Insurers News

Insurers Ask Colo. to Veto UIM Coverage

The National Association of Mutual Insurance Companies is urging Colorado Gov. Bill Ritter to veto Senate Bill 256, legislation concerning uninsured and underinsured motorists. In a letter to the governor, NAMIC warned that the legislation would hurt consumers. “On behalf …

Big Dig insurer AIG to pay $58.5 million in workers’ comp excess profit

Massachusetts Attorney General Martha Coakley has reached a $58.5 million settlement with American International Group (AIG), the workers’ compensation carrier for the Central Artery Tunnel (CA/T) Project, known as the Big Dig. Coakley said a review by her office found …

Insurer recommendations

PCI offered a variety of suggestions for consideration by lawmakers, including: Enhancing the My Safe Florida Home Program to provide more effective economic incentives for consumers to retrofit homes that reduce losses from future storms. Implementing stricter land use policies …

Insurer recommendations

PCI offered a variety of suggestions for consideration by lawmakers, including: • Enhancing the My Safe Florida Home Program to provide more effective economic incentives for consumers to retrofit homes that reduce losses from future storms. • Implementing stricter land …

Pa. insurers: merger won’t harm competition

Pennsylvania’s two largest insurance companies have formally asked state regulators to approve a change in control of their subsidiaries that would take effect when the nonprofit companies merge. Independence Blue Cross of Philadelphia and Highmark Inc. of Pittsburgh outlined the …

British auto insurer survey targets women’s view of male drivers’ irritating habits

A survey from the United Kingdom’s Diamond, an automobile insurer that specializes in coverage for women drivers, reveals some of their male counterparts’ most irritating driving habits. While Diamond’s survey, which included both male and female drivers, revealed that half …

Big Dig insurer AIG to pay $58.5 million in workers’ comp excess profit

Massachusetts Attorney General Martha Coakley has reached a $58.5 million settlement with American International Group (AIG), the workers’ compensation carrier for the Central Artery Tunnel (CA/T) Project, known as the Big Dig. Coakley said a review by her office found …

2007 Property/Casualty State Specialist Insurers

1 Brickstreet Mutual Insurance Co. WV 765,963 2 Texas Mutual Insurance Co. TX 743,095 3 Old American Cty Mutual Fire Insurance Co. TX 491,641 4 SAIF Corp. OR 449,794 5 Universal Property & Casualty Insurance FL 371,755 6 Physicians Reciprocal …

N.J. Charges Health Insurer with Alleged Steering of Small Businesses

The New Jersey Department of Banking and Insurance (DOBI) has filed an administrative order alleging CIGNA HealthCare of New Jersey and an affiliate, Connecticut General Life Insurance Co., failed to properly notify 2,123 small businesses of their health plan options, …

Willis rejects insurers’ alternatives for contingent commissions

After a review of the supplemental compensation plans recently proposed in the marketplace by certain carriers, Willis Group Holdings reported that it will not be accepting these incentive arrangements because, it says, they fail to fix the conflicts associated with …