At a bimonthly meeting with the governor and other state Cabinet members, Florida Chief Financial Officer Tom Gallagher announced that the Department of Financial Services’ Bureau of Unclaimed Property is holding more than $970 million in cash and property belonging …
As the insurance industry, the nursing home industry, trial lawyers, and more look to find common ground in the saga of Florida nursing homes, the thought that the situation will eventually find the right answers does appear on the horizon. …
Although many complex issues need to be resolved to solve Florida’s nursing home crisis, tighter litigation reforms are reportedly key to solving these problems, according to one insurance industry trade association. “The passage in 2001 of S.B. 1202 provided only …
As we age in life, thoughts oftentimes turn to just who will take care of us when that day comes when we can’t fend for ourselves. Even those in society with many relatives are not guaranteed that they one day …
In the last year, policymakers have crafted more measured responses to political concerns about insurers’ use of credit information. Such a balance is lacking in the Missouri proposal. Property/casualty insurers’ use of credit information in underwriting and pricing automobile and …
The U.S. Census Bureau’s 2000 census estimated the Michigan’s population at almost 10 million. About 83 percent of the adult residents had graduated from high school and about 22 percent had earned a bachelor’s degree or higher. The capital, Lansing, …
According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …
To say today’s human resource managers are getting the squeeze is the understatement of the year. They are forced to do more with less, yet at the same time they need to provide more options. In a recent study conducted …
Those who worry about outsiders taking over the insurance industry should be reassured when they witness not only Joseph Plumeri’s success but also his passion for the industry. Less than four years ago, Plumeri came to the industry from Citigroup …
An article in the Jan. 26 issue incorrectly said Property Casualty Insurers Association of America (PCI) carriers write $154 million in annual premium. PCI carriers write $154 billion in annual premium.
