A California lawmaker on Friday introduced a bill to give greater control of claim information held by insolvent companies over to policyholders. Assemblyman Curt Hagman said he introduced Assembly Bill 1734 to provide choices to policyholders when an insurance company …
Lloyd’s announced that it is estimating its overall net claims from the flooding in Thailand last year to be in the $2.2 billion range. The figure is based on an industry loss estimate of between $15 and $20 billion. …
Louisiana Insurance Commissioner Jim Donelon announced that the Louisiana Department of Insurance (LDI) aided Louisiana insurance consumers in receiving more than $5.3 million in insurance payments from consumer complaints in 2011. LDI received 13,208 consumer inquiries and 3,453 official consumer …
We frequently hear people ask, “When is the next hard market going to come?” And by that they typically mean double-digit increases in premium growth for a sustained period of time. Of course, no one knows. But perhaps more importantly, …
Two Legislative committees will begin looking into a proposed $200 million real estate deal that will settle the Office of Hawaiian Affairs ceded lands claims with the state. In November, Gov. Neil Abercrombie and OHA announced they had reached a …
January was a good month in terms of global catastrophes. Yet while there was no single major loss event throughout the month, a series of relatively small aggregated losses impacted insurers and economies worldwide, a new report revealed. In the …
Insurance regulators saved or recovered $11.6 million for Ohioans in 2011, the Ohio Department of Insurance announced. The department said it received 5,336 consumer complaints, the majority of which dealt with the denial of insurance claims. Of the recoveries realized …
Commissioner Jim Donelon says a decision won’t be made until next week on whether the state’s property insurer of last resort will pursue a U.S. Supreme Court appeal of a $93 million judgment against the company. Donelon said that his …
The governing board of Louisiana’s property insurer of last resort held a special meeting on Jan. 31 to discuss how to deal with a judge’s order that lifted a freeze on more than $100 million at issue in a long-running …
Kansas farmers have claimed nearly $1 billion in insurance to offset crop losses caused by the lingering drought. The federal government says that breaks a Kansas record of $446.8 million for drought claims set in 2002, and more claims are …
