Baffled by the product, overwhelmed by policy verbiage, and totally put off by the adversarial nature of the whole business, consumers nationwide express having serious trust issues with the insurance industry. In “Which profession/Who do you trust?” polls (e.g., Reader’s …
INDIANA Commissioner Withdraws Controversial ‘Sole-Use’ Bulletin Indiana Insurance Commissioner Jim Atterholt has withdrawn a bulletin that interpreted the “sole-use” provision of the state’s credit-based insurance scoring law to prohibit insurers from taking adverse actions on credit unless another factor had …
Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope which creates the need to re-examine this reinsurance product, but more importantly determine its role in the future. Just exactly what is finite risk reinsurance? …
As someone who makes his living by representing people who sue each other, it may sound odd for me to say, but it’s true-a lawsuit is not the answer to every dispute. A case in point is a typical dispute …
Few professionals understand more than insurance agents how unprepared Americans can be for life’s dangers. A new survey confirms agents’ fears about their own customers. It shows ours to be a nation of citizens who while worried about illness, accidents, …
The workers’ compensation system must prepare for a big boom in older workers, a population that is less likely than younger workers to return to work after an injury. Workers over the age of 55 are 12 to 35 percent …
OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, has named Kevin Rehnberg as senior vice president reporting to Chief Executive Officer John Cavoores. Rehnberg will help support OneBeacon’s specialized, segmented commercial business. Rehnberg, a 19-year industry …
Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance regulation the expensive and burdensome provisions on financial disclosure found in …
More than 140 claimants are suing federal flood insurance officials and the program’s insurance industry partners claiming they conspired to low-ball their claims payments after their properties were hit by Tropical Storm Isabel two years ago. Homeland Security Undersecretary Michael …
MASSACHUSETTS CAR NAMES COMMERCIAL CARRIERS: Commonwealth Auto Reinsurers has advanced its new commercial auto limited servicing carrier program by selecting the six carriers that will service this residual market business beginning next January. The six carriers are St. Paul Travelers, …
