The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct ties to lenders, according …
The National Council on Compensation Insurance has filed a request to decrease workers’ compensation loss costs in Hawaii by 16.8 percent, beginning Jan. 1, 2008, according to the state Department of Commerce and Consumer Affairs. DCCA said the reduction is …
The National Council on Compensation Insurance has filed a request to decrease workers’ compensation loss costs in Hawaii by 16.8 percent, beginning Jan. 1, 2008, according to the state Department of Commerce and Consumer Affairs. DCCA said the reduction is …
A preliminary report from the federal government found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At the same time, the Department of Homeland Security …
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 …
Maryland’s largest medical malpractice insurer plans to leave a state premium subsidy program and return some of the money it has received, saying it no longer needs the subsidy to stabilize premiums for doctors because the cost of claims is …
Medical professional liability insurer Medical Protective announced it will reduce its average rates for Texas physicians by another 7.3 percent effective Jan. 1, 2008. The company said the reduction will be the fifth in the last three years, cumulatively reducing …
The vast majority of U.S. insurers have little or no exposure to the volatility in the subprime mortgage market because a substantial percentage of their investments are in the highest-rated bonds or stocks with no direct ties to lenders, an …
Five survivors of an Immokalee, Fla., mobile home fire and the families of five more who died in the blaze will share a $6 million insurance settlement. The Collier County Sheriff’s Office is still investigating the March blaze in the …
The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies specialize in lawyers professional liability insurance. “Lawyers professional liability insurance is a natural complement to the types …
