Violent crime increased 1.3 percent in 2006 when compared with data from 2005. However, property crime decreased 2.9 percent for the same time period, according to the FBI. Violent crime was up, except in the Northeast. Motor vehicle thefts went …
A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from an array of perils, according to research by the National Association of Insurance Commissioners, which recently hosted its summer conference in San Francisco. Yet, typical …
Springdale, Ark.-based Tyson Fresh Meats Inc. (www.tyson.com) on June 8 recalled more than 40,000 pounds of ground beef shipped to Wal-Mart stores in 12 states after samples tested at a Sherman, Texas, plant showed signs of E. coli contamination. No …
RIMS issues new policy statement denouncing such incentive pay for all agents and brokers, whether Wall Street or Main Street The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent …
California’s State Compensation Insurance Fund suffered setbacks recently over unethical practices in its group programs, and an order by California Insurance Commissioner Steve Poizner forced the organization to address structural and operational changes. Yet newly appointed SCIF Interim President Lawrence …
Florida and Louisiana are hurricane-prone states with similar property insurance problems, but their governors are taking wildly different approaches to fixing the insurance headaches. Florida Gov. Charlie Crist, a Republican, has led that state’s push to increase government regulation of …
Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast, reports the private insurance industry’s Insurance Information Institute …
Violent crime increased 1.3 percent in 2006 when compared with data from 2005. However, property crime decreased 2.9 percent for the same time period, according to the Federal Bureau of Investigation. The FBI collected the national preliminary data from 11,723 …
Many people along the Atlantic and Gulf Coasts still lack a hurricane survival plan and don’t feel vulnerable to storms, despite Katrina’s dramatic damage and pleas from emergency officials for residents to prepare before the season starts, according to a …
The Supreme Court has sided with two insurance companies in a case involving alleged violations of the Fair Credit Reporting Act. The law requires insurance companies and other businesses to notify customers who are charged more because of their credit …
