The Houston area far exceeds the national average in the number of serious traffic collisions, contributing to skyrocketing medical costs and giving Harris County the most expensive auto insurance rates in Texas, according to the Associated Press. County officials said …
Attorney General Mike Beebe is asking Arkansans to think carefully before purchasing scooters, small all-terrain vehicles (ATVs) or small utility vehicles. Many of the purchasers of these scooters and small ATVs are parents who buy them for their children, some …
The Council of Insurance Agents & Brokers has issued a report indicating that the commercial property and casualty market “continued to ease across most lines during the first quarter of 2004, with the average premium increases for all sizes of …
Republican Senators, led by Utah’s Orrin Hatch, plan to introduce legislation today to establish a fund of up to $124 billion to compensate victims of asbestos related diseases. The measure has been in the works for months, and not everyone …
A study by Aon, released to coincide with the RIMS conference in San Diego, has determined that an average reduction of around 10 percent has occurred in U.S. Commercial property rates. Willis and the CIAB also issued reports on current …
Bermuda’s XL Capital Ltd. announced that it plans to enter the market for primary casualty risk management programs for major U.S. corporations. The company also announced the launch of an Excess Workers Compensation Division “to provide statutory catastrophic protection to …
Willis Group has also issued a report on market conditions in the industry (see related articles). The international broker said it had reached the following conclusions: — Competitive conditions return to certain segments of the marketplace. — Capacity has grown, …
In a joint letter to Michael G. Oxley, (R-Ohio), Chairman of the House Committee on Financial Services, and Richard C. Shelby (R-Ala.), Chairman of the Senate Banking Committee, six of the most prominent U.S. insurance associations urged that the Terrorism …
With a May 5 deadline approaching, Connecticut state lawmakers have yet to finish the major work of the session, such as prison reform, medical malpractice insurance changes, an ethics overhaul and revisions to the next fiscal year’s budget. As of …
The Toyota Camry and Honda Accord equipped with optional side airbags are the only inexpensive midsize cars to earn good ratings in side impact crash tests conducted by the Insurance Institute for Highway Safety. The Chevrolet Malibu with optional side …
