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 …
It’s like “Gone in 60 Seconds” with tractor trailers. Thieves steal billions of dollars of electronics, medicine, vehicles and other items from U.S. businesses each year by targeting trucks and other cargo shipments, and insurance and law enforcement leaders say …
The Minnesota Legislature approved this week a compromise bill giving consumers more clout in court when they disagree with their home and auto insurance companies. The legislation passed the Senate 47-15 and the House 93-39. It now goes to Gov. …
As insurers and other interested parties criticized a Florida property insurance bill that passed through the state Senate this week on a 32-7 vote, Florida’s insurance commissioner lauded the action. Sponsored by state Sen. Jeff Atwater, R-North Palm Beach, the …
Illinois doctors will get a refund collectively worth $11 million from the state’s largest medical malpractice insurer. The Illinois State Medical Insurance Exchange says claims are down. That means doctors will get credits when they renew their policies. Individual doctors …
Billionaire Warren Buffett’s new municipal bond insurance company Friday won the top “AAA” rating from Standard & Poor’s Ratings Services, which cited the venture’s nearly $1 billion surplus. Berkshire Hathaway Assurance Corp. has been granted licenses by 48 states and …
Georgia lawmakers couldn’t agree on cuts to property or incomes taxes this legislative session. But they did manage to usher through legislation to provide $146 million to insurance companies over five years. The insurance lobby pushed hard for the bill, …
California State Compensation Insurance Fund has been facing many changes recently, but it has no intent to be the dominant player in the state workers’ compensation insurance market, according to Janet Frank, SCIF’s CEO. Looking back at the Fund’s 94-year …
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 …
