Hawaii’s Department of Commerce and Consumer Affairs Insurance Division is reminding that all reinsurance intermediaries get licensed, including nonresident reinsurance intermediary-brokers and nonresident intermediary-managers. According to Insurance Commissioner J.P. Schmidt, “It has come to our attention that some reinsurance intermediaries …
The Florida Office of Insurance Regulation rejected State Farm Florida’s petition for a formal hearing on after the state disapproved the company’s 47.1 percent proposed statewide average increase. Florida Insurance Commissioner Kevin McCarty said the OIR sent a letter to …
A Sedgwick County jury has awarded more than $4 million in damages to a Wichita man who became permanently disabled after doctors failed to diagnose Rocky Mountain spotted fever. Kyle Jim was 11 when he was taken to Via Christi …
Colorado hurricane researchers are forecasting five tropical storms in the Atlantic in September, including four hurricanes, two of them major. Former Colorado State University climatologist William Gray said that would be nearly twice as busy as an average September. Gray …
European reinsurers’ losses on investments due to the financial crisis may dampen their appetite for a reinsurance price war, but will not interrupt the trend toward a weakening market. As reinsurers descend on the Mediterranean resort of Monte Carlo this …
A man who set fires on the University of Northern Iowa (UNI) campus in 2005 causing millions of dollars in damage has been released from prison, surprising university officials who did not expect his 30-year sentence to be cut to …
The Republican National Committee pledged its support to improve federal natural disaster insurance as part of its platform. The GOP’s support of federal disaster insurance reform follows the Democratic National Committee’s platform call to develop a National Catastrophic Insurance Fund …
PIA Management Services Inc. has promoted Matthew F. Guilbault to director of government and industry affairs. He will have the primary responsibility for all government relations and insurance industry liaison programs for the four-state Professional Insurance Agents associations in Connecticut, …
Boston-based Plymouth Rock Assurance Corp. said it will reward its new and renewing auto insurance policyholders in Massachusetts with lower rates for “going green,” by driving less. Plymouth Rock will lower rates for customers who drive fewer miles than the …
The Minneapolis Golf Club says it has reached an $8 million settlement with the family of Abigail Taylor, the 6-year-old girl who was fatally wounded by a swimming pool drain. Taylor died of injuries she suffered last summer when she …
