Alabama Department of Insurance Re-Accredited by NAIC September 19, 2016 The Alabama Department of Insurance (ALDOI) announced Aug. 31 that it has been re-accredited by the National Association of Insurance...
Weak Profits Leading to Takeovers of Smaller Reinsurers September 19, 2016 Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisition activity as...
Kentucky Workers’ Comp Loss Costs to Decrease by 5 Percent September 19, 2016 The Kentucky Department of Insurance has approved the annual workers’ compensation rate filing from the National Council on Compensation Insurance...
Court Rules Massachusetts Law Applies in Rhode Island Contamination Suit September 19, 2016 By Elizabeth Blosfield The Massachusetts Appeals Court has ruled that Massachusetts law should apply in deciding whether Narragansett Electric Co. (NEC), a Rhode...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports September 19, 2016 By L.S. Howard The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under...
State Oversight of Thrill Rides Questioned After Recent Accidents September 19, 2016 By Kathleen Foody, Erik Schelzig and Claire Galofaro In some parts of the U.S., the thrill rides that hurl kids upside down, whirl them around or send them...
New Jersey Rules in Favor of CGL Coverage for Faulty Subcontractor Work September 19, 2016 By Elizabeth Blosfield New Jersey has joined several other U.S. states in deciding that if a subcontractor’s defective work damages parts of a...
Signs of the Agency Financial Times: 7 Key Trends Producers Should Watch September 19, 2016 By Danny Anderson and Bruce Berthelsen 7 Key Trends Producers Should Watch to Keep from Being Left Behind In “Left Behind,” the first book in an...
New Jersey Supreme Court Rules Paralyzed Waterpark Visitor Can Proceed with Gross Negligence Suit September 19, 2016 By David Porter A New Jersey waterpark visitor who was partially paralyzed in a 2010 accident while on a ride that simulates surfing...
New York’s Attempt to Subject Surplus Lines Insurers to Insurance Franchise Tax September 19, 2016 By Andrew Appleby and Alla Raykin New York has increasingly asserted that unauthorized insurance companies — including surplus lines insurance companies — are subject to New...