Georgia House Budget Increases Funds for Hurricane, School Safety

Article 0 Comments The Georgia House has approved a midyear budget adjustment that increases funding for school safety and farmers hit by the devastation of Hurricane Michael in October. Republican Rep. Terry England, chairman of the House Appropriations committee, said the $192.5 million in additional expenditures passed Friday comes after […]

Nebraska Grain Processing Plant to Pay $45M in Pollution Settlement

Article 0 Comments A judge has approved a class-action settlement between Muscatine, Nebraska, residents and a local factory that they blame for a noxious odor and haze and for causing health problems. District Judge John Telleen on approved the settlement over the Grain Processing Corporation plant, which makes corn-based products, […]

Federal Disaster Declaration Issued for North Carolina for Michael Damage

Article 0 Comments President Donald Trump has approved a major disaster declaration for North Carolina to provide for federal assistance to areas impacted by Tropical Storm Michael last fall. The declaration was announced in a news release issued Thursday and covers 21 counties statewide. It provides federal funding for state […]

Plymouth Rock to Acquire MAPFRE Insurance Company of New York

Article 0 Comments The New York State Department of Financial Services (DFS) has approved an application by Plymouth Rock Assurance Corporation to acquire MAPFRE Insurance Company of New York, a New York domestic property and casualty insurer, which will now be known as MICNY. “This approval of this acquisition demonstrates […]

Pennsylvania Insurance Department Approves Mid-Year Workers’ Comp Filings

Article 0 Comments The Pennsylvania Insurance Department has approved two mid-year workers’ compensation loss cost filings, effective January 1, 2019. The fillings are from the Pennsylvania Compensation Rating Bureau (PCRB), an independent bureau, which makes filings to the Insurance Department on behalf of the nearly 325 companies that write workers’ […]

Schumer Says Farm Bill Will Help New York Dairy Farmers

Article 0 Comments Sen. Chuck Schumer says the sweeping farm bill approved by Congress will help New York dairy farmers. The Senate’s Democratic leader says the bill invests $100 million in the federal dairy insurance program to help make it work better for smaller dairy farms. Another provision waives administrative […]

Congress to Extend Government Funding, Including Flood Program, Until Dec. 21

Article 2 Comments The House of Representatives today approved a two-week government spending bill and sent it to the Senate, which is expected to go along. The measure would prevent a partial government shutdown by authorizing funding until Dec. 21. The short-term funding resolution will also prevent a lapse of […]

Flood Insurance Lapse Avoided But Longer Term Extension Still Uncertain

Article 0 Comments The House and the Senate have approved a seven-day extension of the federal flood insurance program that keeps the program from lapsing Friday. That short extension will take the program to Dec. 7, the day by which Congress must pass a continuing resolution in order to continue […]

California OKs $16.3M Rate Reduction for Earthquake Policyholders

Article 0 Comments California Insurance Commissioner Dave Jones has approved a rate reduction for California Earthquake Authority residential earthquake policyholders that he says will bring millions of dollars in premium savings for 10s of thousands of homeowners and renters in the state. Jones and the California Department of Insurance worked […]

Pinnacol in Colorado to Drop Workers’ Comp Rates, Issue Dividend in 2019

Article 0 Comments Pinnacol Assurance’s Board of Directors has approved a plan to decrease workers’ compensation rates in 2019 by an average of 10 percent. The decrease will go into effect on Jan. 1, 2019, and will be the fourth straight year Pinnacol has decreased rates. Pinnacol’s board also declared […]