Latest New Mexico Headlines

All the headlines from our New Mexico Topic Page, ordered by recency.

New Mexico Passes Regulatory Modernization Bill

Mar 19 2007 // The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of...

Gainsco Offering Auto Insurance in New Mexico

Mar 16 2007 // Dallas-based GAINSCO Auto Insurance, which insures drivers across the Southern United States, has expanded its operations into New Mexico and will sell its personal auto policies through a network of independent insurance...

New Mexico PRC Asking Why Former Superintendent Didn’t Investigate

Mar 8 2007 // New Mexico’s Public Regulation Commission is asking why former Insurance Superintendent Eric Serna did not investigate a title insurance company that admitted giving more than $300,000 to a builder in what a state...

The Commissioners: Morris Chavez

Feb 26 2007 // Regulator committed to restoring ethicsAfter replacing two insurance superintendents in less than a year over allegations of questionable activities, New Mexico’s Insurance Department seems to sorely need some ethics...

CaseLaw Watch

Feb 26 2007 // Attorneys Fees State Farm Mutual Automobile Insurance Co. v. Lestenkof (Alaska, Sept. 29, 2006)Ruling: In this case, the court considered whether an auto insurer must pay unlimited (Alaska Civil Rule 82) attorney’s...

Morris Chavez, New Mexico, State Insurance Superintendent

Feb 25 2007 // After replacing two insurance superintendents in less than a year over allegations of questionable activities, New Mexico’s Insurance Department seems to sorely need some ethics training. The latest appointed...

Case Law Watch

Feb 25 2007 // Attorneys FeesState Farm Mutual Automobile Insurance Co. v. Lestenkof (Alaska, Sept. 29, 2006) Ruling: In this case, the court considered whether an auto insurer must pay unlimited (Alaska Civil Rule 82) attorney’s...

One-on-one interviews with 15 insurance regulators

Feb 12 2007 // One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their...

New Mexico – Morris “Mo” Chavez

Feb 11 2007 // After replacing two insurance superintendents in less than a year over allegations of questionable activities, New Mexico’s Insurance Department seems to sorely need some ethics training.The latest appointed...

New Mexico Auditor Proposes to Conduct More Fraud Investigations

Jan 18 2007 // New Mexico Auditor Hector Balderas wants to send a message to the public and would-be whistleblowers in state and local government: alert his office to potential fraud, corruption or mismanagement.Balderas, a lawyer and...

New Mexico Insurance Division Offers Auto Premium Comparision Guide

Jan 9 2007 // New Mexico drivers now can compare personal auto insurance rates on the New Mexico Public Regulation Commission’s Web site: www.nmprc.state.nm.us. The guide to compare premiums can be accessed by clicking on the...

New Mexico workers compensation rates are cut an average of 4.2 percent

Nov 6 2006 // Rates are being cut for New Mexico workers’ compensation insurance premiums.The state Insurance Department has approved overall workers’ compensation rate reductions of 4.2 percent for the voluntary market and...

New Mexico workers compensation rates are cut an average of 4.2 percent

Nov 5 2006 // Rates are being cut for New Mexico workers’ compensation insurance premiums.The state Insurance Department has approved overall workers’ compensation rate reductions of 4.2 percent for the voluntary market and...

N.M. Fraud Bureau Hosts National Fraud Directors Conference

Oct 30 2006 // The New Mexico Insurance Fraud Bureau, a bureau of the New Mexico Public Regulation Commission Insurance Division, is hosting the 2006 National Insurance Fraud Directors Conference in Santa Fe, N.M., on Oct. 30- Nov. 1.New...

Declarations

Oct 23 2006 // Back on track“With these new appointments, the Commission is committed to a new focus for the Division of Insurance, making New Mexico a more friendly place to do insurance business, while making the industry...

New Mexico appoints superintendent, creates market conduct

Oct 23 2006 // The New Mexico Public Regulation Commission has given unanimous consent to the appointment of Morris Chavez as the superintendent of insurance. He replaces former Superintendent Eric Serna, who retired in May amidst...

Sunday liquor sales mean more Sunday crashes, study indicates

Oct 23 2006 // Alcohol-related crashes increased 29 percent and alcohol-related crash fatalities rose 42 percent on Sundays after New Mexico approved Sunday package liquor sales, a new study found.The increase translates to an additional...

New Mexico Workers Compensation Insurance Rates are Cut

Oct 18 2006 // Rates are being cut for New Mexico workers’ compensation insurance premiums.The state Insurance Department has approved overall rate reductions of 4.2 percent for the voluntary market and 1.3 percent for the assigned...

New Mexico Commission seeks new insurance superintendent

Oct 9 2006 // New Mexico’s Public Regulation Commission has chosen a finalist to replace former Insurance Superintendent Eric Serna, but regulators won’t say who that person is.Following a closed meeting on Sept. 26, the PRC...

Insurance damage price tag on New Mexico hailstorm tops $10 million

Oct 9 2006 // More than 2,200 auto claims and approximately 950 homeowner claims have been filed due to a hailstorm in southern New Mexico, an insurance industry association said.Pea to golf ball sized-hailstones battered Las Cruces,...