A House committee looking into defense contractors has alleged that the Department of Defense (DoD) has been lax in its management such that insurance companies providing workers’ compensation for civilian employees in Iraq and Afghanistan may have collected $585 million …
A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund – a nonprofit state agency which is New York’s largest workers’ compensation insurer – to put it on a level …
Standard & Poor’s Ratings Services has published a report – “Subprime Asset Losses And Related Capital Market Disruption Still Have Little Effect On European Insurance Industry” – which says “it expects U.S. subprime asset mark-to-market losses and the broader disruption …
New carriers in the Massachusetts auto insurance market will be exempt from high risk assignments for their first two years under an amended rule approved by Massachusetts Insurance Commissioner Nonnie Burnes. The original rule had permitted a delay period of …
Rumors that California is considering selling the State Compensation Insurance Fund to help close the state budget gap are true, but government officials said the idea has amounted to no more than discussion at this point. Gov. Arnold Schwarzenegger’s Administration …
Independent agents in Massachusetts have charged that Progressive Insurance, which began selling auto insurance online in the state May 1, is skirting state regulations and misleading consumers with its Web site quoting program. The Massachusetts Association of Insurance Agents (MAIA) …
A coalition of U.S. insurers is calling on lawmakers to close a tax loophole that helps foreign insurers, and although it has won the support of presidential hopeful Hillary Clinton, it faces a harder task convincing others. The coalition, led …
While many Florida lawmakers claim to be opposed to gambling, they don’t mind taking a chance on Mother Nature. They rolled the dice again on May 1, signing off on a new insurance bill that does little to alleviate Florida’s …
Existing carriers complain that plan to give 3-year high risk exemption to newcomers creates uneven playing field The Patrick administration is pushing a rule that exempts new auto insurers in Massachusetts from having to accept costly high risk drivers for …
The insurance industry is preparing to build a state-of-the-art applied research facility that will use science and technology to expand capabilities to create more durable homes and businesses and reduce the costs of natural disasters. The Institute for Business & …
