Traverse City, Mich.-based Hagerty introduced an electronic policy delivery (EPD) program that will provide immediate customer policy information to agents. The e-mail system will inform agents of the customer’s name and policy number, and outline the transaction type (e.g., new …
Virginia’s Bureau of Insurance is advising property owners in the state that several top writers of property insurance are imposing mandatory hurricane deductibles of five percent on new and renewal policies. Many of those same policies previously carried mandatory deductibles …
Insurance regulators from across the county voted to recommend major changes in the way reinsurers are regulated. The Financial Condition Committee of the National Association of Insurance Commissioners this week adopted a proposal from its Reinsurance Task Force, which recommends …
The apparent cause of a fatal explosion at an Upshur County coal mine in January has the industry grappling with a new problem: how to keep the nation’s underground mines safe from lightning-sparked explosions. While lightning has long been a …
Specialty insurance underwriter Darwin Professional Underwriters, Inc., is expanding its Tech//404 liability product for health care organizations in response to increasing exposure to network security and data privacy losses. According to Darwin, Tech//404 for health care organizations is the first …
The family of a New Hampshire man killed in a drunken driving crash two years ago is suing the state Liquor Commission and the woman who owns the home where his friends were drinking that night. Randy Holmes, 24, was …
Computer records containing personal information of about 130,000 members of Connecticut-based health insurer Aetna Inc. were stolen from the office of a vendor, the company said. A lockbox stolen during an Oct. 26 break-in at Concentra Preferred Systems contained computer …
A national auto safety watchdog group this week unveiled a new test to measure a vehicle’s resistance to roof crush in a rollover, saying it offers a superior method to a current government proposal. Public Citizen said the dynamic test, …
Philadelphia’s heavily traveled Roosevelt Boulevard, originally designed in 1902, is inherently dangerous and could be made safer only at huge cost, witnesses told City Council. Following four pedestrian deaths in just one month, the council this week began looking for …
Under pressure from state regulators, Allstate’s two Florida homeowners insurance companies are drastically shrinking the size of the rate increase they’re seeking. Allstate spokesman Ryan Priest said the companies amended filings with the state Office of Insurance Regulation late Monday …
