A recent proclamation by California Insurance Commissioner Steve Poizner is allowing out-of-state insurance adjusters to be dispatched to California’s agricultural community to assist in the state of emergency resulting from January’s five days of freezing temperatures. The Commissioner said he …
Florida’s mild climate and world-class beaches continue to draw Northern retirees seeking temporary refuge from harsh winter weather, but tourism experts say many of these snowbirds are shortening their stays. Rental rates have risen to keep up with spiraling property …
Connecticut Attorney General Richard Blumenthal has submitted draft legislation to the General Assembly that would prohibit insurers from requiring that consumers install hurricane shutters as a condition of insurance. The legislation would also require an insurer to notify existing policyholders …
Robert M. Hoye, formerly of Arrowhead General Insurance Agency, died peacefully of natural causes on Dec. 15. Hoye was born in Harvey, N.D. He served in World War II and was honorably discharged following his tour of duty. He received …
You’ve heard the phrase: “If I could predict the future, I would be wealthy.” If our industry truly could do that, underwriting, rating and pricing would become the easiest tasks on the planet. Short of predicting the future, however, underwriters …
Reinsurance rates for the property/casualty industry are falling or flat, except for insurers with major property wind exposure along the Gulf and East Coasts, where rates are still rising. That is one key finding from an annual international reinsurance review …
Most of the 28.5 million Americans who plan to host a party between Thanksgiving and the Super Bowl are underinsured, according to a new study by Trusted Choice. Of those 28.5 million party hosts, 21.3 million do not have a …
A federal judge agreed to transfer Mississippi Attorney General Jim Hood’s lawsuit against insurance companies over Hurricane Katrina damages from federal to state court. U.S. District Judge L.T. Senter Jr. ruled that Hood’s lawsuit belongs in state court because interpreting …
Insurance industry trade groups are asking the Indiana Supreme Court to review an appeals court decision that awarded damages for emotional distress to the family of an injured man, saying it could set a costly precedent. The groups are joining …
Part-time Florida residents and so-called “snowbirds” who insure their cars back home cannot make claims under Florida laws that may be more favorable to them than those in their own states, the state Supreme Court has ruled. The ruling applies …
