held liable for damages in an accident they did not cause in the state, even though a ...
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