Insurers News

New ‘Green’ captive insurer forms for eco-friendly businesses

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 …

U.S. Attorney in La. Won’t Intervene in Suit Against Insurers

U.S. Attorney David Dugas says he won’t intervene in a whistleblowers’ lawsuit that accuses several insurance companies of overbilling the federal government for flood damage to Louisiana homes from Hurricane Katrina. An attorney for a group of former insurance adjusters …

Insurers try to prevent losses in wildfire hotspots

Spooked by devastating wildfire seasons, the nation’s top insurers are inspecting homes in high-risk areas throughout the West and threatening to cancel coverage if owners don’t clear brush or take other precautions. The inspections have angered homeowners and watchdog groups …

Consumers Warned About Scam Using Maine Insurer’s Name

The Maine Bureau of Insurance is advising consumers to beware of an illegal sweepstakes scam targeting MMG Insurance Co., a Maine domestic insurer located in Presque Isle. Officials at MMG notified acting Superintendent Eric Cioppa that individuals across the country …

Insurers oppose Nevada bill that would open court records

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 …

New ‘Green’ captive insurer forms for eco-friendly businesses

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 …

Pa. Gov. Urges Thorough State Review of Health Insurer Merger

Pennsylvania Governor Edward G. Rendell has renewed his call for a change in law to permit an in-depth state review of the proposed merger of Independence Blue Cross and Highmark Inc., Pennsylvania’s two largest health insurers. His call came following …

Feds See No Antitrust Reason to Block Pa. Health Insurers’ Merger

Federal antitrust regulators this week approved a merger between Pennsylvania’s two largest health insurers. The Federal Trade Commission gave the green light to the marriage between Highmark Inc. of Pittsburgh and Independence Blue Cross, based in Philadelphia. The merger had …

S&P Warns EU Insurers Not to Ignore Solvency II

Standard & Poor’s Ratings Services has issued a report – “Beware Solvency II: As The 2010 Implementation Date Looms Closer, European Insurers Should Ignore It At Their Peril” -, warning the EU’s insurance community that the impact from the implementation …

R.I. House Members Unveil Bills Curbing Insurers’ Coastal Practices

The leaders of a special Rhode Island House commission studying the effects of natural disasters on property insurance costs have introduced legislation they say is aimed at protecting coastal homeowners from “unreasonable” rate hikes to insure their homes for hurricane …