The National Association of Independent Insurers (NAII) is urging the Iowa Division of Insurance to refrain from issuing new directives on claims involving hail damage to buildings and diminished value of vehicles damaged in accidents. NAII Counsel Ann Weber said …
Aon Corporation says the spin-off of Combined Specialty Group, Inc. (CSG) is now expected to be completed after June 30. Steps necessary to complete the spin-off continue to be taken and the spin-off will be accomplished as soon as practicable. …
Pricing discipline is the key factor separating the four major insurance sectors in the U.S., according to a set of commentaries Standard & Poor’s will release in the next week. The health and life insurance industries have set premiums at …
June 3, 2002 Philadelphia Insurance Companies’ announced the introduction of their new “Flexi-Five® non-profit D&O policy,” described as “providing traditional D&O coverage along with: Workplace Violence Coverage, Internet Liability Coverage, Employment Practices Liability, and Fiduciary Liability.” The company indicated it …
The Professional Insurance Agents of New York and New Jersey announced that they will host a panel discussion on the “Hard Market” at their joint annual conference which takes place June 9-11. The panel, which features eleven top executives, regulators, …
The California Senate approved a bill that would expand eligibility for the current low-cost automobile insurance program to middle-income drivers, a measure that will force insurers to increase premiums for non-urban drivers to subsidize potential losses, according to the Alliance …
Arizona’s governor signed a bill recently that will establish an alternative dispute resolution procedure for certain construction defect claims, providing a modicum of relief to a beleaguered construction industry, according to the Alliance of American Insurers. “The new law is …
InsBridge, Inc. has joined the Association for Cooperative Operations Research and Development™ (ACORD). As an ACORD member, InsBridge, Inc. will support the association’s standardization efforts by providing comprehensive rating and underwriting solutions that support the ACORD XML standards which simplify …
The annual Conference of the Professional Insurance Agents of New Hampshire (PIANH) featured a panel discussion on the hardened insurance market, entitled “Market Conditions and Strategies for 2002,” Moderated by Jeff Foy, of the Foy Insurance Group, which the organization …
Morgan Stanley raised its rating for St. Paul Cos. and XL Capital, identifying the two stocks as underpriced as the insurance market prospers with higher premium rates. St. Paul was raised to “equal-weight” from “underweight.” XL Capital was raised to …
