Colorado’s largest automobile insurance provider plans to cut rates an average of 7.5 percent this month, saying the state’s switch from a no-fault to a tort insurance system is reducing costs. The expected cut of $42.9 million in premiums will …
Pricing for D&O coverage is soft and could get softer, according to Lance Dalzell-Piper of Marsh FINPRO and David Bradford of Advisen Ltd., who spoke during the PLUS Symposium discussion of “D&O Litigation Trends and Predictions of Things to Come.” …
Oklahoma Insurance Com-missioner Kim Holland has started her own ad campaign to counter a series of negative TV ads from a Texas group called “Just the Facts America.” Meanwhile, The Oklahoman filed a lawsuit against the group claiming trademark and …
Why government should require insurance policies to declare what is NOT covered I have introduced legislation in the U.S. Senate to make future insurance policies easier for consumers to understand. The “Honesty is the Best Insurance Policy Act” calls for …
The number of open claims files being handled by the California Insurance Guaranty Association (CIGA) has dropped from a high of 85,000 to around 48,000, of which more than 40,000 are the result of workers’ compensation insolvencies, new CIGA Executive …
Massachusetts Insurance Commissioner Julianne Bowler has set Nov. 10 for a public hearing into her guidelines for moving the state’s auto insurance system for high risks from a reinsurance plan to an assigned risk plan. If her guidelines remain as …
A retired insurance industry executive turned turbo-charged motivational speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America Small Business CEO, meant his remark as …
Florida gubernatorial hopefuls Charlie Crist and Jim Davis agree that three challenges facing the state are skyrocketing homeowners insurance rates, rising property taxes and public schools that some rank among the nation’s worst. That’s where the similarities end. Each is …
Insurers will need to develop new evaluation techniques to assess risks, if the use of credit scoring in underwriting goes away, attendees at the CAS Seminar on Predictive Modeling were told during the session “What To Do When You Cannot …
Why government should require insurance policies to declare what is NOT covered I have introduced legislation in the U.S. Senate to make future insurance policies easier for consumers to understand. The “Honesty is the Best Insurance Policy Act” calls for …
