New Jersey agents no longer want to be required by state law to provide quotes from all of their auto insurance companies to all auto insurance applicants. The Professional Insurance Agents of New Jersey Inc. and the Independent Insurance Agents …
The California Earthquake Authority (CEA) announced successful placement and approval of its reinsurance program for 2008 and submission of an application for a 3.5 percent base program rate increase. At its June Governing Board meeting, the CEA, unanimously approved reinsurance …
The Nevada Division of Insurance has launched a campaign to address fraudulent annuities insurance programs. According to the Division, there has been a recent increase in fraudulent annuity investment claims in Nevada and nationwide. To help educate consumers, its advertising …
The bill would establish national standards for how states regulate the surplus lines market and reinsurance. HR 1065 creates: a uniform system of premium tax allocation and remittance for surplus lines premium taxes; uniform national standards for surplus lines insurer …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a …
A motorist accused of “huffing” stimulants from an aerosol can before getting into a deadly wreck cannot be charged with driving while intoxicated, New York’s highest court ruled recently. The Legislature never included inhalants with alcohol and certain other drugs …
A bill limiting Pennsylvania farmers’ liability for hunting accidents on their properties has flown through the House and Senate and been sent to Gov. Edward Rendell for signing. The measure was backed by Pennsylvania Farm Bureau, which sought to strengthen …
Regulators in New York approved a 14 percent increase in medical malpractice insurance rates and Gov. Eliot Spitzer formed a task force to find ways to rein in the high cost of the coverage. The state insurance department said the …
The California Supreme Court has rejected an appeal of an injured electrician, affirming a lower court’s ruling that an employer is not responsible for permanent disability it did not cause. Larry Gossett vs. WCAB and Morrow-Meadows Corp., questioned whether an …
More than 20,300 communities have flood maps as a basis for flood insurance rates, insurance purchase requirements and local floodplain management programs. An estimated 9,000 square miles of the nation’s most flood-prone lands are protected from future development because they …
