The Missouri Department of Insurance’s annual complaint index report has been posted at the department’s Web site, insurance.mo.gov, under the Information About Insurers section. Users can search more than 10,000 complaints against more than 600 insurance companies doing business in …
An insurer can’t cite the commonly used earth movement exclusion to deny coverage to an insured whose property was damaged by excavation to a neighboring lot, a New York Appeals Court has ruled. The case pitted the owner of condo …
The Hawaii Department of Consumer and Business Services, Insurance Division has approved a rate hike of 12.1 percent for Hawaii Medical Service Association (HMSA). The state’s largest health insurer plans to raise premiums for small businesses an average of 12.1 …
Philadelphia-Based Insurance Attorney Finds Rulings to be ‘Very Insurer-Friendly’ The Supreme Court almost never takes up insurance related cases. Even so, President Obama’s recent Supreme Court nominee— federal appeals Judge Sonia Sotomayor — brings a long record of decisions favoring …
Florida’s domestic property insurance companies are opposing a bill on Gov. Charlie Crist’s desk that would deregulate rates for a few large national carriers but leave their own rates subject to state regulation. Gov. Crist has until June 27 to …
The Texas Windstorm Insurance Association recently notified agents that its waiver surcharge program for residential dwellings has been extended to Sept. 1, 2009. June 1 marked the third anniversary of the residential waiver program in its current status, with the …
Property/casualty insurers and reinsurers rely more than ever on the expertise of actuaries at a point in the cycle when the market is neither softening nor hardening, attendees at the CAS Seminar on Reinsurance were told in a wide-ranging panel …
Some property/casualty insurers might be in for a rude awakening with respect to their reserve practices, according to industry experts. The property/casualty insurance sector’s ability to properly estimate its loss and loss-adjustment expense reserves directly affects its financial strength, noted …
According to findings of a survey released today by global management consulting firm Accenture, nearly two-thirds (62 percent) of insurers plan to grow outside of their home market in the next 12 months. The survey queried “more than 100 leading …
Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its subsidiaries. ProMutual, a member of ProMutual Group, said it is is acquiring Lansing, Michigan, based …
