District Of Columbia News

Midwest Pummeled by Storms

A massive storm making its way through a big chunk of the United States brought a bit of everything: strong winds, rain, tornadoes and now even some snow for parts of the Midwest. The storm packed wind gusts of up …

Couch Braunsdorf to Offer Insurance for Law Firms Through Zurich

Attorneys and law firms in Maryland, Virginia and Washington D.C. seeking professional liability insurance from Zurich will now be able to purchase the insurance protection from Couch Braunsdorf Insurance Group. Zurich and Couch Braunsdorf recently signed an agreement granting Couch …

Judges Reopen Portions of Bid-Rigging Civil Suit

A decision by a federal court in Philadelphia has reopened some of the racketeering and antitrust lawsuits that were dismissed three years ago against insurers and brokers who allegedly participated in a bid-rigging scheme with mega-broker Marsh. The lawsuit is …

10 Most, Least Affordable States for Car Insurance

InsWeb, an online insurance comparison provider, recently released its 2010 Car Insurance Affordability Index — a list of the most and least affordable states in which to insure a vehicle. To develop the list, InsWeb ranked all 50 states and …

Europe’s CEA Expresses Concerns on Reinsurance Tax Proposals

The CEA (Centre d’Etudes d’Assurance), the European insurance and reinsurance federation, has written to the US House of Representatives to express its concerns over proposals to change the US tax treatment of reinsurance between affiliated entities. The comments center on …

It Figures

$25 Million Amount sought in a wrongful death lawsuit that has been filed in connection with a 2008 shooting rampage in Virginia that left one man dead and two other people injured. The lawsuit was filed earlier this month in …

Hearing Scheduled Today on HR 3424, Reinsurance Tax Bill

HR 3424 will be the subject of a hearing House by the House Representatives Ways and Means Committee today at 10:00 a.m. The Bill, sponsored by Rep. Richard E. Neal (D-MA), has been the subject of a lengthy debate [See …

Ratings Roundup: Iron Horse, American Physicians, United Contractors

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. The ratings reflect Iron Horse’s “superior risk-adjusted capitalization, experienced management team and …

10 Most, Least Affordable States for Car Insurance

Massachusetts, often rapped as a costly state for drivers, is actually the most affordable state for auto insurance while Louisiana is the least affordable, according to one insurance provider’s research that considers how much of a family’s income goes to …

Neal Bill, HR 3424, Proponents and Opponents Trade Salvoes

When U.S. Representative Richard Neal (D-MA) introduced, or more properly reintroduced, HR 3424, a bill aimed at closing what its proponents describe as a “loophole” in the U.S. tax code, he ignited, or more properly reignited, a longstanding controversy. Essentially: …