The American Insurance Association (AIA) expressed its approval of Virginia’s recent adoption of legislative language ensuring the inclusion of consumers in electronic commerce legislation. Virginia’s version of the Uniform Electronic Transaction Act (UETA) was the subject of a Jan. 27 …
According to findings in a new study conducted by the Insurance Research Council (IRC), there was a significant decrease in the frequency of auto accidents from 1980 to 1998. However, during the same time period, bodily injury claims stemming from …
When Texas Insurance Commissioner Jose Montemayor first read of the plight a group of Elgin landowners had stumbled into, he immediately compared it to a tornado “coming out of nowhere” and devastating the lives of those in its path. “I …
Non-profit nursing homes and assisted living facilities in Texas will soon be admitted into the state’s Medical Liability Insurance Underwriting Association for the first time since 1982, with for-profit facilities possibly following suit. The decision was rendered Feb. 1 by …
Punxsutawney, Pa. – Punxsutawney Phil, the part-time weatherman and full-time groundhog, saw his shadow this morning signaling six more weeks of winter. Happy Groundhog Day from Insurance Journal
InsurQuote Systems Inc., a provider of integrated insurance rating solutions, and Esurance Inc., a national provider of personal insurance online, announced plans for InsurQuote to supply its NetSync technology services to Esurance. Under this agreement, InsurQuote will include Esurance’s rating …
Personal auto insurance will not improve in profitability overall in 2000, according to a poll by the Insurance Information Institute (I.I.I.). The poll was conducted at I.I.I.’s fourth annual p/c Insurance Industry Joint Industry Forum. Eighty-seven percent of respondents said …
Insurance Commissioner Jose Montemayor issued interim guidelines on January 18 that address licensing of financial institutions as insurance agents. The guidelines pave the way for implementation of the Gramm-Leach-Bliley Bill, which allows banks, savings associations and other financial entities to …
InsWeb, an Internet-based seller of insurance, announced that 21st Century Insurance Company is now offering products through InsWeb’s site. The Woodland Hills, Calif.-based insurance company expects to initially provide policies through InsWeb in California and soon in the other western …
Both Royal Bank of Scotland, backed by insurer CGU, and Bank of Scotland, backed by Prudential, made last minute increases in their offers for British bank NatWest. The new offers featured increased cash payments to shareholders, and value NatWest at …
