Florida personal injury protection (PIP) claim costs (claimed economic losses and actual claim payments) increased at double-digit rates between 2002 and 2005, far outpacing the rate of inflation, according to a new Insurance Research Council study. The average total claimed …
Measures aimed at improving the property insurance market are expected to dominate the insurance agenda when the Florida Legislature convenes on March 7, according to the American Insurance Association. Legislators also will debate whether to allow next year’s statutory sunset …
Attorney General Mike Cox reported Friday that American International Group Inc. and its subsidiaries (“AIG”) have paid more than $5.2 million to the State of Michigan, representing the underpayment, with interest, of workers’ compensation premium taxes and related fees and …
Booker T. Washington Insurance Company voluntarily submitted to being placed into receivership late Wednesday in Jefferson County Circuit Court, according to Alabama Insurance Commissioner Walter A. Bell. “I am pleased with the leadership of Booker T. Washington Insurance Company for …
The statue of Tom Sawyer and Huckleberry Finn that overlooks the Hannibal, Missouri historic district will be off limits to tourists until the foundation that holds the statue is replaced. An engineering company and the insurance company that insures the …
A public hearing is now underway in Tallahassee with the Florida Office of Insurance Regulation discussing a Homesite Insurance Company of Florida request for a statewide average increase of 21.8 percent. The requested rates are not uniform and some areas …
North Dakota pharmacists say they have been forced to borrow money because insurers are slow to pay the bills under a new Medicare prescription drug program. Nearly one in five pharmacists was forced to borrow money and many others had …
GBS Benefits, a Utah employee benefits brokers and consultant, became part of the Leavitt Group effective Jan. 1. The Leavitt Group is the largest Utah-based insurance brokerage and the 20th largest insurance sales organization in the United States. GBS Benefits …
The National Association of Mutual Insurance Companies has announced it supports Floridians for Lower Insurance Costs and opposes the reinstatement of the state’s no-fault auto insurance law and will state its position to the Florida Legislature when it convenes March …
A.M. Best Co. announced that it has affirmed the financial strength rating of “A”- (Excellent) of Bermuda-based Exporters Insurance Company Ltd. (EIC) and its U.K. subsidiary Exporters Insurance Company (Europe) Ltd. Best changed the outlook on EIC from stable to …
