Insurers News

Insurer to Waive $10K Theft Deductible on Nationally Registered Equipment

Through an alliance between the National Equipment Register and CNA, the insurer will waive up to $10,000 of a policy deductible if a piece of construction equipment registered with the national database is stolen. National Equipment Register tracks heavy equipment …

Washington’s Trial Bar, Insurers Roll Up Sleeves for Ref. 67 Fight

Who says an off-year election has to be boring? With millions in campaign contributions, weeks of bruising TV ads and plenty of name-calling, trial lawyers and insurance companies are doing their best to spice up this fall’s otherwise ho-hum statewide …

Burnes: four insurers eyeing deregulated Mass. auto market

Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they might enter if her plan to allow competitive pricing goes forward. Burnes is not naming the companies but when asked if …

Florida’s private insurers try to be heard amid political storm

Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season. The state’s politicians promised homeowners their insurance premiums would go down after the state enacted reforms in January but the politicians and many …

Florida’s private insurers try to be heard amid political storm

Protesters gathered on the steps of the old Florida Capitol to protest the high cost of property insurance rates in January in Tallahassee. The Legislature was in special session to pass homeowners insurance legislation. Since then, public officials, private insurers …

A small private Fla. insurer faces Citizens and the ‘perfect storm’

From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s defining years between 2003 and 2007 — and she isn’t talking just about the hurricanes. Susan Straker, president of Coral Insurance Co., cited the …

A small private Fla. insurer faces Citizens and the ‘perfect storm’

From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s defining years between 2003 and 2007 — and she isn’t talking just about the hurricanes. Susan Straker, president of Coral Insurance Co., cited the …

Burnes: four insurers eyeing deregulated Mass. auto market

Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they might enter if her plan to allow competitive pricing goes forward. Burnes is not naming the companies but when asked if …

Judge throws out all federal antitrust charges against insurers, brokers

No evidence found to support charges of a global conspiracy among commercial brokers and insurers Finding the charges lack any factual support, a federal judge has dismissed a big antitrust conspiracy case that was lodged against large commercial insurance brokers …

U.S. report: Private insurers overpaid by national flood program

The federal government may be overpaying private insurers for their operating costs associated with the National Flood Insurance Program (NFIP), a recent report said. The government’s payments to insurance companies for operating costs ranged from “more than a third to …