Momentum is building for Nebraska to enact personal lines rate and form modernization in 2005, according to the Property Casualty Insurers Association of America (PCI). During 2004 the state legislature did not have time to complete work on a bill …
A consultant has drafted a plan for a medical malpractice liability fund that would attempt to reduce the rising premiums doctors pay for malpractice insurance in Wyoming. The plan was reviewed Oct. 25 by the Wyoming Healthcare Commission. It was …
Groups for and against capping noneconomic damage awards for medical malpractice both claimed that a Wyoming Healthcare Commission report upholds their positions. The study suggests that capping noneconomic damages at $250,000 could reduce insurance company losses by 15 percent. The …
New Hampsihre may be the first Eastern state to lower its tax on insurance companies as states continue to compete to attract more business. The issue is currently the subject of an economic impact study by Ernst & Young. The …
Oregon’s Department of Consumer and Business Services (DCBS) has issued a cease and desist order against a Salem man who reportedly continued to transact insurance even after his license was revoked. An investigation by the DCBS Insurance Division found that …
N.H. Considers Premium Tax Cut; Insurer CEOs Update Big ‘I’ Agents Taxes, the favorite subject of politicians in New Hampshire, was a topic also on the minds of property casualty executives who gathered at the White Mountains’ imposing Mountain View …
State insurance commissioners stood their ground last month at hearings in Washington where they opposed an expanded federal role in insurance regulation and withstood a withering attack on their performance from a leading insurance trade group. Claiming that progress is …
The Independent Insurance Agents and Brokers of America is considering a proposal to compile a nationwide database of minority-owned agencies for carriers looking to expand their presence in urban markets to utilize, the group’s Diversity Task Force Chair Joe Hernandez …
A report released by the National Association of Insurance Commissioners 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 …
A representative of the American Insurance Association (AIA) testified before the Senate Banking Committee, alleging that “the outdated, dysfunctional nature” of state insurance regulation does not allow the insurance industry to meet the needs of individual or business insurance consumers. …
