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 …
The American Insurance Association (AIA) criticized the legislative actions of the Michigan House Democrats’ claiming the proposals do little to address the flaws in the state’s insurance market. “Once again the House Insurance Committee will likely pass legislation that does …
Workers’ compensation insurers in New York can cease making payments into the state’s security fund for that coverage, now that the fund has amassed at least $74 million in assets, the Insurance Department said. By statute, the department can suspend …
Colorado drivers would be nudged into buying medical coverage on their car insurance policies under a proposal backed by the state Senate on April 29. Under the bill, insurance companies would have to include $5,000 in medical coverage in policies …
Dozens of minor earthquakes shook Reno, Nevada, on April 27 as a sequence of temblors entered its third month and prompted some frazzled residents to leave their homes. Officials recorded more than 150 aftershocks on the western edge of the …
California has a $1.6 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the insurance industry, according to a new report by the Insurance Information Network of California. In 2004, …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the Property Claim Services (PCS) unit of Insurance Services Office include …
The 2008 Iowa legislative session ended with mixed results for the insurance industry, according to the American Insurance Association (AIA). “Iowa’s Legislature was highly active on insurance issues this year and in the end, all the activity yielded mixed results …
The Supreme Court struggled last week with how much weight to give an insurance company’s potential conflict of interest when it denies an employee’s health or disability benefits claim. The lawyer representing the Ohio woman who sued MetLife Inc. over …
