The Florida Legislature has just passed legislation reenacting the PIP/no-fault law with no significant changes, except for a new 2009 “sunset” date that the insurance industry worries could lead to major changes in a future session. But the measure faces …
The insurance crisis is not a Florida problem, it is a national problem that demands national solutions, Tom Gallagher, Florida CFO, said after applauding the Florida Legislature for calling on Congress to create a national catastrophe insurance plan. The call …
As the Louisiana Legislature considers a wide array of legislative proposals, many of which would be detrimental for consumers, the Property Casualty Insurers Association of America said it is telling lawmakers that the best way to respond to last year’s …
The business-backed Coalition to Insure Against Terrorism (CIAT) says it welcomes the recent request by the President’s Working Group on Financial Markets (PWG) for public comments on a long-term terrorism insurance solution but hopes that the analysis of the issue …
In preparation for the 2006 Atlantic Storm Season, New Orleans, La., Mayor C. Ray Nagin’s Office of Emergency Preparedness has developed a strategic plan for the management and evacuation of the city’s citizens, the mayor’s office announced. The plan includes …
James River Group, Inc. in Chapel Hill, N.C., announced financial results for the quarter ended March 31, including net income of $6.8 million compared to $4.6 million for the first quarter of 2005; an overall combined ratio of 85.8%; and …
With hurricane season looming just one month away, the Florida House has passed a bill aimed at making sure that if Florida has another bad run of storms there will be insurance companies there to cover people’s homes. The broad …
The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and fraud-fighting efforts are some of …
Hurricanes Katrina and Rita destroyed 113 petroleum production platforms in the Gulf of Mexico, a federal agency overseeing offshore drilling said. The storms also damaged 457 pipelines connecting production facilities in the Gulf and bringing oil and natural gas to …
With the impact of a record-breaking 2005 Atlantic hurricane season still etched on the coastline from Texas to Florida, and recovery on the minds of its residents, forecasters from the NOAA National Hurricane Center will join the aircrew from the …
