The Washington State Supreme Court’s unanimous decision affirming a lower court’s ruling that said insurers need not include all possible reasons for denying a claim when determining if they have a duty to defend a policyholder is a victory for …
Assembly Bill 481, scheduled to be heard before the Senate Insurance Committee on June 28, would require the Commissioner to include a restitution to policyholders in every settlement with the Department where the Commissioner has determined that the insurer failed …
The Governing Board of the California Earthquake Authority gave its approval to a $300,000 research project aimed at providing new guidelines for the earthquake insurance claim process, as well as improving repairs to damaged homes. While close to 98 percent …
Veteran bank market specialist CBSI has teamed with Response Insurance to jointly market auto insurance through consumer banking institutions. CBSI, located in Harrison, NY, will promote Response’s auto insurance offer, which says that it can provide rates 10 percent to …
A study by the Federal Emergency Management Agency shows that 25 percent of the buildings within 500 feet of the country’s coastlines will be threatened by erosion in the next 60 years. The study, released Tuesday, concluded that nearly 87,000 …
Esurance Inc., an Internet-exclusive provider of personal insurance, is expanding its auto insurance coverage area to five states with the addition of Colorado, Oregon, Minnesota, Virginia and Washington. Esurance now offers personal auto coverage in 21 states, which represents nearly …
Results of a survey of statutory underwriting results, conducted by the Reinsurance Association of America (RAA) show a group of 32 property/casualty reinsurers wrote $5.9 billion of premiums during the first quarter of 2000. The reinsurers’ combined ratio was 112.4, …
Illinois Gov. George Ryan has signed a tax measure designed to repeal the sunset on last year’s insurance tax changes. The legislation will allow foreign insurer income taxes to be the lesser of the Illinois rate or the state of …
Swiss Re has issued a new Sigma study which examines the expansion of the international insurance community into the “emerging markets” of Latin America, Eastern Europe and Asia. Published as “Emerging markets:the insurance industry in the face of globalisation,” it …
Standard & Poor’s recently made announcements affirming the credit ratings of the French and U.K. insurers as follows: AXA – The report on France’s AXA Group affirmed its extremely strong financial position – Double A for both counterparty credit and …
