An association of trial lawyers has accused North Carolina’s largest medical malpractice insurer of violating state law by charging doctors excessive rates, but the company said its rates are reasonable. The North Carolina Academy of Trial Lawyers is pushing for …
HSBC Bank plc and Norwich Union Insurance, the U.K. operating company of the Aviva Group, announced plans to create a joint-venture general insurance company to underwrite and distribute products to HSBC’s 10.2 million customers in the U.K. A bulletin from …
Standard & Poor’s has issued a report – “Insurance Industry Risk Analysis: Clear Skies Belie A Brewing Storm As German Insurers Need To Prepare For Regulatory Reform & A Cyclical Downturn,” that is self-explanatory. S&P notes that generally insurers in …
The New Jersey Senate Commerce Committee heard testimony that insurers say could make it more difficult for consumers to choose the level and type of insurance they use. The Property Casualty Insurers Association of America urged the committee to oppose …
The Property Casualty Insurers Association of America (PCI) has appointed Paul Magaril as regional manager and counsel of its New York office in Albany. Magaril will assist PCI members and handle state legislative and regulatory issues affecting the property/casualty insurance …
GMAC Insurance, the insurance business of GMAC Financial Services, has agreed to acquire Provident Insurance, the United Kingdom-based auto insurance division of Provident Financial PLC. The acquisition will complement GMAC’s existing U.K. insurance operations and support European growth initiatives. The …
Recent severe weather in Texas has prompted the Southwestern Insurance Information Service, an insurance trade group, to remind consumers that damage to their homes resulting from flooding is not covered by the standard homeowners policy. “Following a weather-related event involving …
Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose stock was up 7 percent. What a …
Ohio’s new law restricting young drivers is saving some people money on car insurance bills because the companies believe the regulations will lower accident rates. Some insurance companies lowered teen driver rates after the law that restricts the hours teens …
Stock Prices: Commercial line insurers’ stocks traded down 2 percent for the first quarter of 2007. The only company reporting significant stock gains for the first quarter was CNA Financial Corp. (NYSE:CNA) whose stock was up 7 percent. What a …
