A resolution adopted by the National Conference of Insurance Legislators’ (NCOIL) Property Casualty Insurance Committee is a positive step toward resolving the asbestos crisis facing the nation, according to the Alliance of American Insurers. “NCOIL’s resolve to get state legislatures …
Lawrence Shoaf, grants chairman of Insuring the Children, presented a total of $15,240 to Kids First director, Gerald Klein, Esq. at Insuring the Children’s July board meeting. Klein spent time outlining the ways the monies would be spent, explaining how …
Several bills of interest to the California property/casualty industry- including proposals to reform the workers’ compensation system and address privacy issues- are pending on the Senate and Assembly floors. The Senate and the Assembly recessed after passing the controversial budget …
Atlanta-based Atlantic American Corporation announced second quarter net income of $1.2 million, or $0.04 per diluted share, compared to net income of $0.9 million, or $0.03 per diluted share, in the second quarter of 2002. Current year to date net …
Insurance Commissioner Jim Long signed a settlement agreement with the North Carolina Rate Bureau that raises insurance rates on dwelling fire and extended coverage (fire and EC) by an average 13.6 percent statewide. According to the North Carolina Department of …
Germany’s Allianz announced that it has now processed nearly all of the claims from last summer’s floods in Germany and Eastern Europe, and has paid more than 805 million euros ($909.65). It also revealed plans to reduce its stake in …
The cost of insuring New York City’s condominiums and co-op apartments has reportedly risen steeply over the last year, with some rate increases approaching 600 percent. An article in Newsday found that increases of between 10 and 20 percent for …
The National Association of Independent Insurers has issued a statement commending the New York State Insurance Department’s action in approving a statewide average rate increase of 19.7 percent for high-risk drivers insured through the state’s Automobile Insurance Plan, calling it …
California Insurance Commissioner John Garamendi announced he has dropped out of the race for Governor Aug. 9. Garamendi bowed out under intense pressure from union leaders and fellow Democrats, the Los Angeles Times reported. The Oct. 7 election to recall …
On Aug. 8, the Texas Department of Insurance (TDI) ordered most of the top 32 insurance company groups writing homeowners insurance in Texas to lower their rates by up to 31 percent, a move the department expects will save Texas …