Legislation passed by the Florida Senate this week would reduce the amount of state-funded reinsurance that insurers can purchase under the temporary increase in coverage limit (TICL) program. The Senate bill would reduce the amount of optional TICL coverage offered …
Insurers say estimated damage in South Carolina from severe weather earlier this month has increased to $43 million. The South Carolina Insurance News Service said Monday that more than 11,000 insurance claims had been reported as a result of the …
Less than a week before historic auto insurance reform takes effect in Massachusetts, one of the insurers is urging Bay State auto insurance policyholders to use caution when using consumer web sites, saying many sites provide insufficient information to motorists …
Standard & Poor’s Ratings Services said that 2008 could see an overall improvement in insurance-industry enterprise risk management (ERM) scores. The firm says a 2006 review of the ERM practices of rated companies showed several dozen companies developing systems to …
BrickStreet Insurance’s profit from running West Virginia’s workers’ compensation program more than doubled in its second year of business, but those heady days could be ending. In July, the company will face competition from other insurers for the first time. …
Three insurance associations are urging Californians to contact their legislators to oppose a bill that they say would influence where consumers get their vehicles repaired following an accident. The bill, SB 1167 by Senator Patricia Wiggins, D-Santa Rosa, is scheduled …
The Association of British Insurers (ABI) has joined with the Confederation of British Industry (CBI), the UK’s leading employers’ organization, and Citizens Advice to call for the Government to introduce its proposals for reforming personal injury compensation without delay. While …
The subprime mortgage crisis is prompting some people to take another look at New Hampshire’s consumer protection law. Six years ago, the Legislature changed the law to exempt the banking, insurance, public utilities and securities industries from the law’s protection …
On the verge of an open competitive environment in West Virginia’s workers’ compensation insurance market, the state’s insurance commission scheduled a forum for insurers seeking information. Insurance Commissioner, Jane L. Kline, in conjunction with the National Council on Compensation Insurance …
Some call it ‘double taxation;’ others easy money Indiana recently became one of the first states in the country to pass legislation prohibiting the practice of municipalities charging fees for accident response runs, when Senate Enrolled Act 81 was sent …
