Nuts & Bolts: BVSA Marine Insurance is now offering coverage for recreational watercrafts up to 32 feet. Dollars: Liability limits of $500,000 are available. Deductibles range from 1 to 3 percent with no minimum premiums. Carrier: American Reliable rated “A,” …
For Conn. Agents, Concern Over Privacy in Disclosure The ongoing investigation of brokerage commissions and alleged bid-rigging that started in New York is being felt everywhere, nowhere more so than neighboring Connecticut. Despite an agenda that ranged from identity theft …
The National Association of Insurance Commissioners announced that it has recently formed the Executive Task Force on Broker Activities to gather facts and coordinate activities to address alleged criminal misconduct and violations of existing insurance laws involving insurance companies and …
A National Association of Insurance Commissioners report comparing auto insurance rates in all 50 states and the District of Columbia found that North Carolina ranks eighth in the nation for the lowest rates. This is an improvement over the ninth-lowest …
The vote tallies in the presidential and congressional races suggest this is a blue region (with the exception of Virginia) but that is probably not true of the insurance community here or elsewhere. Purple, maybe; blue, doubtful. Blue voters can …
A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls for $15 million …
Maine has joined a nationwide investigation into price fixing and other abuses in the insurance industry. Maine Insurance Superintendent Al Iuppa said his department is working with the National Association of Insurance Commissioners as part of the information-gathering part of …
Lenient parents best beware: A new generation of tough laws make parents liable for underage drinking. In the past decade, about 35 states have passed “social host” laws that make adults criminally and civilly liable when they provide alcohol to …
Nuts & Bolts: INAMAR, the marine marketing and underwriting division of ACE USA, launched a new insurance program designed exclusively for the owners of personal watercraft. The INAMAR Personal Watercraft program is available to all agencies appointed by ACE for …
Strong objections are being voiced in the states to part of President Bush’s prescription to make health insurance more affordable for small businesses. The principal worry is that states will lose the ability to regulate certain insurance plans and protect …
