Thomas E. Hays, chairman of the board for Pasadena, California-based United Agencies announced that effective immediately, Cornerstone Preferred Insurance Services has joined the United Agencies group and will be housed in new Pasadena offices. Jim Stone, president of Cornerstone Preferred …
CDS Business Mapping, LLC is now offering Hawaii tsunami reports on the RiskMeter Online (www.RiskMeter.com). By simply typing in an address, users will be alerted if the address falls into a high risk area, as well as receive a report …
The New York State Insurance Department has decided it will require insurers’ chief executive officers to verify that any finite reinsurance contracts their companies have are correctly reported. The CEOs will be required to sign off under oath that all …
Florida’s Auditor General has agreed to legislators’ demands that the state scrutinize the legitimacy of insurance and federal disaster aid payments in Miami-Dade County and possibly other parts of the state. The review, which is expected to be completed this …
Insurance industry representatives hope the announcement of the postponement until next week of an insurance bill now before the Senate Banking and Insurance Committee signals that a “more balanced” bill will be presented. The bill called for more choices for …
The first steps toward achieving asbestos litigation reform in Florida were taken Wednesday, according to the American Insurance Association (AIA). The Asbestos and Silica Compensation Fairness Act of 2005 (HB 1019) received its initial legislative hearing by the House of …
Florida’s Chief Financial Officer Tom Gallagher on Wednesday raised concerns with confusing policy language and recommended solutions for helping consumers navigate through their homeowners insurance policies and storm claims. Gallagher also said he is turning over consumer complaints he has …
Pennsylvania Insurance Commissioner Diane Koken on Wednesday announced that the Insurance Department has recently approved a 2.89 percent average rate reduction for workers’ compensation premiums, which will save employers an additional $32.5 million in workers’ compensation costs this year. “Pennsylvania …
The U.S. property and casualty industry posted stronger underwriting results and profitability in 2004 relative to 2003, despite sharp increases in catastrophe losses for many market participants related to the third-quarter hurricane events in Florida and in the southeastern U.S., …
Doctors and hospitals will have more protection from medical malpractice lawsuits beginning July 1 under four bills signed into law March 28 by Gov. Brian Schweitzer. The measures are among nine proposals before the 2005 Legislature intended to address the …
