Iowa Gov. Chet Culver asked state lawmakers to pass tighter legislation prohibiting motorists from texting while driving. The call came after the state Senate passed a bill that would impose the texting ban on all drivers and voted down a House version that would apply the ban only to young motorists.
The catastrophic earthquake in Haiti should remind the U.S. about its vulnerability to disasters, according to the Insurance Information Institute. Most properties do not carry earthquake insurance, the III added.
The Independent Insurance Agents and Brokers of New York intends to pursue its threat of filing a lawsuit against the state if no revisions are made to the compensation disclosure rules proposed by the state's insurance department. This comes after the comment period on the proposal was closed.
An intense, fast-moving thunderstorm walloped Southern California on Tuesday, causing minor damage to many properties. Heavy rain flooded streets and stranded many motorists, while a tornado and a waterspout reportedly touched down near Los Angeles, officials said.
Louisiana Citizens Property Insurance this year is expected to drop more policies to encourage private carriers to sell homeowners' insurance in the state. The state's insurer of last resort saw the number of its policies last year shrink to about 131,000 from about 149,000 in 2008, and it intends to bring down the number to about 120,000 by year's end.