All the headlines from our Virginia Topic Page, ordered by recency.
Oct 14 2003 // West Virginia Insurance Commissioner, Jane Cline, announced recently that along with the fall season comes an increase in the number of auto related accidents involving deer and other wildlife. This increase occurs during...
Oct 7 2003 // An actuarial review of the Virginia Birth-Related Neurological Injury Compensation Fund reportedly finds that the outlook for the program’s ability to meet future claims payments has deteriorated. However, the State...
Aug 4 2003 // This year has been the busiest for enactment of state civil justice reform legislation since 1995, according to the American Tort Reform Association (ATRA). At mid-year, 20 states already have enacted laws; 19 laws were...
Jul 15 2003 // This year has been the busiest for enactment of state civil justice reform legislation since 1995, according to the American Tort Reform Association (ATRA). At mid-year, 20 states already have enacted laws; 19 laws were...
Jul 10 2003 // The reported increasing popularity of the National Conference of Insurance Legislators (NCOIL) Insurance Scoring Model Act and the publication of two significant studies showing an irrefutable link between credit-based...
Jun 9 2003 // Tennessee Commissioner of Commerce and Insurance Paula A. Flowers announced that her department received court approval to liquidate three Tennessee-chartered malpractice insurance companies that issued policies to...
Jun 6 2003 // North Carolina-based BB&T Insurance Services announced plans to buy STHARCO Inc., parent company of Kingsport Development Company (KDC) Insurance Inc. of Kingsport, Tenn.The acquisition would give the insurance broker...
May 20 2003 // Tennessee Commissioner of Commerce and Insurance Paula A. Flowers filed court petitions seeking the liquidation of three related Tennessee-chartered insurance reciprocal companies that insure thousands of lawyers, doctors,...
May 9 2003 // The Independent Insurance Agents & Brokers of America announced that it has asked the U.S. Supreme Court to hear an appeal of the Fourth Circuit Court of Appeals decision in which the lower court ruled that West...
May 8 2003 // Copart, Inc., the U.S. leading auto salvage service for insurance companies, announced that it has opened a new 12-acre facility in Richmond, Virginia, bringing its total locations to 102 in 40 states. “The new...
May 1 2003 // Virginia’s State Corporation Commission announced that it has temporarily stopped the payment of certain claims by Reciprocal of America (ROA) – a Virginia-domiciled reciprocal that was placed into receivership...
Apr 3 2003 // Gov. Mike Johanns, a Republican, made Nebraska the second state to enact a law that changes the Standard Fire Policy Act related to commercial insurance policies. Virginia was the first state to take such action late last...
Apr 2 2003 // BB&T Corporation reported that it has completed the company’s acquisition of insurance premium finance company Southeast Fidelity Corporation (SEFCO) of Tallahassee, Fla. BB&T has combined the 5-year-old...
Mar 31 2003 // Congressman Eric Cantor (R-Virginia) will address the National Association of Professional Insurance Agents during the group’s 20th Annual Federal Legislative Summit April 3, 2003 in Washington, D.C.PIA Assistant VP...
Mar 25 2003 // The Alliance of American Insurers has issued a bulletin noting that Virginia Governor Mark Warner has signed into law the nation’s first piece of legislation aimed at changing the Standard Fire Policy Act related to...
Mar 17 2003 // “Virginia’s 2003 legislative session ended with the softening of many bills that could have made it much more difficult for insurance companies to conduct business in the state,” said an announcement from...
Mar 11 2003 // The Alliance of American Insurers praised the West Virginia Legislature for its passage of SB 213, a venue reform bill that limits the ability of non-residents to bring suit in the state.“The lawmakers of West...
Feb 24 2003 // As the final days of the 2003 Virginia legislative session unfold, lawmakers are considering several bills that would impact the resources insurance companies currently use to underwrite and rate their products.Senate...
Feb 24 2003 // They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and...
Feb 11 2003 // Tennessee Commissioner of Commerce and Insurance Paula A. Flowers briefed the state’s House of Representatives on the department’s placement of three malpractice insurance reciprocals into receivership.“I...