Legislation that would reform how insurance rates are regulated in Louisiana cleared a major hurdle this week, passing the full House in a 97-3 vote. According to the National Association of Independent Insurers, Senate Bill 721 now has passed both …
According to the Independent Insurance Agents of Texas, the June 1 passage of the state’s insurance reform bill is a victory for consumers, insurance companies and independent agents. Gov. Rick Perry, who declared the insurance issue an emergency at the …
Private passenger auto insurance premiums should be determined competitively and the Massachusetts Division of Insurance should move toward that goal carefully, but expeditiously, wrote the National Association of Mutual Insurance Companies (NAMIC) and several other insurance trade associations in a …
Florida-based Brown & Brown Inc. announced it has acquired commercial property and casualty insurance agency Bartos-Hunsicker Inc., of Bethlehem, Pa., in a transaction effective June 1, 2003. Bartos-Hunsicker has annualized revenues of approximately $800,000, and serves businesses and homeowners throughout …
The American Insurance Association issued a bulletin noting that the New Hampshire legislature has passed an insurance regulatory modernization bill (HB 684) that “will provide benefits to consumers and insurers alike.” It now goes to Republican Governor Craig Benson, who …
The Alliance of American Insurers issued a bulletin praising the action of the Massachusetts Senate in eliminating a proposal to increase state revenues through what the Alliance termed “an onerous surcharge on homeowners and commercial liability insurance premiums” as part …
New York Department of Insurance Superintendent Gregory V. Serio announced that the state’s “Holocaust survivors will benefit from an initial payment of $1.1 million being allocated to four social service agencies that provide assistance to elderly, needy Jewish victims of …
ING, the Dutch financial services and insurance group, announced that it has concluded an agreement with the New York Road Runners for the first-ever title sponsorship of the New York City Marathon. The city’s world famous race, held each fall, …
Germany’s Ergo Group, the primary insurance division of Munich Re, followed its parent in announcing a first quarter net loss of 231 million euros ($271 million), compared to a profit of 106 million euros ($124.5 million) for the same period …
A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A+’ (Superior) for the core operating subsidiaries of Bermuda-based XL Capital Ltd., and the existing debt ratings on “a+” senior debt, “a” subordinated debt and “a-” preferred …
