The number of Louisiana property insurance consumers who benefit from the lower rates offered by private insurers is growing as the state’s Citizens Property Insurance Corp.’s (Citizens) depopulation program continues to be a success, according to the Property Casualty Insurers …
Dublin International Insurance & Management Association (DIMA), the representative body for the international re/insurance industry in Ireland, announced that it has “been in contact with rating agency Standard & Poor’s to clarify the position regarding the Irish sovereign rating and …
An insurance company wants former Mississippi Supreme Court Justice Oliver Diaz kicked off a lawsuit involving imprisoned former attorney Paul Minor. Minor, meanwhile, also thinks the federal judge in the case should step down because he’s the same judge who …
Washington Insurance Commissioner Mike Kreidler is asking state lawmakers to preserve his authority to scrutinize health insurance rates, boost transparency, and to let him — for the first time — consider some insurers’ surpluses when reviewing rates. “Some non-profit insurers …
The Canada Revenue Authority (CRA) confirmed that Barbados insurance companies including Exempt Insurance Companies (EIC) and Qualifying Insurance Companies (QIC) are “liable to tax” under paragraph IV (1) of the 1980 Barbados-Canada Double Taxation Agreement and can generate exempt earnings …
The Texas Department of Insurance issued a bulletin reminding insurance companies and agents that misrepresentation of insurance policies by failing to state a necessary material fact, or by making a statement in a manner that would mislead a reasonably prudent …
Most insurers are letting consumer technology like smartphones and social media networks get ahead of them, creating a challenge to attract a new generation of customers who are not interested in doing business with agents the way their parents did. …
One year ago a series of devastating floods hit Cumbria, the county on the west coast of England just below the Scottish border. Heavy rain caused extensive flooding in a number of towns A year later the area is beginning …
The UK’s Football [Soccer] Association’s insurers will pay compensation to Liverpool after midfielder Steven Gerrard sustained a hamstring injury on England duty. The FA confirmed Friday it has a comprehensive voluntary insurance scheme that covers for injuries to England players …
U.S. property/casualty insurers are not likely to sustain substantial losses on municipal bonds, Moody’s Investors Service says in a new report. While muni bonds make up a high 27 percent of P/C insurers’ invested assets, credit losses would be manageable …
