Based on FBI statistics, the National Insurance Crime Bureau (NICB) said the Phoenix area reported 979 auto thefts for every 100,000 of its residents last year–the worst rate in the nation. Phoenix is the nation’s sixth-largest city, with more than …
Hawaii’s Joint Senate-House conference committee is considering SB 1068, a bill aimed at modernizing Hawaii’s licensing law by streamlining the licensing process and increasing national licensing uniformity. The National Association of Independent Insurers (NAII) urged the committee to adopt SB …
Steve Sheffey, counsel for Allstate Insurance Company, informed insurance regulators at an April 24 speech in Scottsdale, Ariz., that they need to keep pace with gains in the technology field by forming regulation that reflects consumers’ ability to make the …
Independent Insurance Agents of America President William F. Hofmann III announced Debra L. Perkins as the new executive vice president and general counsel of IIAA. Perkins, former IIAA senior vice president and a general counselperson, will retain her general counsel …
More than 600 independent insurance agents will take over the nation’s capital for several days next week as the 25th Annual National Legislative Conference convenes May 2-4 at the Grand Hyatt Hotel in Washington, D.C. Slated to address the Independent …
Flood waters were expected to roll down the Mississippi River and reach Davenport, Iowa, late Tuesday. The peak crest may be between 22 and 22.5 feet, which will be just short of the 1993 record of 22.6 feet. Davenport is …
Britain’s Prudential plc will further expand its operations in Asia with the acquisition of Allstate’s majority holdings in two life insurance companies in The Philippines and Indonesia. Allstate said it was selling its interest in Pt Asuransi Jiwa, Indonesia and …
The ongoing controversy in the U.K. over the use of genetic testing by the insurance industry took a new turn on Tuesday with the announcement by the Association of British Insurers that its members will not use genetic testing in …
Korean officials announced that progress had been made in negotiations with a consortium headed by American International Group concerning the purchase of three deeply indebted Investment companies controlled by the Hyundai Chaebol for around $1 billion. The deal, announced last …
Insurance industry analyst A.M. Best Co. announced that it will begin compiling financial data on individual Lloyd’s syndicates, and will accord higher ratings than Lloyd’s overall market strength to qualifying groups. “The rating assigned to the Lloyd’s market (currently ‘A’, …
