Nevada Insurance Commissioner Alice A. Molasky-Arman has ordered Liberty Liability Foundation, Self-Funding Automobile Liability (Liberty Liability) to stop all unauthorized insurance activities, including automobile liability programs in Nevada. Liberty Liability is also known as or affiliated with Americus Liability Foundation, …
The Alliance of American Insurers (AAI) responded Tuesday to a recent report from the Independent Insurance Agents and Brokers of America (IIABA), addressing the homeowners market (see IJ Web site May 13) in the U.S. “In the best of years, …
A bill that would not allow insurance rates in Louisiana to vary more than five percent between adjacent parishes passed a House committee last week and awaits action on the House floor. The National Association of Independent Insurers opposes the …
The Louisiana Surplus Lines Association is urging its members to keep the pressure on state lawmakers to pass House Bill 1476, which would exempt certain surplus lines insurers from a decades old, largely un-enforced law requiring surplus lines carriers to …
Standard & Poor’s has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Markel Corp.’s U.S. insurance subsidiaries and its ‘BBB-‘ counterparty credit and financial strength ratings on Markel International Insurance Co. Ltd. and then withdrew the ratings at …
Recent investigations conducted by the Ohio insurance department’s fraud unit have led to three indictments of Ohioans attempting to defraud insurance companies, according to a statement released by insurance department. The lead case involved Fairfield County resident Brenda Johnson who …
Deterioration in operating profitability, weakened capitalization, inadequate loss reserves and greater retention levels continue to wreak havoc on the medical malpractice market, making it more challenging for those insurers willing to write new business, panelists told the recent PLUS Medical …
Connecticut-based The Hartford Financial Services Group, Inc. has reported a net loss of $1.4 billion for the first quarter of 2003 as a result of a previously announced increase in asbestos reserves. For the quarter ended March 31, 2003, the …
Tort reform was reportedly the major accomplishment of the 2003 Idaho legislative session. The session lasted a record 118 days due to a standoff between the Governor and legislators over the raising of certain taxes to address the state’s budget …
A New Hampshire Senate bill dealing with the interest rates on workers’ compensation awards is on the House floor this week and NAII is reportedly hopeful the measure will pass. “By bringing workers’ compensation interest rates in line with civil …