WFMY-TV in Greensboro, N.C. reports on a common problem facing North Carolina consumers: the arrival of letters from one’s home or auto insurer requesting to raise rates above levels approved by by the state, with the implicit threat of dropped …
Draft versions of a forthcoming working group report from the United Nations Intergovernmental Panel on Climate Change — set to be formally released Sept. 27 — have already found their way into the hands of certain news media, and the …
Yesterday, Florida Chief Financial Officer Jeff Atwater penned a letter to Insurance Commissioner Kevin McCarty inquiring why property insurance rates continue to rise even as the cost of reinsurance falls. Atwater accurately refers to an average drop of about 15 …
Florida Gov. Rick Scott is taking a firm stance against proposals floated in Congress and by the White House that would raise catastrophe insurance rates by limiting the ability of foreign-based insurers and reinsurers to be able to deduct their …
In recent months, a group of lawmakers from the Gulf Coast — led by Sen. Mary Landrieu, D-La. — in concert with some of their colleagues from Sandy-hit New York and New Jersey have been doing their darnedest to scare …
One of the long-standing tensions in health care finance — whether you’re talking about health insurance or managed care, for-profit or non-profit, workers’ compensation, Medicare, Tricare, automobile medical payments, Medicaid, the Children’s Health Insurance Program, and dozens of state versions …
On Tuesday, the board of the Texas Windstorm Insurance Association agreed to explore additional funding options, after the Legislature was unable to pass any reforms during the recent regular session which ended in May. Various senators and representatives filed bills …
Florida’s state-run Citizens Property Insurance Corp. announced earlier this week that Chief Financial Officer Sharron Binnun has resigned to take a job in the private sector. Her departure from Citizens is unfortunate, but ultimately unsurprising (more on that later). During …
With Sen. Bill Nelson, D-Fla., expected any day now to reintroduce his proposal to have federal taxpayers backstop the risk of state catastrophe funds, it bears examining just who it is that would benefit from the cheaper property insurance rates …
Mary Williams Walsh of The New York Times‘ DealBook blog has an interesting post today on New York regulators’ expansive investigation of captive reinsurance transactions by life insurers, and the extent to which the practice is gaming state regulators’ vaunted …
