A bill limiting Pennsylvania farmers’ liability for hunting accidents on their properties has flown through the House and Senate and been sent to Gov. Edward Rendell for signing. The measure was backed by Pennsylvania Farm Bureau, which sought to strengthen …
Regulators in New York approved a 14 percent increase in medical malpractice insurance rates and Gov. Eliot Spitzer formed a task force to find ways to rein in the high cost of the coverage. The state insurance department said the …
Federal investigators said that “epoxy creep” was a major factor in the Big Dig accident one year ago that killed a Boston woman when concrete tunnel ceiling panels fell and crushed her car. Investigators with the National Transportation Safety Board …
New Jersey agents no longer want to be required by state law to provide quotes from all of their auto insurance companies to all auto insurance applicants. The Professional Insurance Agents of New Jersey Inc. and the Independent Insurance Agents …
The California Earthquake Authority (CEA) announced successful placement and approval of its reinsurance program for 2008 and submission of an application for a 3.5 percent base program rate increase. At its June Governing Board meeting, the CEA, unanimously approved reinsurance …
The Nevada Division of Insurance has launched a campaign to address fraudulent annuities insurance programs. According to the Division, there has been a recent increase in fraudulent annuity investment claims in Nevada and nationwide. To help educate consumers, its advertising …
The bill would establish national standards for how states regulate the surplus lines market and reinsurance. HR 1065 creates: a uniform system of premium tax allocation and remittance for surplus lines premium taxes; uniform national standards for surplus lines insurer …
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a …
More than $1 billion in flood damage is avoided each year through mitigation efforts. More than 20,300 communities have flood maps as a basis for flood insurance rates, insurance purchase requirements, and local floodplain management programs. An estimated 9,000 square …
Beazley Insurance Co. takes a unique approach to architects and engineers professional liability by focusing on various media-related coverages needed by design professionals. “We are still the only company at this point who has taken a media technology policy and …
