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Recent Articles from 'the Current'
A new law will allow property insurers covering commercial lines policies to certify that their changes to coverage forms comply with state law and then take them to the market before getting the typical thorough review from state regulators. The law makes permanent a temporary order from Insurance Commissioner Kevin McCarty last year. ... Related Research: Commentary, letters, an order by Insurance Commissioner Kevin McCarty, an OIR order, and a report.
Environmental groups are supporting a ballot measure that would direct 33 percent of an excise tax on documents towards conservation activities. Analysts say whether the amendment resulted in more or less money being spent would depend on decisions made by the Legislature.
The deal gives nine month-old Heritage Property and Casualty Co. up to $52 million to take over 60,000 policies throughout the state. Heritage will be allowed to select policies without any claims filed over the past five months.