Swiss Rre has issued a timely new sigma study , “The impact of inflation on insurers,” which examines “recent commodity price spikes and the current easy monetary policy” that have “increased inflation concerns.” Swiss Re underscored the fact that “many …
Private sector insurers that provide short-term export-credit insurance covering foreign receivables to U.S. exporters are now eligible for reinsurance from the Export-Import Bank of the United States (Ex-Im Bank). Atradius Trade Credit Insurance Inc. is the first insurer to sign …
When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his firm’s death in 2008. Ken Lay …
Insurer Suits “We are expected to be one of several insurance companies that are taking this action.” —Allstate spokeswoman Christina Loznicka after Allstate Insurance Co. announced it had sued Toyota Motor Corp., seeking to recover more than $3 million the …
Surplus line insurers should not be subject to California Constitution Section 28 taxes to the state, according to a California Court of Appeal decision that notes that these nonadmitted insurers already pay surplus line premium taxes. A conflict arose when …
Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable providers, according to a new survey. The survey conducted in August by Colorado-based Market …
The American Insurance Association (AIA) wants state regulators to emphasize regulatory “effectiveness and efficiency” at the National Association of Insurance Commissioners’ (NAIC) fall meeting in Orlando, Florida this week. The insurer organization said national and international regulatory developments “compel the …
Hospitals are not entitled to place liens on insurance benefits paid by insurers to third party service providers, the Tennessee Supreme Court has ruled. The case involved a man, Kevin L. Holt, who was injured in a car crash in …
Coverage denials of individuals based on their medical histories by the nation’s top for-profit health insurance companies rose by nearly half in recent years, U.S. lawmakers said Tuesday. The findings raise questions about industry practices before a law to prevent …
Five more insurers have reached settlements with the state of Massachusetts over allegations they charged inflated premiums for motorcycle insurance, the state’ attorney general said. The latest settlements with Arbella Mutual, Hanover, OneBeacon (Mass. Homeland), National Grange Mutual and Norfolk …
