New York Superintendent of Insurance Gregory Serio announced that the Department has reached an agreement with the Insurance Services Organization (ISO) on terrorism loss costs for commercial property in New York State. “The New York Insurance Department fought hard to …
Pennsylvania-based Harleysville Group Inc. reported strong fourth quarter and full-year 2002 results, citing continuing improvements in its underwriting profitability and solid growth in its small commercial business. Diluted net income per share for the fourth quarter of 2002 was $0.57, …
XL Capital Ltd announced plans to launch a new global communications program designed to reflect the Company’s recent substantial growth and development as a global provider of insurance, reinsurance and financial products and services. XL will launch the external communications …
Alliance of American Insurers’ senior vice president and General Counsel Ann Spragens sent the following letter to the editor of the Chicago Tribune. In it, she attempts to correct the reported common misconception about the cause of the medical malpractice …
As the Eastern Seaboard digs out from the Blizzard of ’03, the Insurance Information Institute (I.I.I.) is reminding residents to check over their property for damage from the melting of ice and snow and to review their insurance policy for …
Raymond Mazzotta was named CEO of the OHIC Insurance Company, a provider of medical malpractice insurance. Mazzotta joined OHIC more than three years ago and had previously held the titles of president and COO. Prior to joining OHIC, Mazzotta had …
The House and Senate approved approximately $89.4 million in additional funding for the Federal Emergency Management Agency’s (FEMA) Cerro Grande Fire Assistance Program to pay outstanding fire claims. The claims resulted from the National Park Service having lost control of …
Who needs renters insurance? If you’re a renter, you might – especially since U.S. statistics show that renters experience higher rates of property crime, theft, and burglary than people who own their home. What’s more, said Manny Rios, vice president …
An asbestos litigation reform bill supported by the Alliance of American Insurers and a broad coalition of businesses and insurers has been introduced in the Texas Senate. The bill, SB 496, will “raise the bar for the criteria necessary to …
The Alabama Insurance Department notified Alabama physicians, nurse practitioners, physicians assistants, etc. who currently have policies with Doctors Insurance Reciprocal that the company’s rehabilitator has suspended the payment of claims for insureds’ policies. It added that due to the rehabilitator’s …