Whether it’s called custom, upscale, mansion or high-value, a dream home requires special handling from property insurers. High-value homes represent a growing segment of the more than 81 million single-family homes in the U.S. and Canada. These special homes are …
According to the U.S. Census Bureau there were more than five million firms employing fewer than 20 people in 2001, not counting the millions of people who are self employed. Another 600,000 firms employed between 20 and 499 people and …
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.
The Property Casualty Insurers Association of America reported that residual market plans for private passenger auto insurance continue to result in significant losses. The private passenger auto residual market increased from 1.5 percent of premiums nationwide in 2000 to 1.8 …
Medical malpractice insurer MIIX Group, which is in runoff status, has alerted the New Jersey Department of Banking and Insurance of the need to increase its loss and allocated loss adjustment expense reserves based on the progress of the annual …
The Pennsylvania Supreme Court’s chief justice wants local court officials across the state to report the number of medical malpractice claims filed in the past four years and monitor new cases as they come in. The request came in a …
New Jersey has become the fifth state to recognize same-sex partnerships. Under the new law, domestic partners will gain access to medical benefits, insurance and other legal rights. New Jersey also will recognize such partnerships granted in other states. The …
New York drivers hung up their cell phones for a while when the state banned them three years ago but are back to using hand-held models at nearly the same rate they were before the ban, a study shows. The …
The New York Senate says its municipal liability reform package (S. 2944, S.5395) would save local governments across New York State $1 billion dollars by limiting judicial awards which proponents claims have spiraled out of control in recent years. From …
The New Jersey Department of Banking and Insurance released its first Auto Company Performance Report. Banking and Insurance Commissioner Holly C. Bakke said the performance report is the first step in a program that will result in the Auto Insurance …
