Insurers News

Court: Owners of Truck in Fatal Connecticut Crash Can Sue Insurer

The Connecticut Supreme Court reinstated a lawsuit brought by the owners of a dump truck involved in a fiery crash in Avon in 2005 that killed four people and injured 11 others. In its decision, the high court overturned a …

One Insurer Bets on Political Campaigns While Another Drops Out

While one company has gotten out of the business of insuring political campaigns, another is throwing its hat in the ring. Markel Risk Solutions, based in Glen Allen, Va., is offering campaigns a multiline, admitted insurance product that will cover …

Health Insurers, White House Spar as Healthcare Debate Heats Up

The health insurance industry Thursday struck back at provisions in Congress’ healthcare proposals that it said would do little to curb the nation’s spiraling costs or provide people more affordable coverage. Congress is tip-toeing toward incremental healthcare reform that does …

West Virginia Court Sides with Insurer on Antitrust Claim by Cancelled Agent

An insurance company has won a victory over one of its former West Virginia agents who claimed the insurer violated state antitrust law when it cancelled his contracts to sell its life and property/casualty insurance products. The ruling by the …

New Jersey Township Faulted for Denying Private Insurer Contract

A New Jersey municipality cost taxpayers hundreds of thousands of dollars by awarding an insurance contract to a favored public insurance fund over the low-bid private insurer, a state audit claims. A report released by State Comptroller Matthew Boxer found …

New Jersey City Considers Billing Insurers for Fire Calls

One New Jersey city is considering billing insurance companies for fire department services. Passaic Mayor Alex Blanco is proposing insurers pay $500 for residential fire calls and $25,000 for fires in commercial buildings. Fire department calls to car accidents could …

Insurer Trade Group PCI Names Isler Lobbyist for Southeast

The Property Casualty Insurers Association of America (PCI) has named Micaela Isler as regional manager, state government relations. Isler will cover the Southeast Atlantic region which includes the District of Columbia, Georgia, North Carolina, South Carolina, Tennessee and Virginia. Prior …

Aon Says Satellite Operators to Benefit from Insurer Profitability in 2010

Aon’s International Space Brokers has reported that space insurers are expected to generate more than $400 million in profit for 2009, provided there are no claims before the end of the year. “The space insurance market has been very profitable …

Mississippi Court Upholds Judgment Against County Due to Insurer Default

A $250,000 default judgment against Tippah County has been upheld by the Mississippi Supreme Court. The case was filed in 2007 by Daniel Childers of Ripley, who contended that his elbow was broken during an arrest by county deputies in …

One Insurer Bets on Political Campaigns While Another Drops Out

While one company has gotten out of the business of insuring political campaigns, another is throwing its hat in the ring. Markel Risk Solutions, based in Glen Allen, Virginia, is offering campaigns a multi-line, admitted insurance product that will cover …