Texas Attorney General Greg Abbott reported that Texas and eight other states have reached a $171 million settlement with Zurich American Insurance Co. relating to bid-rigging and price-fixing in the commercial insurance market. The settlement means that policyholders in the …
In response to unmet capacity needs created by the devastating natural disasters of 2005, International Catastrophe Insurance Managers, LLC (ICAT), and National Fire and Marine Insurance Company (Berkshire Hathaway Group) have launched a new catastrophic coverage product for commercial special …
An earthen dam on Hawaii’s island of Kauai burst without warning Tuesday morning. One body was found and as many as seven people were reported missing as two houses were swept away and the island’s main coastal highway was washed …
Miscellaneous Medical Malpractice Nuts & Bolts: NAS Insurance Services’ miscellaneous medical malpractice insurance program has several new features including deductibles under $2,500. The coverage can now be underwritten with greater rate flexibility and is available combined with GL and professional …
Honolulu motorcycle riders are most likely to have their bikes stolen, although the city is the 53rd largest metropolitan area, according to a recent study by Progressive Group of Insurance Companies. A motorcyclist in Honolulu is four times more likely …
DENSO Corporation said it will establish a wholly owned captive insurance company — DENSO Reinsurance America Inc. — for its group companies in March. The initial capital investment for the company will be US$3 million, and the company will be …
The National Association of Mutual Insurance Companies (NAMIC) – which has more than 1,400 member companies that underwrite 43 percent ($196 billion) of the property/casualty insurance premium in the United States – has set its federal affairs agenda for 2006. …
The preservation of state regulation of insurance and a multi-pronged approach to disaster management was outlined by the National Conference of Insurance Legislators and approved as amended on Friday by the Property and Casualty Insurance Committee during the National Conference …
Non-franchised Auto DealersNuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …
New Markets Nuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …
