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. …
Insurers recently asked state regulators to oppose a bill pending in Congress that would eliminate the exemption insurers currently receive from some federal antitrust laws. At the National Association of Insurance Commissioners’ (NAIC) meeting in San Francisco, the Property Casualty …
Washington’s Office of the Insurance Commissioner has approved the sale of three Bellevue, Wash.-based property and casualty insurance companies to an Austrailian holding company. Officials said Unigard Insurance Co., Unigard Indemnity Co., and Unigard Pacific Insurance Co., will continue operations …
The Property Casualty Insurers Association of America commends Gov. Mark Sanford and the South Carolina Legislature for advancing an agenda of reform aimed at strengthening the state’s coastal insurance market. Today the South Carolina House concurred with the Senate on …
More than 98,200 Minnesotans between the ages of 18 and 24 don’t have health insurance, partly because of a state law that says a child can be covered by parents’ insurance only until age 18, or until age 25 if …
Eight new insurers entered the property and casualty insurance marketplace in Florida since January 1, 2007 according to the Florida Office of Insurance Regulation The insurers represent a variety of insurance entities including surplus lines, alien, foreign, and domestic property …
The Supreme Court sided with two insurance companies Monday 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 …
Four New Yorkers defrauded a health insurance company by making false claims for brain operations, sometimes for the same person on multiple occasions, authorities said. One 36-year-old Manhattan man even claimed nine brain surgeries for himself, along with his wife …
Plans are in place for what its creators say will be the first captive insurance program designed exclusively for companies that are committed to sustainable business practices such as using renewable energy and producing environmentally friendly products. Denver-based Domani Sustainability …
Judges and an insurance trade association stated that they’re opposed to a bill that would restrict Nevada judges’ ability to seal court records, raising questions about its lack of privacy protections. Chief Clark County District Judge Kathy Hardcastle told the …
