Solving Citizens Property Insurance Corp.’s problems, encouraging new insurers to enter the Florida market and lowering property insurance rates were debated by candidates for governor of Florida during a Jan. 20 forum for candidates held during the Florida Association of …
Some legislators and business owners are questioning leadership at the South Carolina Insurance Department, which has seen a staff shake-up and is preparing for the possibility of major changes in rates and the workers’ compensation system. Last February, Gov. Mark …
Florida is experiencing artificially suppressed markets and insurance rates, which is not a long-term solution for the insurance problems the state is encountering, according to Kevin McCarty, insurance commissioner. “Artificial suppression has adversely affected insurance consumers and policyholders in the …
The Florida Office of Insurance Regulation has issued a Consent Order requiring 10 AIG Companies to transmit financial data required by statute, to pay administrative fines and costs of more than half a million dollars and to fully comply with …
The goal of HB 982, approved Jan. 20 by the Mississippi House of Representatives is to make the basics of home insurance more understandable to homeowners and would require home buyers to refuse flood insurance in writing. A similar bill, …
Insurance Journal has launched IJ Broadcasting, an enhanced section on its Web site for multimedia content that will include video and audio interviews, current news and features, educational workshops and other industry-related information. IJ Broadcasting is also making online video …
Aon’s Political Risk Map shows an unsafe world U.S.-based companies with business interests abroad will not be trading in a safer world in 2006, according to Aon’s newly published global business risk analysis in its 2006 Political & Economic Risk …
XL, Rockhill and GMAC RE jockey for market share with established surplus lines writers Katrina-sized catastrophes put added pressure on admitted carriers, which increases the demand for greater capacity in excess and surplus lines. When the need is big enough …
Although Katrina is long gone, the clouds of misfortune she and her sisters generated will linger for decades. They radiate well beyond Louisiana, Florida, Texas, Mississippi, Alabama and other regions into the heart of the reinsurance industry, which has been …
When you encounter an account you can’t competitively place, instead of declining to quote or expending extensive time searching for a viable market, refer the prospect to a competing producer who can easily write it. Some days it seems that …
