A South Florida family reportedly lost their homeowners insurance after their mortgage company failed to pay premiums from escrow. Another Floridian from Tampa was denied insurance coverage on a home he was purchasing because of a past claim for water …
Doctors believe that frivolous lawsuits are increasing the cost of healthcare and West Virginia patients are paying the price, according to a survey released (See National News) by the American Tort Reform Association (ATRA) and SickofLawsuits.org. The study, which polled …
Doctors believe that patients are paying the price for frivolous lawsuits that are driving up the cost of healthcare and negatively affecting the practice of medicine, according to a survey released today by the American Tort Reform Association (ATRA) and …
Governor James E. McGreevey has signed a bill (A2370 which permits New Jersey Transit Corporation to establish wholly-owned insurance subsidiary or “captive.” The captive must be domiciled in the U.S. in a state which is accredited by the National Association …
Insurance premiums would be raised for homeowners in flood-prone areas who refuse to relocate or floodproof their homes under legislation that advanced toward a Senate vote this week. The bill, which has cleared the Senate Banking Committee on a voice …
Moody’s Investors Service announced that is has lowered the debt ratings of Travelers Property Casualty Corp., and those of its subsidiary Travelers Insurance Group Holdings Inc., by one notch. Senior debt was lowered to “A3” from “A2” and junior subordinated …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Nationwide Mutual Insurance Co. (NMIC) and its affiliates (collectively referred to as Nationwide) to stable from negative. S&P also affirmed its ‘A+’ counterparty credit and financial strength …
Commercial and industrial property insurer FM Global has issued a bulletin noting that the company has jumped to No. 549 on FORTUNE magazine’s list of America’s 1,000 largest companies. The higher ranking moved FM Global up 148 spots (the eighth …
The CIAB’s call for adoption of insurance reforms at the federal level (see previous article) was also endorsed by the Property Casualty Insurers Association of America. Testifying before the Capital Markets Subcommittee of the House Financial Service Subcommittee, PCI Chairman …
Albert R. Counselman, a past chairman of the Council of Insurance Agents & Brokers, told a House subcommittee that Congress needs to take action to remove the burden of multiple state regulatory requirements on insurance brokers and carriers in the …
