New Jersey officials’ interpretation of a new state law meant to thwart identity theft goes further than lawmakers intended and would impose impractical requirement upon insurance companies, according to an industry group. The New Jersey Consumer Affairs Division proposed regulations …
Standard & Poor’s Ratings Services announced that it has “affirmed its ‘BBB+’ preferred stock rating on PartnerRe Ltd.; its ‘BBB’ preferred stock ratings on ACE Ltd. and RenaissanceRe Holdings Ltd.; and its ‘BBB-‘ preferred stock ratings on Arch Capital Group …
The insurance industry holds investments in municipal bonds worth more than $320 billion, investments that help fund construction of schools, roads, and hospitals, and support a variety of other public sector activities, according to a new industry study. The report …
A Pennsylvania legislator has introduced a bill that would prohibit insurance companies from using credit scores to help determine how much customers pay for car insurance. “It’s a tool the insurance industry can use to hurt you in so many …
The Maine Bureau of Insurance is advising consumers to beware of an illegal sweepstakes scam targeting MMG Insurance Co., a Maine domestic workers’ compensation insurer located in Presque Isle. Officials at MMG notified acting Superintendent Eric Cioppa that individuals across …
Workers’ compensation direct premiums written for calendar year 2006 exceeded $47 billion. At year-end 2002, it was nearly $34 billion. This represents an increase of 40 percent. However, over the same period, the Top 25 carriers increased their direct premiums …
The Maine Bureau of Insurance is advising consumers to beware of an illegal sweepstakes scam targeting MMG Insurance Co., a Maine domestic workers’ compensation insurer located in Presque Isle. Officials at MMG notified acting Superintendent Eric Cioppa that individuals across …
Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast, reports the private insurance industry’s Insurance Information Institute …
Workers’ compensation direct premiums written for calendar year 2006 exceeded $47 billion. At year-end 2002, it was nearly $34 billion. This represents an increase of 40 percent. However, over the same period, the Top 25 carriers increased their direct premiums …
The Supreme Court has sided with two insurance companies in a case involving alleged violations of the Fair Credit Reporting Act. The law requires insurance companies and other businesses to notify customers who are charged more because of their credit …
