In early 2008, most drivers in Texas (read, “many of your insureds”) will come under the new Financial Responsibility Verification Program aimed at reducing the number of drivers without proper proof of financial responsibility. The exact date is yet to …
The Flood Insurance Subcommittee of the American Academy of Actuaries has reviewed the provisions currently in H.R. 3121 that affect the financial well being of the National Flood Insurance Program (NFIP). In particular, we have analyzed the sections of the …
The following is a letter sent by R.I. State Rep. Brian Patrick Kennedy, who is also vice president of the National Conference of Insurance Legislators, to Walter A. Bell, Alabama insurance commissioner and current president of the National Association of …
Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have claimed that the private insurance industry cannot pay for natural disaster losses without the support of a system of state and federal natural …
Two years have passed since America’s most shocking wake-up call regarding the devastation that follows the force and fury of Mother Nature. Since that time, a variety of legislative proposals have been offered at the state and national levels to …
The following is a letter sent by R.I. State Rep. Brian Patrick Kennedy, who is also vice president of the National Conference of Insurance Legislators, to Walter A. Bell, Alabama insurance commissioner and current president of the National Association of …
Reports show that the typical taxpaying American family paid more than $800 to cover costs associated with Hurricane Katrina. That is an enormous nationwide catastrophe tax. Two years have passed since America’s most shocking wake-up call regarding the devastation that …
Any study that implies consumers and taxpayers have thousands of years to realize savings is immediately suspect. Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have claimed that the private insurance industry …
Two years have passed since America’s most shocking wake-up call regarding the devastation that follows the force and fury of Mother Nature. Since that time, a variety of legislative proposals have been offered at the state and national levels to …
Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have claimed that the private insurance industry cannot pay for natural disaster losses without the support of a system of state and federal natural …
