Michigan County Hopes Insurer-Gifted Dog Sniffs Out Arsonists
With big, liquid brown eyes and a mouth that seemed to stretch into a smile, Gunner has the look of a family pet ready to run after a stick and curl up at the foot of a bed. But while …
Insurers Blast New York Coastal Homeowners Insurance Reform Plan
Insurers are blasting a proposal by New York regulators to reform the state’s coastal homeowners insurance market, a plan one exec called “a solution in search of a problem.” “The insurance industry is scratching it head,” said Ellen Melchionni, president …
State Regulators Develop Rule on Health Insurers’ Medical Spending
U.S. health insurers should be able to exclude most federal taxes, but not all, in calculating spending rates to meet new healthcare law requirements, an insurance advisory group has proposed. Under a draft plan released Thursday, insurers would be allowed …
ISO Developing Data on Driver Behavior for Use by Insurers
ISO’s Applied Informatix unit is developing a data source for insurers that want to develop state-of-the-art underwriting and rating plans involving driving behavior or use analytics to differentiate their driving behavior programs. According to Steven C. Craig, general manager of …
Michigan Officials Seek to Force Broker to Remit $1.3M Owed to Insurers
Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation (OFIR) has petitioned the Ingham County Circuit Court …
Colorado Says Nebraska Insurer Pays $153,000 Fine
Colorado regulators say World Insurance Co. of Omaha, Neb., has paid a $153,000 fine after it was accused of not providing benefits it promised. The state Division of Insurance said that, among other things, the company didn’t cover procedures it …
Predictive Modeling Helps Commercial Insurers Hold Prices
While commercial insurance prices continue to remain relatively flat for the sixth consecutive quarter, insurers using predictive modeling in their pricing and risk selection report that they were better able to hold price levels. That’s according to professional services company …
Florida Insurer Blames Exit on Fraud
With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of poor ongoing …
Insurers Probed Over Major League Baseball Teams’ Financial Data Leak
The New York Times reported that a Major League Baseball investigation into leaked financial documents is focused on insurance companies that do business with clubs. The Times reported the companies under investigation sell liability insurance for top-level team executives and …
North Carolina Workers’ Compensation Insurers Seek Slight Increase
North Carolina Insurance Commissioner Wayne Goodwin has received the 2010 workers compensation rate filings from the North Carolina Rate Bureau, the organization that represents the state’s workers compensation insurance companies. The filings requested an average increase of 1.2 percent in …
