A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance Michael McRaith suspended the operations …
Military insurance company USAA is expanding its customer base by nearly 35 million prospects by opening up eligibility for its products to all veterans who have honorably served in the U.S. Armed Forces anytime. More than 18 million U.S. military …
No-fault payments for medical claims by auto accident victims in New York have seen a dramatic increase over the last several years, one industry group says, and the state and insurance companies need to redouble efforts to root out fraud, …
Health care legislation headed for a vote in the House would give the Federal Trade Commission authority to look into the health insurance industry at its own initiative, Democratic officials said. The FTC, which investigates alleged anticompetitive practices, has been …
Illinois Director of Insurance Michael McRaith has suspended the operations of medical liability insurer Professional Liability Insurance Company of America (PLICA). Under the Department of Insurance order dated Oct. 22, 2009, PLICA is prohibited from writing new policies or renewing …
Californians will soon be able to purchase pay-as-you-drive automobile insurance, as the final regulations have been approved. The regulations regarding pay-as-you-drive, which was originally proposed by state Insurance Commissioner Steve Poizner a year ago, were approved by the Office of …
The Washington State Insurance Commissioner has issued a warning to property insurers with policies in the Green River Valley not to categorically deny flood claims. The Howard Hanson Dam, above the valley, has been found to have structural weaknesses that …
Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …
A workers’ compensation insurer for 3,000 public entities, hospitals, private companies and associations in Georgia has been declared insolvent and will be liquidated. Fulton County Superior Court Judge Thomas Campbell on Oct. 27 approved the liquidation order for Southeastern US …
Pennsylvania-based insurer Harleysville Group Inc. saw its third-quarter profits climb to $24.7 million, up 488 percent from $4.2 million in the year-ago period. Revenue at the insurer rose to $244.3 million, up 5 percent from the $232.5 million it reported …
