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 three companies that insure the majority of Protestant churches in America say they typically receive upward of 260 reports each year of young people under 18 being sexually abused by clergy, church staff, volunteers or congregation members. The figures …
The latest, and admittedly still preliminary, estimates from the series of violent storm that struck the coast of New South Wales last week (See IJ web site June 11) indicate that insured losses will exceed A$1.2 billion (US$1 billion), making …
Property/ casualty insurers are contending that the Florida Office of Insurance Regulation is “off the mark” in developing rules implementing a law passed in 2003 addressing insurers’ use of credit information. Since the Legislature passed the National Conference of Insurance …
Florida Chief Financial Officer Alex Sink proposed a rule that streamlines the process for consumers to qualify for insurance premium discounts after taking steps to mitigate hurricane damage. The Property Casualty Insurers Association of America supports Sink’s proposal. “Chief Financial …
Steve White has been named director of the Bureau of Company Examination, Regulation and Guaranty (BERG) in the Delaware Department of Insurance, Insurance Commissioner Matt Denn announced. A 13-year employee of the department, White most recently held the post of …
Privacy groups are sounding alarms as the nation’s largest insurance companies finalize plans to allow millions more customers to post their health records on the Internet. Insurers like Hartford-based Aetna Inc. say Web-based tools help patients and physicians keep track …
Global investment manager D. E. Shaw group has organized a Bermuda-based holding company to acquire James River Group, Inc. a North Carolina- based excess and surplus and workers’ compensation insurer, in a transaction with a total equity value of approximately …
The California Assembly has approved a bill requiring insurance companies to get approval by the Department of Managed Health Care or the Department of Insurance before they can increase the amount of their premiums, copayments, coinsurance obligations, deductibles, and other …
Standard & Poor’s Ratings Services announced that it is “undertaking a review of the preference stock and other hybrid equity issues of the following seven insurers and reinsurers: ACE Ltd. (A-/Stable/A-2), Arch Capital Group Ltd. (BBB+/Stable/–), Aspen Insurance Holdings Ltd. …
