Category: Insurance live news

2017 Texas Surplus Lines Premium Up 6.5% over Previous Year

Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). These numbers represent a 6.5 percent growth over 2016, and show a total 10-year growth of 66.2 percent since 2008, when premium totals reached $3.28 […]

Oklahoma’s Howell-Stone Insurance Joins Rich & Cartmill

Howell-Stone Insurance Inc., based in Oklahoma City, has joined Tulsa, Oklahoma-headquartered Rich & Cartmill Inc., effective Jan. 1, 2018. The affiliation will combine the strengths of both organizations to allow Rich & Cartmill better opportunity to service clients, the companies said. Leaders say the decision will benefit their customers by being able to provide a […]

FEMA OKs Disaster Declaration for California

The Federal Emergency Management Agency has made federal disaster assistance available to California to supplement state, tribal and local recovery efforts in the areas affected by wildfires from Dec. 4, 2017 and continuing. Federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work […]

New Laws Aimed at Medical Bills Come into Effect in Maine

Two new laws aimed at health care costs are coming into effect. Starting the new year, Maine health insurance carriers will face new requirements under a law backed by Republican Sen. Rodney Whittemore. Carriers must allow enrollees to get cost and quality data for comparable health care services through a website and toll-free telephone number. […]

Qatar Re Agrees to Buy Markerstudy’s Insurance Companies in Gibraltar

Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. The companies are: Markerstudy Insurance Co. Ltd., Zenith Insurance PLC, St. Julians Insurance Co. Ltd. and Ultimate Insurance Co. Ltd. Financial details of the deal were not disclosed, but Qatar Re said that Markerstudy underwrites more than 5 percent […]

Law Aimed at Maine Opioid Crisis Comes into Effect

A new law aimed at addressing Maine’s opioid crisis is coming into effect as advocates demand more urgency. Law enforcement officials say 376 Mainers died of a drug overdose in 2016. Republican Rep. Deborah Sanderson backed a new law that requires Maine health care providers to have an opioid medication prescribing policy by Jan. 1. […]