News Currents

News Currents

Mass. auto report offers map to move state to limited price competition Also, advises against assigned risk pool change at this time and against erasing subsidies or allowing credit scoring A special auto insurance study group appointed by Massachusetts Gov. …

News Currents

Insurers advise Congress private markets should handle most disasters But mega-cats need a public-private partnership, first responders and industry agree The best way for the federal government to help property owners recover from a natural disaster is to let private …

News Currents

Mass. auto report offers map to move state to limited price competition Also, advises against assigned risk pool change at this time and against erasing subsidies or allowing credit scoring A special auto insurance study group appointed by Massachusetts Gov. …

A.M. Best cites 15 P/C insurers as financially impaired in 2006

Seventeen U.S. insurance companies became financially impaired in 2006, despite a respite for property/casualty insurers from two consecutive turbulent hurricane seasons and more diversified asset portfolios among life/health insurers. That is according to two new A.M. Best Co. special reports, …

News Currents

Mass. extends deadline for residents to buy health coverage The board that oversees Massachusetts’ landmark health insurance law voted last month to delay key elements of the plan by a year and a half to give residents and businesses a …

News Currents

N.J. court: sexual assault preclusion not automatic A New Jersey appeals court recently ruled that while an insurer is freed from providing liability coverage when an insured commits sexual assault on a young child, the insurer could have an obligation …

News Currents

Sen. Lott wants ‘plain language’ requirement enforced by Feds U.S. Senator Trent Lott, R- Miss., wants to require insurers to disclose property insurance coverage and noncoverage in plain language on the front page of each homeowner’s policy and has introduced …

News Currents

Mo. Court dismisses homeowners’ lawsuits alleging discrimination Attorneys for a group of homeowners said they will continue the fight after a federal judge dismissed their lawsuits charging some of the nation’s largest insurers with discriminating against black neighborhoods. U.S District …

News Currents

Fla. lawmakers face future of no-fault law After her car accident, Sarah Capps suffered from a sore shoulder and back. What she thought were common pains turned out to be six herniated discs. Were it not for the protective medical …

News Currents

S.C. expands wind pool to more coastal towns A state-run insurance program has been expanded slightly to provide relief for some South Carolina coastal homeowners grappling with skyrocketing premiums, and Gov. Mark Sanford and other lawmakers promised a tax-incentive plan …

News Currents Archives by Month