Hawaii, DTRIC Insurance Underwriters Hawai’i State Insurance Commissioner J.P. Schmidt announced the launch of DTRIC Insurance Underwriters Ltd. (DIU), an “A-” rated company and subsidiary of local insurance provider DTRIC Insurance. The new company will expand DTRIC’s direct commercial lines …
Calif. brothers arrested for fraud Two brothers in Woodland Hills, Calif., have been arrested and charged with felony insurance fraud, conspiracy and perjury. According to the California Department of Insurance, Masood D. Pymanee, 32, and Mahboob D. Pymanee, 30, were …
An auto policy’s uninsured motorist coverage is triggered for a motorcyclist killed by a hit-and-run driver after being thrown onto the roadway from his bike, which was not insured, according to the New Hampshire Supreme Court. The victim’s auto insurer, …
Auto insurers in Massachusetts would not be allowed to use socioeconomic factors in competitively pricing or underwriting policies under a regulation proposed by Insurance Commissioner Nonnie Burnes. The draft regulation makes years of driving experience, driving record and a vehicle’s …
The 2007 Oregon Legislature has passed a number of bills relating to insurance. The bills affecting property/casualty insurance include: *SB 183 (ch 574) Premium relief to rural doctors for professional medical liability insurance; * SB 255 (ch 392) Motor vehicle …
Washington Insurance Commissioner Mike Kreidler has fined an Ohio auto insurer a total of more than $150,000 after it unlawfully calculated and charged incorrect premiums to more than 62,700 Washington policyholders. During a seven month period ending April, 2006, Progressive …
Calling them “confusing and secretive layers of bureaucracy,” Louisiana Insurance Commissioner Jim Donelon announced plans to abolish the Property Insurance Association of Louisiana (PIAL) and the Louisiana Automobile Insurance Plan (LAIP). Donelon said the change is part of a shakeup …
Giant direct auto insurance seller Geico has been airing ads on Boston Red Sox radio broadcasts even though it does not do business in Massachusetts. The radio games are broadcast across New England and the Northeast so Geico is gaining …
The Federal Trade Commission’s long awaited study, “Credit-Based Insurance Scores: Impacts on Consumers of Automobile Insurance” was recently released and as expected, heated up the debate on insurers’ use of credit scores in automobile underwriting and rating. Insurers overall felt …
A national consumer group stepped up its criticism of a recent government report on the use of credit scoring by auto insurers, claiming that the Federal Trade Commission report confirms that African American and Hispanic drivers pay more for auto …
