Based upon information compiled from MarketScout’s national distribution system to more than 50,000 retail insurance agents, February renewals generated a composite renewal rate “as expiring.” According to Richard Kerr, CEO of MarketScout (www.marketscout.com), “This is the first time in over …
National Association of Mutual Insurance Companies (NAMIC) testimony convinced state insurance legislators to object to the application of Sarbanes-Oxley to mutual insurers and to not adopt a loss history database model law. State Affairs Director Neil Alldredge raised NAMIC’s objections …
Seattle-based Physicians Insurance A Mutual Company, an insurer that provides coverage to physicians and other health care providers, acknowledged the regulatory actions taken by Washington’s Office of the Insurance Commissioner and expressed its commitment to improving its compliance with Washington …
The ACE Group of Companies announced Tuesday that California Superior Court Judge James Warren has entered judgment in favor of several ACE companies in a lawsuit brought against Insurance Company of North America (INA), INA Financial Corporation, ACE Property and …
The California Workers’ Compensation Institute has issued a new report that looks at utilization review and the use of medical treatment guidelines in California workers’ compensation and compares the low back treatment guidelines of the American College of Occupational and …
Maryland Insurance Commissioner Alfred W. Redmer, Jr. today welcomed to Maryland Western General Insurance Company, a California-domiciled, property and casualty insurer, to the state. Western General will market automobile policies primarily to customers who are uninsured or who are having …
Two new regulations tightening up on uninsured motorists driving in Georgia go into effect April 1 for drivers with a second or subsequent suspension during any five-year period: The Department of Motor Vehicle Safety will suspend the vehicle registration for …
In survey results released this week, corporate America ranked Florida as having the 42nd worst legal environment in the country. The survey, conducted annually by the U.S. Chamber of Commerce, underscores the urgent need for the Florida Legislature to pass …
By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5% fell short of the S&P 500 Index’s 10.9% return. In his annual letter to …
A veteran of telemarketing in insurance has launched a new lead generation company, Appointment Accelerator. Jim Lowitz founded the Reisterstown, Maryland-based firm because he thinks the current tele-prospecting system is broken. To fix it, he has started a firm that …
