The American Insurance Association announced it is supporting a package of bills introduced by the Louisiana Property and Casualty Insurance Commission designed to improve safety on Louisiana road ways. The Louisiana Property and Casualty Commission was charged with finding ways …
Reno, Nev.-based Employers has appointed Morton Large vice president of underwriting operations for Strategic Markets. Through its subsidiaries, Employers provides workers’ compensation insurance to small businesses with low to medium risks. Through its Strategic Markets unit, the company partners with …
The convening of the Florida Legislature this week will present an opportunity for legislators to reconsider some of the problematic measures passed in 2007, according to the American Insurance Association. “From a public policy standpoint, there was very little good …
The Louisiana Department of Insurance announced that the deadline for applications to the Insure Louisiana Incentive Program is March 4, 2008. The program offers property insurers up to $10 million in matching grant money. The application, public invitation notice and …
Licensed Alabama property and casualty insurers that non-renewed policies on the condition of having other policies with the company must re-offer coverage to the consumers affected, according to a bulletin issued by the Alabama Insurance Commissioner Walter A. Bell. Also, …
Calif.-based property and casualty insurer Pacific Specialty Insurance Co. announced a new suite of preferred-tier residential property products in Georgia and Nevada. Effective March 3, PSIC will offer new discounts and more options to help producers attract and retain more …
Standard & Poor’s Ratings Services announced several rating actions on a number of monoline bond insurers “following additional stress tests with respect to their domestic nonprime mortgage exposure.” S&P listed its actiuons as follows: — The financial strength ratings on …
A woman who had her medical insurance coverage canceled as she was undergoing treatment for breast cancer has been awarded more than $9 million (euro6.06 million) in a case against one of California’s largest health insurers. Patsy Bates, 52, a …
MBIA Inc., the world’s largest bond insurer, held onto its top credit ratings from Standard & Poor’s Monday, in a development that soothed stock and bond investors fearing downgrades would roil capital markets. Standard & Poor’s said it had grown …
The insurance market in Florida is adjusting to changing conditions – some man-made, others resulting from forces of nature – all of which make property insurance for Florida homeowners more available and more affordable, according the Florida Insurance Council. One …
