John Charman, chief executive of Bermuda-based Axis Capital says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns. “You could make the case that this is the perfect storm — where …
A report by an automobile insurer concludes that Oklahoma City drivers are less likely than Tulsa drivers to be involved in traffic collisions. “Its kind of weird,” Lt. Roger Bratcher of the Oklahoma City Police Department’s Traffic Fatality Unit said …
One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid costly litigation after disasters …
The Roman Catholic Diocese of Springfield, Massachusetts, has reached an $8.5 million settlement with insurance companies to pay claims filed by people who were sexually abused by priests. Mark Dupont, a spokesman for the diocese, said $3.5 million will be …
One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid costly litigation after disasters …
Georgia’s insurance commissioner has revoked the license of a life insurance company, banning it from selling policies in the state. It’s the first time John Oxendine has barred an insurer from the state since he took office in 1995. Trans …
Regional P/C Insurers Beat Out Nationals on Compensation, Claims; Nationals Outperform on Technology Regional carriers come out on top in agency compensation and claims services, while nationals outscore regionals on loss control and technology. That’s according to an Insurance Journal …
California State Compensation Insurance Fund announced that it will extend credit to policyholders who have suffered a financial loss or business disruption caused by the hundreds of wildfires burning throughout California. Most fires sparked by lightning, in one of the …
The property/casualty insurance industry is applauding a recent Rhode Island court ruling on lead paint for confirming that a state’s product liability, not public nuisance, law should govern in such cases. In its landmark ruling, the Rhode Island Supreme Court …
The sole provider of workers’ compensation insurance in West Virginia plans to make an early $60 million payment on a $200 million startup loan from the state. Greg Burton, BrickStreet Mutual Insurance Co.’s president and chief executive officer, says the …
