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Appeals from the United States District Court for the District of Minnesota.
Before Richard S. Arnold, Beam, and Murphy, Circuit Judges.
Murphy, Circ...
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New Law Will Give More Low-Income Motorists Access to Innovative Insurance Program; Most Participants In Program Were Previously Uninsured Drivers
SANTA MONICA, Calif., Oct. 3, 2011 /PRNewswire-USNewswire/ -- Low- income motorists with good driving records will be able to purchase California's innovative Low-Cost Auto Insurance Program online with the enactment of AB 1024 (Hueso), which was signed by Governor Jerry Brown this weekend. Under the new law, California's Department of Insurance will work with the California Automobile Assigned Risk Plan (CAARP), which runs the Low-Cost program, to develop rules for selling the special low-limits auto insurance policy through the website www.MyLowCostAuto.com as well as other approved sites managed by certified insurance agents.
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An insurance plan created and imposed by state statute under which persons who normally would be denied insurance coverage as bad...
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Notice is hereby given to employers providing workers' compensation insurance under the Workers' Compensation Act and to the public that National Council on Compensation Insurance, Inc. ("Applicant"), on behalf of its member insurers, has applied to the State Corporation Commission ("Commission") for approval of certain changes applicable to voluntary market advisory loss costs and assigned risk rates and rating values for new and renewal workers' compensation insurance policies becoming effective on and after April 1, 2011.
Applicant proposes advisory loss costs that Applicant's members may use along with their own expenses and profit and contingency factors in establishing the members' rates for policies written in the voluntary market. The proposed advisory loss costs would produce a...
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Business Editors
MINNEAPOLIS--(BUSINESS WIRE)--March 12, 2004
RTW, Inc. (Nasdaq:RTWI), a leading provider of products and services to cost-effecti...
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Notice is hereby given to employers providing workers' compensation insurance under the Workers' Compensation Act and to the public that National Council on Compensation Insurance, Inc. ("Applicant"), on behalf of its member insurers, has applied to the State Corporation Commission ("Commission") for approval of certain changes applicable to voluntary market advisory loss costs and assigned risk rates and rating values for new and renewal workers' compensation insurance policies becoming effective on and after April 1, 2011.
Applicant proposes advisory loss costs that Applicant's members may use along with their own expenses and profit and contingency factors in establishing the members' rates for policies written in the voluntary market. The proposed advisory loss costs would produce a...
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The proposed changes would shift Massachusetts from its current flexible formula to an "assigned risk" plan, where so-called "high risk" drivers are assigned to insurance companies based on the companies' proportion of the auto insurance market.
The shift to an assigned risk plan I think is going to have a negative effect on low-income, minority and urban drivers," he told the Banner. "Under the current system, you may know a company doesn't pay claims or has better discounts. So you get to choose. But under an assigned-risk plan, high risk drivers don't choose.
"The governor has said that no one should be compromised in terms of their rates based on where they live if we change the formula," said Christopher Geotcheus, spokesman for the Division of Insurance. "So subsidies for territ...
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..., and Disclosures Mandated by the Terrorism Risk Insurance Act of 2002. AGENCY: Department of the T... Through a Joint Underwriting or Risk Sharing Plan, Would Policies Written Under Such Plans Be Under ...compensation. Alabama............. Assigned Risk Plan ......... ......... NCCI. Alaska...........
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Before SNEED, BEEZER and TROTT, Circuit Judges.
MEMORANDUM**
American Casualty Company and fiv...
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To address Massachusetts' current auto insurance system, a bill supported by Gov Mitt Romney would, among other things, affirm the state insurance commissioner's ability to move to an assigned-risk plan, doing away with the current system run by the Commonwealth Automobile Reinsurers.