To alleviate concerns about homeowner under-insurance, the California Department of Insurance has proposed regulations governing standards and training for estimating replacement value on homeowners’ insurance. CDI hosted a hearing to garner feedback on the regulations on May 17 in Los …
Demotech Inc. Reveals Leading Multi-State P/C Carriers The original criteria and objective definition for Super Regional P/C Insurers™ was established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of …
California Insurance Commissioner Steve Poizner announced that 1,010 insurance companies — more than 75 percent of insurers licensed to do business in California — have agreed to forgo future investments in 50 companies identified as doing business with Iran’s nuclear, …
Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost anyone to follow. “We keep going round and round and …
The Kansas Legislature’s 2010 session has been a successful one for property/casualty insurers, according to the insurer trade group, the American Insurance Association (AIA). Among the issues that had concerned P/C insurers were proposals to limit or eliminate the insurer …
North Carolina property and liability insurers are taking their case to the public to impede an effort in the Legislature to change how monetary awards are determined when somebody gets hit by a car while crossing the street or slips …
A federal appeals court says an eastern Pennsylvania city and not its insurance company must pay a multimillion-dollar settlement with the widow of a police officer accidentally shot by another officer inside police headquarters. The 3rd U.S. Circuit Court of …
Arizona Gov. Jan Brewer signed into law Senate Bill 1045, which repeals and amends state statute, directing the State Compensation Fund — known as SCF Arizona — to privatize and become a mutual insurance company, regulated by the state Department …
Wisconsin’s Office of the Commissioner of Insurance recently released its 2009 Insurance Complaints and Administrative Actions report summarizing the complaints received across all lines of insurance covering insurer activities such as underwriting and rating, marketing and claims processing. During 2009, …
PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty insurance coverage to responsible owners of well-built, high-value homes in Texas. The …
