Since 2006, About 25 New Home-Based Insurers Have Been Launched as Part of the Domestc Market Resurgence While large national insurers are downsizing in Florida, more home-based insurers are bulking up on the state’s residential homeowners business. The jump in …
While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely somewhere between $760 million …
Property/casualty insurers in Florida believe they are being overcharged for coverage from the state’s hurricane fund and some of them are looking for a refund. Insurers contend that the state fund is only financially able to reimburse them for about …
North Carolina’s state-sanctioned property insurance program at the coast should reduce its maximum property policy coverage to relieve its potential liability in a massive hurricane, a legislative study committee recommended this week. The panel also suggested capping how much insurance …
The Louisiana Workers’ Compensation Corporation (LWCC) announced that Kevin Paul Hale of Baton Rouge, La., has been selected as the 2008 recipient of the Stephen W. Cavanaugh Scholarship. LWCC established the Stephen W. Cavanaugh Scholarship Fund in 2006 in honor …
The Texas Windstorm Insurance Association is instructing agents who have clients with residential dwellings insured under the TWIA waiver program that all repairs must be done to the current catastrophe area wind code requirements and WPI-8(s) must be issued for …
A legislative committee looking at how to cover insurance claims after a big hurricane in North Carolina may recommend a cap on how much private insurers would be forced to pay. The study panel scheduled its final meeting yesterday in …
Nevada Insurance Commissioner Scott Kipper announced that the industry’s National Council on Compensation Insurance Inc. (NCCI) has submitted a filing for an average decrease of 4.9 percent for Nevada workers’ compensation voluntary insurance loss costs. NCCI has also filed for …
An investigation by the New York Insurance Department has found that auto insurers in the state did not engage in a widespread effort to steer consumers to certain auto body shops – a violation of state law. However, in some …
Ohio-based Great American Insurance Company and its policyholder have reached an agreement with respect to all outstanding issues relating to the availability of excess insurance coverage for lawsuits brought by families of individuals who died in a 2007 Houston building …
