Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to risk modeling companies and economists who spoke at the recent National Catastrophe Insurance Summit. It’s just a matter of time, said the speakers, who forecast …
Insurance regulators from California, Florida, Illinois and New York, on the heels of the National Catastrophe Insurance Summit held in November, are peddling the framework for a national catastrophe insurance program that they say would protect U.S. taxpayers. Although the …
Drivers in most of the 13 states that comprise the Western region enjoy about average auto insurance premiums, according to the most recent study produced by the National Association of Insurance Commis-sioners (NAIC). In NAIC’s “State Average Expenditures and Premiums …
California Insurance Commis-sioner John Garamendi has announced that he will halt efforts to adopt new regulations imposing fiduciary duties and mandatory disclosure regulations on insurance agents and brokers. “We have been working with IBA West (Insurance Brokers and Agents of …
Those who produce great tastes from raw grapes pose unique challenges for producers Insuring wineries is a lucrative and growing business. All 50 states now produce wine and the business has a total economic impact of $33 billion, according to …
Is the image of the insurance industry forever tainted in the public’s eyes? Ipsos Public Affairs, a market research company, recently conducted an online survey of the public’s perception of the insurance industry in the wake of hurricane Katrina. While …
Concluding the two-day National Catastrophe Insurance Summit held in Burlingame, Calif., insurance commissioners from California, Florida, Illinois and New York on Wednesday agreed that they had a basic framework for a national catastrophe insurance program—but the details were not yet …
Insurance Commissioners from California, Florida, Illinois and New York began laying the groundwork Tuesday for what they hope will turn into a national catastrophe insurance program that would cover all Americans. Hosting a two-day summit in San Francisco, the commissioners …
In the aftermath of the Spitzer investigations, it’s understandable why the insurance industry might feel battered and bruised. Some state insurance departments are considering new disclosure regulations, and consumers have become more leery of insurance agents and brokers, thanks in …
An unprecedented number of California insurance industry professionals volunteered their time to charitable projects for the Insurance Industry Charitable Foundation’s recent 8th Annual Volunteer Week. The 2005 program, which was held October 15-22, included more than 2,600 volunteers who donated …
