The National Association of Independent Insurers (NAII) has questioned the approach regulators are taking in formulating direction for the states on the use of insurance credit scoring. The Credit Scoring Working Group met recently during the National Association of Insurance …
While many experts have questioned the continued viability of small insurers, this group actually grew faster than the largest insurers and achieved better underwriting results during the period 1996-2000, according to a new study by Conning Research. Conning’s latest property/casualty …
Consolidated Edison Co. of New York and a group of its insurers sued the Port Authority of New York and New Jersey recently in search of more than $314.5 million for damages to a substation that was demolished in the …
California Insurance Commissioner candidates gathered in Santa Monica Sept. 17 for a very spirited debate with about a month and a half left in the race. The tone of conversation especially between the two frontrunners, John Garamendi and Gary Mendoza, …
The 2002 California legislative session came to an end recently, with a flurry of industry-related bills shuffling through the mix. Many new laws and measures were introduced this year by state lawmakers regarding workers’ compensation, construction defects, automobile insurance and …
We’re making changes here at the Insurance Journal. Changes that make our print magazines and Web site ever more useful and valuable to you. The traffic on our Web site, www.insurancejournal.com, continues to amaze me. For August, we recorded 15.9 …
California Governor Gray Davis (D) has signed two measures to improve how the California Department of Insurance regulates the solvency of workers’ compensation insurers, the American Insurance Association (AIA) said. One bill, AB 1985, authored by Tom Calderon (D), provides …
In a report issued Sept. 30, PricewaterhouseCoopers reports that business interruption (BI) losses associated with the Sept. 11, 2001, events have risen from 25 percent to 30 percent of total World Trade Center (WTC) loss estimates. BI coverage continues to …
The Occupational Safety and Health Administration (OSHA) and the National Association of Independent Insurers (NAII) announced they will jointly sponsor a program Oct. 10 in Allentown, Pa. to assist small business managers improve safe workplace conditions. The first in a …
New Jersey Insurance Commissioner Holly Bakke announced the launch of the “Last Chance” program as a way for uninsured motorists to obtain coverage without having to pay all of the surcharges usually levied for such policies. Under the program, uninsured …
