The Education Foundation of the Insurance Council of Texas (ICT) has awarded academic scholarships to 15 students at Baylor University, the University of North Texas and the University of Texas at Austin, the insurer trade group announced. The Baylor scholarship …
Analysts from Standard & Poor’s Ratings Services have pit together an analytical report on Bermuda’s insurance and reinsurance industry, following what S&P sees as “another excellent year,” as Bermuda companies have “enjoyed very strong earnings and operating performance as well …
The Connecticut Trial Lawyers Association charged today that one of the state’s medical liability insurers has been charging doctors excessive premiums. The lawyers association released a new actuarial analysis that it says shows that, for several years Connecticut Medical Insurance …
Louisiana Attorney General Charles Foti is suing the state’s largest property insurance companies, accusing insurers of conspiring to limit payments to policyholders after hurricanes Katrina and Rita and engaging in an elaborate price-fixing scheme. Foti’s wide-ranging lawsuit, filed in a …
Six insurance companies, including two newcomers to Louisiana, have applied for $34 million in matching grants from state government, in a program aimed at getting more insurers to write policies along the coast. Insurance Commissioner Jim Donelon said another insurer …
New York is considering having its residual market property insurance association offer surety bonds. Superintendent of Insurance Eric R. Dinallo said he will hold a public hearing to determine whether he will require the New York Property Insurance Underwriting Association …
Professional Insurance Agents of Florida elected Phil Zelman president of the board effective Oct. 1. A member of PIA since 1999, Zelman is vice president and co-owner of NCF Insurance Associates in Coral Gables, Fla., and has served on the …
The Property Casualty Insurers Association of America (PCI) is urging the National Association of Insurance Commissioners (NAIC) to eliminate the annual $1.58 million Securities Valuation Office (SVO) industry assessment. The NAIC held a public hearing yesterday as part of the …
Standard & Poor’s has published an “Industry Report Card” on Europe’s insurers, which examines their situation “in the aftermath of the subprime credit crunch,” the findings of an European Commission (EC) inquiry into business insurance, and moves toward a global …
Karen Clark & Co. in Boston has started providing reviews of company internal catastrophe risk assessment and management processes to help companies ensure they have holistic risk management processes that comply with best practices. Holistic risk management practices incorporate independent …
