Illinois Director of Insurance Michael McRaith has suspended the operations of medical liability insurer Professional Liability Insurance Company of America (PLICA). Under the Department of Insurance order dated Oct. 22, 2009, PLICA is prohibited from writing new policies or renewing …
State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …
Analysts Forecast Healthy Q3 Reports from Insurers promised the headline on Insurance Journal Oct.22. Reuters was reporting that third-quarter earnings reports from insurers would look a lot better than they did a year ago A recovering stock market and only …
This soft market is likely to linger into the New Year. Analysts Forecast Healthy Q3 Reports from Insurers” promised the headline on Insurance Journal‘s Web site, www.insurancejournal.com, on Oct.22. Reuters reported that third-quarter earnings reports from insurers would look a …
State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …
Norfolk & Dedham, Rockingham Two East Coast-based mutual insurance companies have formed a mutual alliance that they say allows them to achieve efficiencies, diversification and spread of risk without actually merging their companies. The Norfolk & Dedham Group and the …
The Michigan Supreme Court on Oct. 7 heard opening arguments in a closely watched case that may decide the fate of insurers’ use of credit history in setting rates for personal lines policies in that state. In 2005, under then-Commissioner …
In a 9-0 decision, the Mississippi Supreme Court has ruled that so-called “all-risk home insurance policies may cover wind damage from hurricanes, even in situations where the loss is later exacerbated by water from storm surge. The state high court …
Insurance brokers say private insurers won’t sell flood insurance in Kent, Renton, Auburn and Tukwila where the Corps of Engineers says Green River flooding is likely this winter. Federal insurance is still available but capped at $500,000 for a structure …
The world’s mutual insurance companies are well placed to continue to grow market share in the wake of the credit crisis, but they also face a vast range of challenges, according to new research. A report by credit ratings agency …
