Vermont’s Department of Financial Regulation is getting a new deputy commissioner in the Insurance Division. St. Johnsbury, Vermont-native Crosby Sherman is going to start on July 8. Sherman began his career at Vermont’s Department of Financial Regulation in the 1980s, …
The Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) has certified the latest version of AIR Worldwide’s hurricane model. The commission has been certifying models for use by insurers for developing Florida residential and commercial residential property rate filings since …
Financial impairments in the property/casualty insurance industry fell more in line with recent trends and historical levels in 2012, following a sharp spike in 2011. There were 21 P/C impairments in 2012, a sizable decrease from the 34 reported for …
XL Group appointed John Ellis as a regional vice president for its North America Marine business in New York. In his new role, Ellis will be responsible for managing and building XL Group’s Marine Cargo, Primary and Excess Marine Liability, …
Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual Holding Co. and Bloomington, Illinois-based State Farm …
Kentuckians will again be able to sign up for a Christians-only medical program under a batch of new laws that take effect Tuesday. Lawmakers passed the law allowing Medi-Share, a Florida-based cost-sharing ministry, to resume operations in Kentucky, reacting to …
Sexual misconduct claims at prisons and regional jails have cost West Virginia nearly $12 million over the last decade. Board of Risk and Insurance Management records obtained by the Charleston Daily Mail show that prisoners and their lawyers received more …
One of the long-standing tensions in health care finance — whether you’re talking about health insurance or managed care, for-profit or non-profit, workers’ compensation, Medicare, Tricare, automobile medical payments, Medicaid, the Children’s Health Insurance Program, and dozens of state versions …
U.S. insurers will pay $500 million in rebates to employers and individuals this summer because of President Barack Obama’s healthcare law, about half the amount they paid last year. The law, often called Obamacare, requires companies to refund customers when …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1225, which is managed by AEGIS Managing Agency Limited. The outlook for both …
