Massachusetts Attorney General Martha Coakley wants a public hearing to review the auto insurance rates of a new company entering the market in Massachusetts. Occidental Fire and Casualty Insurance Co. of North Carolina is asking to charge Massachusetts drivers rates …
With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers that they could lose business and consumer confidence …
Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. …
One of Florida’s new startup property insurance companies has been told to stop selling policies — at least for a while. Insurance Commissioner Kevin McCarty said Boca Raton-based People’s Trust has not followed state regulations nor its business plan and …
California has a $1.7 trillion economy that ranks it as a global financial power, and the insurance industry aids in this effort, says a new industry report. In 2006, insurers contributed $28.2 billion to California’s gross state product and accounted …
The National Association of Insurance Commissioners (NAIC) has adopted a proposal to review the use of credit-based insurance scoring. The NAIC said it will convene a public hearing to take testimony on how the insurance industry uses credit scores, what …
A federal judge in New Orleans has dismissed some claims in a lawsuit filed by a former Louisiana Attorney General Charles Foti against dozens of insurance companies over payments to policyholders receiving funds from the state’s Road Home homeowner grant …
Robert M. Bryar, president of C.M.Meiers Co. Inc. and CMM Entertainment has begun expansion plans to the entertainment division’s Woodland Hills, Calif., headquarters. The company is adding 25 percent more floor space to accomodate projected growth of CMM Entertainment. Expansion …
Japanese non-life insurers Sompo Japan Insurance and NipponKoa Insurance plan to merge, an industry source said, in the second deal in less than two months in a sector struggling with slumping demand and a dwindling, ageing population. Japan’s non-life insurance …
The story of the salmonella-tainted peanut products distributed by Peanut Corp. of America (PCA) is one of the highest-profile food recall cases in recent memory, and one that holds interesting side stories for the insurance industry. One of the most …
