SB 44, a bill that limits the use of Consolidated Insurance Programs (CIPs), commonly known as wrap-around insurance programs, would raise the cost of construction and be harmful for Nevada consumers, according to the American Insurance Association. “Wrap-around insurance allows …
InsWeb and Allstate Insurance Co. have entered into a two-year services agreement under which Allstate will market its auto, homeowners, renters and condominium insurance products at InsWeb’s online marketplace. Allstate expects to generate customer leads from the online consumers who …
Accidental damage — the type of loss least likely to be covered by standard homeowners and business insurance — poses the biggest single risk for personal computer owners, according to a new insurance industry study. Safeware, The Insurance Agency, said …
INSpire Insurance Solutions, a property/casualty insurance outsourcing and integrated solutions provider, has made some management changes. Kay L. Womble has been named vice president of sales replacing Jim Strickland, who has resigned. Andrea M. Ferris has been named vice president …
Results of an extensive countrywide survey by Progressive Insurance show that while people ages 18 to 34 were more likely to use the Internet to purchase auto insurance than people ages 35 to 64, a majority of consumers (67.6 percent) …
A special provision, added to the currently pending legislation in Congress to overhaul the U.S. Bankruptcy law, aims to prevent Lloyd’s from collecting debts from U.S. “Names”(individual Lloyd’s investors), who have alleged they were the victims of misrepresentation. Although the …
As expected, CGNU, the U.K.’s largest insurer, announced a drop in operating profits for the year 2000 to £1.02 billion ($1.48 billion) between £200 and £400 million ($290 and $580 million) less than analysts had forecast. The first combined results …
First Union Insurance Services Inc., has named Anthony D. Fenton as regional president for its New Jersey, New York, Connecticut, Pennsylvania and Delaware operations. Fenton, a 25-year veteran in the insurance industry, will also retain his previous duties as executive …
The 2001 state legislative sessions are off and running. Among the more pressing challenges this year for a number of insurance commissioners and lawmakers is reaching compliance with the privacy provisions of the Gramm-Leach-Bliley Act (GLBA) by a rapidly approaching …
For the past decade, the marine insurance market has been struggling to keep its head above water. And to make matters worse, premiums dropped 4.1 percent between 1998 and 1999-marking the third straight year of decline. Industry experts are blaming …
