February 19, 2006
Was coverage in place at time of fatal accident? 8 Rates for D.C. taxis fall New policy length stirs competition 10 Retailers challenge Md., N.Y. benefit mandates Claim federal ERISA law trumps state and local statutes 10 Sen. Schumer hits …
February 19, 2006
The value of insurance-to-value often overlooked When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken …
February 19, 2006
Medical Protective, a Texas admitted medical professional liability insurer, announced today it will reduce rates another 6 percent effective July 1, 2006. This reduction comes on the heels of two other decreases in the last 12 months, reducing malpractice premiums …
February 19, 2006
The Arkansas Insurance Department issued a Bulletin in order to inform insurer licensees about changes affecting statutory deposits under Arkansas Act 506 of 2005 in the captioned areas. Changes in Deposit Requirements – Ark. Code Ann. ยง23-63-206 (Supp. 2005) grants …
February 17, 2006
Fitch Ratings has affirmed the ‘BBB-‘ long-term issuer rating and ‘BBB-‘ senior debt ratings of CNA Financial Corporation (CNA) and the ‘A-‘ insurer financial strength (IFS) ratings of CNA’s U.S. insurance subsidiaries. A full rating list is shown below. The …
February 17, 2006
California Insurance Commissioner John Garamendi reported that a new online system that will allow licensees to renew licenses and change their address of record paper free is available. Prior to the new service, licensees filled out paper applications that were …
February 17, 2006
The Property Casualty Insurers Association of America (PCI) testified before the Colorado House Business Affairs and Labor Committee on Friday that legislation (HB 1330), which would impose extensive new data reporting requirement on property casualty insurers would not help consumers …
February 17, 2006
A Kalamazoo man who police say was part of a family scheme to burn down a mobile home, then collect the insurance money, is set to testify against his parents at trial, according to a report by the Coalition Against …
February 17, 2006
American International Group, Inc. announced Friday that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency, Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr & Co., Inc. C.V. Starr is run by AIG’s …
February 17, 2006
Three veteran underwriting executives — Michael Solano, Robert Thomas, and Michael Weis — have been promoted to assistant vice president at Sunshine State Insurance Company (SSIC). Sunshine State is a writer of homeowners’ insurance and related lines in Florida. The …