The nation’s health insurers have proposed guaranteed coverage for people with pre-existing medical conditions in conjunction with an enforceable individual coverage mandate. Under the industry proposal, health plans participating in the individual health insurance market would be required to offer …
New York Department of Insurance has this advice for insurers in the Empire State: Stop canceling homeowners’ policies simply because a house in unoccupied. That announcement came in the form a circular letter – essentially, an advisory bulletin to insurers …
A recent federal court ruling could jeopardize the way some insurance, banking and high technology companies protect their business methods through patents. The United States Court of Appeals for the Federal Circuit recently ruled against Bernard Bilski, who sought to …
As firefighters work to contain the Tea, Sayre, and Freeway Complex fires throughout Southern California, property/casualty insurance companies are on the ground reaching out to policyholders to facilitate immediate shelter needs and begin the process of recovering and rebuilding, according …
Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth Financial Inc., Lincoln National Corp. and Aegon …
A Florida Supreme Court ruling has resulted in a request to raise workers compensation rates by 8.9 percent. The National Council on Compensation Insurance filed it Friday, citing last month’s ruling. The justices struck down a cap on fees paid …
Billionaire Warren Buffett’s Berkshire Hathaway Inc. owns two more insurance companies after completing a deal with White Mountains Insurance Group. Documents filed with the Securities and Exchange Commission show the companies consummated the deal. It was announced in March. Berkshire …
A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings under review with negative implications. The rating actions are a …
Standard & Poor’s Ratings Services has just published a new study – “Bermuda Insurers And Reinsurers: The Good, The Bad, And The Ugly – ” which examines the current status of the island’s insurance industry. S&P notes that after “two …
Gov. Marc Racicot will leave his position as the president and CEO of the American Insurance Association (AIA), effective Feb. 1, 2009. Racicot served more than three years as the leader of the the AIA, a property/casualty insurer trade association. …
