The Standard, a weekly insurance magazine for New England, reported that Rev. Jesse L. Jackson told p/c insurance officials in late Jan. that U.S. insurers can find profitable new business and investment opportunities in the vast, untapped markets of the …
According to Michael C. Dubin, a consulting actuary for Milliman & Robertson, insurance organizations can increase their profits by putting sport utility vehicles (SUVs) in their own rating classification for liability rates. Dubin cited the Highway Loss Data Institute’s discovery …
The National Association of Insurance Commissioners (NAIC) is seeking public comment on how state insurance departments should implement consumer privacy provisions of the Gramm-Leach-Bliley Act. NAIC president George Nichols III and Kathleen Sebelius of Kansas said the Gramm-Leach-Blilely Act reaffirms …
Markel Corporation announced record earnings from core operations for the year ended December 31, 1999, while net income decreased to $7.20 per diluted share from $10.17 per diluted share in 1998. The decrease in 1999 net income was primarily the …
Humana Inc. will sell its workers’ compensation services unit, Humana Workers’ Compensation Services through a management buyout. Terms of the transaction were not disclosed. The unit will be renamed at the close of the transaction, and will be headquartered in …
SAN MARCOS, Texas, Feb. 3- A Hays County Grand Jury has found reason to continue a criminal investigation of Endangerment to a Child charges involving Farmers Insurance Company, as reported today by PR Newswire. After a four-month investigation, prompted by …
Reuters is reporting United Parcel Service Inc. (UPS) is facing a new class-action lawsuit claiming that the package delivery group overcharges its customers for insurance on shipments, court documents showed on Thursday. The latest suit, filed in U.S. District Court …
The average size of a shareholder directors & officers (D&O) liability claim award rose to $8.67 million, the highest ever, but overall pricing still declined for D&O liability insurance for the fourth consecutive year, according to the 1999 D&O Liability …
The Alliance of American Insurers and the National Association of Independent Insurers agreed during the week of Jan. 10 to discontinue negotiations to merge the two organizations. The organizations issued a joint-statement that said while the discussion were in good …
A regulation proposed by Massachusetts insurers would allow customers to buy an endorsement that guarantees the use of original equipment manufacturer parts in insured repairs to their vehicles. A hearing on the proposal will be held at 10 a.m. EST …
