For the fifth year in a row Texas consumers filed fewer complaints against their insurance companies with the Texas Department of Insurance (TDI), the Insurance Council of Texas reported. The total number of closed complaints was recently released in Commissioner …
North Carolina homeowners insurers are seeking an average 19.5 percent statewide rate hike which, if approved, would be the first rate hike since 2006. The proposal, being finalized this week by the North Carolina Rate Bureau for submission to the …
Premium rating errors by insurance companies resulted in the loss of $16.1 billion of auto insurance premium revenues in 2007, slightly down from the 2006 figure of $16.6 billion — but still almost 10 percent of the total $162 billion …
The financial and housing crises, along with a prolonged soft market, are converging to create a highly challenging environment for the U.S. insurance industry in 2009, says an industry think tank. These factors will force insurance carriers to adopt new …
The New York Insurance Association recently elected officers and directors for the group, a trade association for property/casualty insurers. New officers who will serve one-year terms are Cecilia Norat, American International Group Inc., chair; Richard Zick, Utica First Insurance Co., …
Keystone Insurers Group (KIG), the fourth largest privately held property/casualty insurance agency in America and an Insurance Journal Top 100 Agency, announced the recipients of its fifth annual KIG Exemplary Awards. The award is presented to the outstanding Keystone agency …
Property/casualty insurers are urging North Carolina officials to impose surcharges on policies in the state’s residual market property insurer, the Beach Plan, and take other financing and mitigation steps to stabilize the state’s coastal property insurance market. Insurance executives told …
A.M. best Co. has issued a new study of Asian insurance companies, which concludes that they “are expected to avoid major liquidity problems stemming from the global financial crisis, but investment income will decrease as interest rates fall in the …
Duke University has filed a lawsuit against its insurer, demanding that the company cover the costs of its settlement with three former lacrosse players who were falsely accused of rape. The North Carolina school filed a lawsuit against National Union …
Paying landowners to let forests grow is promoted by the United Nations as a viable way to fight global warming, but experts first have to puzzle out how to insure trees against going up in smoke. Under U.N. plans, owners …
