Florida-based workers compensation insurer AmCOMP Inc. has asked for a hearing to dispute Florida officials’ claim that its profits have been excessive. According to AmCOMP’s request for the hearing, the Florida Office of Insurance Regulation is claiming that AmCOMP realized …
For insurance companies, today’s turbulent markets are presenting both tough investment choices and significant opportunities. That was the sense of a panel of investment officers at Standard & Poor’s Ratings Services’ Insurance 2008 “Operating Within A Global Economy” conference in …
An insurance company unreasonably failed to pay for wind and other damage from Hurricane Katrina and must pay more than $21 million to the owner of a New Orleans grocery chain, a federal jury has found. “It’s the biggest Katrina …
A federal appeals court agreed to hear a lawsuit that Louisiana’s former attorney general filed against some of the nation’s largest insurance companies after Hurricane Katrina. The 5th U.S. Circuit Court of Appeals in New Orleans will consider whether the …
In a joint announcement Spain’s largest insurer, MAPFRE S.A. and The Massachusetts-based Commerce Group, Inc. announced that MAPFRE has completed its acquisition of Commerce. The parties reached agreement on a deal last October (See IJ web site – https://www.insurancejournal.com/news/national/2007/10/30/84650.htm). Along …
U.S. insurers, in an industry awash in excess capital, face a stretch of turbulence that won’t soon abate, according to analysts at a Standard & Poor’s Ratings Services conference this week. “We’re sitting in an environment where we have way …
How do you rank your relationships with regional and national property/casualty insurers? How do their services compare? How would you rate underwriter knowledge, experience and stability for regional and national insurers? In this exclusive survey for independent insurance agents and …
Atlanta-based American Safety Insurance Services Inc. increased its environmental surety bond limits to $5 million single and $10 million aggregate with no collateral requirements. ASI’s environmental surety bond unit specializes in performance and payment contract bonds for small to medium …
The Property Casualty Insurers Association of America (PCI) has hired Marguerite Murer as senior vice president of public affairs. Murer has extensive public affairs experience in both the public and private sectors. She most recently served as The Allstate Corp.’s …
The National Association of Insurance Commissioners is losing trust because it at times operates behind closed doors and is not open to dialogue with the insurance industry. That was the criticism of NAIC, as voiced by representatives of the American …
