April 17, 2006
Fire protection and medical help remains free, but the Hartford, Conn. Fire Department is set to begin charging insurers for other emergency services. The department will begin billing insurers for certain situations such as getting people out of crushed vehicles …
April 17, 2006
The Commissioners are now fully prepared to go before their various legislative committees with recommendations for a system of insurance law which shall be the same in all States — not reciprocal, but identical; not retaliatory, but uniform. This statement …
April 17, 2006
Everyone pays their part: individuals, government, health care providers and employers,” proclaims the document outlining the latest plan to expand health insurance to all citizens in Massachusetts. The Commonwealth is sailing into uncharted waters by becoming the first state to …
April 17, 2006
Northeast states fared fairly well in the latest U.S. Chamber of Commerce ranking of states’ civil justice systems, with several in the top 10 favorites. The survey ranks states from best to worst on legal fairness based on a survey …
April 17, 2006
Given the pace of today’s technological developments, it is often difficult for agency principals to know where to get the most bang for their buck. As most agency principals know, it is important to take a strategic approach when it …
April 17, 2006
The federal versus state insurance regulation debate just beginning to heat up in Washington is part of a larger debate that has been taking place across the country. “Federal preemption of state authority is a growing concern,” said Georgia Senator …
April 17, 2006
Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to justify insurance premium increases. RMS declined to address …
April 17, 2006
Lexington Insurance Group, the largest U.S.-based surplus insurance company, said it is assuming this year will look more like 2004 than 2005 as it goes about deciding where and what properties to write at what prices and terms. In 2004, …
April 17, 2006
Excess Auto LiabilityNuts & Bolts: Freberg Environmental, Inc. has announced an excess automobile liability program. The program is designed to provide excess limits over FEI’s hazardous material and hazardous waste trucking program with Arch Insurance Group. The Arch program provides …
April 17, 2006
Insurance agents have succeeded in removing from the New York State budget a provision to substantially boost fines against insurance professionals. The proposal would have increased fines from $1,000 for the first violation and $2,500 for each subsequent violation to …