Delaware Insurance Commissioner Matt Denn, in his fiscal year 2006 budget presentation to the Joint Finance Committee, outlined plans to reform his office structure in order to focus it on protecting the interests of Delaware insurance policyholders. Denn also retracted …
Officials with Citizens Property Insurance Corporation today announced that the state’s insurer of last resort has closed 90 percent of all insurance claims stemming from last year’s devastating storms. The announcement was made at a meeting of the Citizens Task …
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that an Ocean County man has pleaded guilty to charges of perjury and falsifying records as part of a phony “slip and fall” bodily injury lawsuit. According to McKoy and …
Chicago-based CNA Surety Corp. reported net income for the fourth quarter of 2004 of $12.2 million, or $0.28 per share, compared to net income of $10.6 million, or $0.25 per share, for the same period in 2003. The increase in …
The cost of auto insurance is expected to rise by just 1.5 percent in 2005, the smallest increase in five years, reports the Insurance Information Institute. The average cost for auto insurance nationwide for 2005 is estimated at $870–an increase …
U.S. property/casualty insurers paid a record $27.3 billion for insured property losses to homeowners and businesses from 22 catastrophic events last year—surpassing losses from 2001 that included the Sept. 11 attack—according to estimates by ISO’s Property Claim Services (PCS) unit. …
Markel Insurance Company announced a new program specifically designed to meet the unique insurance needs of B&Bs and country inns. This specialty lodging niche is reportedly experiencing heavy growth, with about 20,000 businesses currently in this market. Markel’s new program …
Without debate, the Arkansas Senate approved legislation Monday that would breathe new life into Arkansas’ Any Willing Provider law, adopted a decade ago to allow Arkansans covered by managed-care health insurance plans to see the doctor of their choice. Senators …
AIR Worldwide Corp. (AIR) announced its Mediterranean Region Earthquake Model is now available in its detailed risk modeling software system, CLASIC/2. The update enables European primary insurers, brokers, and reinsurers to more accurately estimate earthquake losses by incorporating risk specific …
Connecticut Governor M. Jodi Rell has revealed a variety of proposals contained in her budget that are designed to help keep medical malpractice insurance affordable and ensure that access to health care is not threatened. Rell’s proposal includes a prior …
