Democrats questioned claims by the auto insurance industry and Colorado state insurance commissioner that rates declined after the state switched from a no-fault system to a tort system, saying 48 of 200 companies have not reduced rates and some even …
As federal, state and local officials grapple with the financial and physical ruin wrought by Hurricane Katrina, momentum is building to make earthquake insurance offered by the semipublic California Earthquake Authority more affordable. Fewer than 15 percent of California homeowners …
NIP Specialty Brokerage, LLC, a wholesale brokerage specializing in construction, released an Insurance Advisory focusing on market impacts of Hurricane Katrina on the construction industry, with a focus on home building. The report, titled “In the aftermath of Hurricane Katrina: …
Employers will pay $33.4 million less in state worker compensation fees in Oregon next year, officials said Thursday. Employers also can expect average worker compensation insurance rates to remain at the same level in 2006, according to the Oregon Department …
The national board of the Independent Insurance Agents & Brokers of America (IIABA) has adopted a new policy on producer compensation disclosure by carriers. The policy seeks to avoid disparate and conflicting company requirements, and to encourage carriers to consult …
Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, has estimated that insured losses from Hurricane Rita are likely to range from $4 to $7 billion, based on current information on landfall location …
Connecticut Attorney General Richard Blumenthal has called on the Motor Vehicles Department to demand proof of insurance from all trucking companies in Connecticut. The request came after survivors of a fiery, 20-vehicle crash that killed four people in Avon on …
Families of the six who were killed and the more than 1,000 injured in the first World Trade Center bombing will see their lawsuits against the Port Authority of New York and New Jersey go to trial on Monday, Sept. …
The insurance carrier for the city of Erie, Pa. will pay $600,000 to the parents of a woman left brain damaged by a car crash involving a police officer whose driving earned him the nickname “NASCAR” among his peers. Alan …
The owners of a Rhode Island nightclub where a fire killed 100 people filed for bankruptcy last Friday, saying they faced a staggering amount of debt and could no longer pay off their creditors. Jeffrey and Michael Derderian, who owned …
