Lawyers and insurance companies battled Monday in the South Dakota Legislature, and the lawyers won. The tussle involved two bills designed to reduce damages in lawsuits filed to recover damages for injuries in traffic accidents. One bill, HB1134, would have …
Austin, Texas-based Central Texas Agency Alliance has purchased two additional exclusive Master Agency territories from the Strategic Independent Agents Alliance of Hampton, N.H. CTAA is a division of AIC- Sun Belt Group Inc. Bill Lunsford is the principal and Steve …
For U.S. property/casualty insurers, periodic glimpses of rising profitability have been overshadowed by relentless price-cutting, natural and man-made catastrophes, and claims inflation. Following an unprecedented surge in losses for terrorism, asbestos, and corporate liability, however, came new hope that firm …
A National Association of Insurance Commissioners panel this week will begin to discuss whether costly new audit measures based on the federal Sarbanes-Oxley (SOX) law should be imposed on non-public insurers despite objections from industry groups. The SOX content comes …
Insurers around the globe are making progress – quickly in some areas – with using an integrated risk and capital management approach to drive business decisions, according to the third biennial survey of risk and capital management practices among insurers …
New Hampshire drivers are benefiting from increased competition among auto insurers. Seven of the 11 auto insurance companies that have filed rate change requests with the state so far this year have asked for decreases, compared to five of 25 …
The fund that pays New York injured workers whose workers’ compensation carriers have gone belly up is itself nearly bankrupt, according to state officials. The New York Workers Compensation Security Fund has about $1 million left, with another $4.5 million …
Los Angeles, Calif.-based HCC Surety Group has promoted Frank Mester to vice president. Prior to this promotion, Mester served as manager of HCC Surety Group’s largest branch office located in Los Angeles. In his new role, Mester continues to serve …
What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers, the rooting out …
Southwestern Utah has not been declared a federal disaster area despite more than $150 million in damages caused by flooding in mid-January. St. George and the surrounding areas in Washington County were the hardest hit after the Santa Clara River …
