The Michigan Supreme Court on Wednesday, April 23rd, struck down a legal precedent that generally gave motorists more time to sue their insurance company for unpaid claims under some circumstances. The 4-3 ruling follows similar insurance-related decisions by the court …
The Excess Line Association of New York has approved Ironshore Insurance Ltd. as an eligible excess and surplus lines insurer in the Empire State. Ironshore – a Hamilton, Bermuda-based specialty insurer with roughly $1 billion in capital – said it …
U.S. medical liability insurers anticipate their primary rate levels to decrease in 2008, compared with 2007, while the average frequency and severity of claims sustained by their firms will remain about the same as last year, according to a survey …
Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Centene Corp .to ‘BB-‘ from ‘BB’ and removed it from CreditWatch, where it was placed on March 19, 2008, with negative implications. The outlook is now stable. “We …
A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural disasters. The Institute for Business & Home Safety (IBHS), …
The New York Insurance Association is criticizing the state Legislature’s passage of the portion of the 2008 budget which hikes assessments on insurers by $40 million — a 20 percent increase over last year, the group said. The agency budgets …
The Hartford and XL Insurance pursue insurance industry’s love affair with sports-related, 360-degree marketing The University of Kansas men’s basketball team may have been the big winner in the recent NCAA championship — but when it comes to the NCAA’s …
The Hartford and XL Insurance pursue insurance industry’s love affair with sports-related, 360-degree marketing Quite a few insurers’ names have been bounced and bandied about like basketballs on TV lately, and it’s not by accident; it’s a high-profile benefit of …
The Colorado Legislature is considering a bill that the Property Casualty Insurers Association of America claims would add bureaucratic red tape and costs to the state’s automobile insurance system. House Bill 1389, the Fair Accountable Insurance Rates Act, would create …
Steep declines in underwriting profits hurt bottom lines for property casualty insurers, which saw their 2007 profits slip slightly from a year earlier, a new report from three industry groups says. The industry’s net income after taxes fell 5.8 percent …
