A Florida insurance agency that stepped forward last November to offer a private market stand-alone flood coverage policy in Florida has started marketing the policy in six other states. The Gainesville, Fla.-based Flood Insurance Agency began offering the private policy …
To price insurance for the coming year, property/casualty actuaries need to know what trends are emerging right now. At a Casualty Actuarial Society Annual Meeting held in November, a session on “Emerging Homeowners and Personal Auto Exposures” examined trends in …
Despite urging by the state’s insurance commissioner that they withdraw their bid, North Carolina homeowners insurers are unlikely to withdraw their request for a 25.3 percent average rate hike. The data supports the requested increase, according to Ray Evans, general …
North Carolina Insurance Commissioner Wayne Goodwin said his agency has issued four captive insurance company licenses since the state’s Captive Insurance Act went into effect in late October 2013. The new North Carolina-domiciled captive insurance companies are: West & Joyce …
Florida Gov. Rick Scott and members of the Florida Cabinet approved Bruce Meeks to fill the newly created post of inspector general for Citizens Property Insurance Corp. Gov. Scott described the inspector general position as “a stewardship role” that is …
Florida is joining the ranks of 29 other states and allow drivers to show law enforcement officers their proof of automobile insurance through their cell phone and other electronic means. In December, Gov. Rick Scott and the Florida Cabinet signed …
U.S. Senator Robert Menendez (D-N.J.) on Jan. 2 joined residents and local officials in Brick, N.J., to call on Congress to pass the Homeowner’s Flood Insurance Affordability Act. The bipartisan, bicameral bill, originally introduced by Sen. Menendez on the anniversary …
New York Gov. Andrew Cuomo announced in December the state issued $370 million in bonds to assist businesses in failed group self-insured trusts fulfill their obligations to their injured workers. The bonding is made possible in Gov. Cuomo’s 2013 Business …
RIMS, the risk management society, reported that Carolyn M. Snow will be president for the 2014 term. Snow is the director of risk management for Humana Inc. She has been a member of RIMS for 14 years and has been …
Pennsylvania Gov. Tom Corbett in December signed into law Senate Bill 1040 that would allow state residents to show their proof of auto insurance electronically using mobile devices during a traffic stop. Under the new law, insurance companies can electronically …
