Processing at the Surplus Lines Stamping Office of Texas this year confirms what underwriters, agents, and risk managers already know – the hardening of the Property/Casualty market continues. Through August, the total surplus lines premium on policies reported to the …
The books are closed on 2000 Texas premium and loss information for the insurance industry. IIAT’s annual review of market share data contains a few surprises, some good news and some bad news. Here are the highlights in review: • …
The Texas Legislature authorized insurance-by-the-mile-based auto insurance coverage during this year’s session with the passage of House Bill (HB) 45 and the Texas Department of Insurance (TDI) is now hard at work trying to figure out how such a system …
The National Association of Mutual Insurance Companies (NAMIC) says a long-anticipated General Accounting Office (GAO) report on state regulatory initiatives confirms the association’s position that while state insurance regulators have accomplished a great deal, they cannot reform insurance regulation by …
By applying the old merchants’ rule, “buy it for a nickel, sell it for a dime,” a bit too opportunistically, Colin Poole and Anthony Sullman, the original founders of the U.K.’s Claims Direct, have gotten themselves in hot water with …
Seattle’s SAFECO reaffirmed its commitment to remain its Lloyd’s operations following the resignation of Ralph Bailey as managing director of Syndicate 138, R.F. Bailey (Underwriting Agencies) Ltd,. which it acquired in 1999. While announcing Bailey’s resignation Friday, SAFECO took the …
New York’s trial lawyers registered a victory in the latest battle with the State’s auto insurance carriers, when they succeeded in obtaining a court order blocking the implementation of Regulation 68, which had been scheduled to take effect September 1st. …
Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch, Fraud Division, served arrest warrants on five local Fresno residents last week. The arrests concluded a six-month investigation that began with a referral by GEICO Insurance alleging fraud on …
San Diego-based brokerage firm Barney & Barney LLC and Salu Inc. entered into an agreement to provide Salu’s physician-specialist members with medical malpractice insurance coverage at competitive prices online. The program, which is geared to help specialists obtain malpractice quotations, …
According to the National Association of Independent Insurers (NAII), California Assembly members are poised to vote on a bill that would “hamstring” insurers’ ability to conduct investigations when they suspect fraud and would unnecessarily add to the cost of insurance. …
