University of Utah researchers have developed an automobile ignition key that prevents teenagers from talking on cell phones or sending text messages while driving. The inventors are hoping the insurance industry will back the safety technology as worthy of premium …
The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate advisory. However, several insurers requested increases in excess of 5 percent, including: …
Florida’s domestic insurers continue to take on a larger and larger role in the state’s property insurance market. The latest data from Florida’s Office of Insurance Regulation show the domestic market share nearly doubled to 44 percent between the year …
At their most recent conference in London, Swiss Re’s economists predicted a “severe recession until mid 2009 in industrialized economies, including the United States and Europe.” They also expect that there will be slower growth in emerging markets, “but not …
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 …
A trade group for insurers in New York State says its members strongly oppose $140 million in new assessments on insurance companies proposed by Gov. David Paterson. Those increases, according to the New York Insurance Association (NYIA), are part of …
Georgia Insurance Commissioner John W. Oxendine has issued a directive informing automobile insurance companies in Georgia about the proper handling of diminished value claims. Oxendine ordered all auto insurance companies to cease using any language that implies that the Georgia …
Universal Insurance Holdings, Inc., an insurance holding company, reports that Florida’s officials have approved its application to form a second property/ casualty insurance subsidiary to be named American Platinum Property and Casualty Insurance Co. The name initially filed was Infinity …
Garrard County’s insurance company has paid $2.1 million to the estate of a central Kentucky man killed in a fiery car crash involving a former a county employee. The Advocate-Messenger reports the lawsuit was filed by the ex-wife of 43-year-old …
Standard & Poor’s Ratings Services announced that it has placed its ratings on five major U.S. mortgage insurers and their core and dependent foreign subsidiaries on CreditWatch with negative implications. These groups are Old Republic, PMI, MGIC, Radian, and Genworth. …
