Having served six years in his present office, Arkansas Insurance Commissioner Mike Pickens has had an opportunity to see a number of changesin his state over the years. Pickens recently sat down with Insurance Journal to discuss issues of importance …
The property/casualty industry’s combined ratio improved about 2.6 points to 99.7 for the first quarter in 2003, the industry’s strongest first-quarter underwriting performance in the most recent five-year period, according to a special report released by A.M. Best Co. The …
In the largest and reportedly most comprehensive study ever undertaken on the connection between credit history and insurance risk, a team of researchers has found that a consumer’s credit-based insurance score is unquestionably correlated to that consumer’s propensity for auto …
USAction on Friday urged members of the Senate Judiciary Committee to reject a proposal to substitute a trust fund for current and future litigation. Sponsored by Judiciary Committee Chairman Orrin Hatch, (R-Utah), USAction said the current version of the proposed …
The U.S. Supreme Court today defeated a California law that required insurance companies to provide information about all of their Holocaust-era policies. In a 5-4 vote, the high court decided that California’s Holocaust Victim Insurance Relief Act of 1999, which …
When you hear the phrase, “I want to live the American dream,” and you ask what that means, many people say that they want to own their own home where they can raise their family. Unfortunately, the dream is becoming …
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of the Bermuda-based Everest Re Group, Ltd’s core reinsurance and insurance subsidiaries. Best also said it had “affirmed the debt rating of “a” relative to senior debt obligations …
A mandatory automobile insurance bill being considered by a Wisconsin legislative panel is unnecessary and will create more problems than it solves, according to the Alliance of American Insurers. The bill, AB 384, would reportedly require all drivers in the …
Following a review, Standard & Poor’s has affirmed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on Nigeria-based reinsurer African Reinsurance Corp. (Africa Re). The outlook is stable. “The ratings reflect Africa Re’s strong business position, stable operating …
The Professional Insurance Agents of New York issued a bulletin commenting on the effects of legislation passed by the state’s Senate as it ended its spring session last week. The Assembly remains in session to act on several bills remaining …