Even after investment income is considered, underwriting private passenger automobile insurance in Delaware has been unprofitable for the past five years, according to a study done by the Property Casualty Insurers Association of America. The primary reason for these poor …
Insurance companies in Texas overcharged homeowners and drivers by $4 billion last year despite recent legislation designed to limit rising rates, according to a report released recently by two state consumer groups. The report by the Center for Economic Justice …
Having decided last year to end its support after four years and $30 million, The St. Paul Travelers Cos. has now agreed to funnel funds one last time into a Maryland insurer it helped start as a model to serve …
As planned, a group of Michigan property/casualty insurers has filed a lawsuit challenging the state’s new rule set banning their use of credit scores in auto and homeowners insurance and reducing base rates. According to Crain’s Detroit Business, the Insurance …
The American Insurance Association said on March 24 that it is strongly urging New Mexico Gov. Bill Richardson (D) to sign S.B. 560, the Personal Insurance Credit Information Act, which was passed by the legislature on March 19. “By signing …
Having decided last year to end its support after four years and $30 million, The St. Paul Travelers Cos. has now agreed to funnel funds one last time into a Maryland insurer it helped start as a model to serve …
Insurers who use credit scoring in underwriting and rate setting must take into consideration the recent security breach at ChoicePoint Inc., according to a bulletin issued by the Texas Department of Insurance. TDI’s Commissioner’s Bulletin directs the industry not to …
Delaware Insurance Commissioner Matt Denn urged the Senate Insurance and Elections Committee to pass Senate Bill 2, which would prohibit the use of credit scoring in auto and homeowners insurance policies in Delaware. Denn told the committee that credit scoring …
The vote by the Michigan Legislature’s Joint Committee on Administrative Rules to file a notice of objection to Democratic Gov. Jennifer Granholm’s rule banning the use of credit scores in underwriting was perhaps symbolic of where the Wolverine State’s insurance …
GRAND RAPIDS, Mich.—The vote by the Michigan Legislature’s Joint Committee on Administrative Rules to file a notice of objection to Democratic Gov. Jennifer Granholm’s rule banning the use of credit scores in underwriting was perhaps symbolic of where the Wolverine …
