Department of Transportation announces $908 million loan for Cotton Belt Corridor Regional Rail Project

(Washington, WA – Insurance News 360) – On Dec. 21, U.S. Transportation Secretary Elaine L. Chao announced the Build America Bureau has awarded a $908 million Railroad Rehabilitation and Improvement Financing (RRIF) direct loan to Dallas Area Rapid Transit to finance the Cotton Belt Corridor Regional Rail Project. “This financing demonstrates the Department’s commitment to […]

Fire deaths in Mississippi rise in 2018

(Jackson, MS – Insurance News 360) – Seventy nine individuals died from fire-related issues in 2018 across the state of Mississippi; the State Fire Marshal’s Office (SFMO) investigated 74 of those cases and local agencies investigated the others. This is an increase from 56 deaths in 2017 and 53 investigations by the SFMO. This is […]

Tennessee residents get millions back through mediation

(Nashville, TN – Insurance News 360) – The Tennessee Department of Commerce and Insurance returned or located more than $17.9 million in 2019 through mediation and recovery of lost life insurance benefits, the department announced on Jan. 10. Tennessee residents received more than $5.6 million through mediation, where TDCI insurance investigators worked with insurance companies […]

Vermont Department of Financial Regulation and Secretary of State Collaborate on Captive Insurance Blockchain Pilot

(Montpelier, VT – Insurance News 360) – Vermont Department of Financial Regulation Commissioner Michael Pieciak and Secretary of State Jim Condos on Jan. 9 signed a memorandum of understanding regarding a collaboration to explore blockchain technology and its use in digital record keeping practices of the captive insurance industry. The next day the two offices […]

Arch Insurance Company, National Untion Fire Company must provide $8 million in rebates; must pay $2.2. million in fines

(New York, NY – Insurance News 360) – New York Financial Services Superintendent Maria T. Vullo announced a combined $2.2 million in fines against Arch Insurance Company (Arch) and National Union Fire Insurance Company of Pittsburgh, PA (National Union Fire), and ordered the insurers to issue $8 million in retroactive rebates after violating state insurance […]

Missouri residents are affected by large bills and aggressive collection tactics after using air ambulance providers

(Jefferson City, MO – Insurance News 360) – Missouri residents are affected by large bills and aggressive collection tactics after using air ambulance providers, according to a report released on Jan. 8, 2019,  by the Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP). The DIFP initiated a data call for insurers in the state […]

Minnesota Commerce Department investigation reveals Frontier Communications failure to provide adequate, reliable service

(Saint Paul, MN – Insurance News 360) – On Jan. 4, the Minnesota Commerce Department filed an investigative report with the Minnesota Public Utilities Commission alleging a failure by Frontier Communications to provide adequate, reliable phone and internet service to customers in Minnesota. The report suggests that the company be made to refund or credit […]