Cameras watching intersections to deter drivers from running red lights may have an unwanted side effect, an increase in rear-end collisions, some studies show. In some cases, drivers who fear they’ll be caught on camera running a red light slam …
The Texas Department of Insurance reported that second quarter 2004 financial results submitted to TDI indicate a number of Texas homeowners insurance providers are improving their loss ratios—a result of efforts to improve underwriting and a quiet storm season during …
The National Association of Professional Insurance agents (PIA) and The Hartford Financial Services Group, Inc. announced that they have teamed up to enable PIA member agents to offer their customers flood insurance through The Hartford. “PIA is happy to provide …
Standard & Poor’s Ratings Services has issued a comment on the state of the U.S. property/casualty insurance industry and its short- and intermediate-term prospects in the wake of Hurricane Jeanne, the fourth hurricane to strike Florida this season. “The insured …
Bermuda-based PartnerRe Ltd. said it estimates that claims relating to its exposure to Hurricane Ivan are expected to be between $35-$45 million, with the loss split equally between U.S. and Caribbean exposures. “The Company’s loss estimate for Ivan is based …
Standard & Poor’s Ratings Services announced that it has affirmed its “A-” counterparty credit and financial strength ratings on Odyssey Re Holdings Corp.’s (ORH) operating subsidiaries: Odyssey America Reinsurance Corp., Clearwater Insurance Co. (formerly Odyssey Reinsurance Corp.), and Hudson Specialty …
For the first time since the beginning of August, when Charley appeared as a tropical depression, there are no new potentially destructive hurricanes in formation out in the Atlantic. Miami’s National Hurricane Center has stopped monitoring Jeanne, as the storm …
Queens District Attorney Richard Brown, joined by New York State Police Superintendent Wayne Bennett, New York City Police Commissioner Raymond Kelly, State Insurance Department Superintendent Gregory Serio and New York State Department of Motor Vehicles officials, recently announced the indictment …
California Attorney General Bill Lockyer has filed criminal complaints against 20 dentists throughout the state, charging them with defrauding the state Medi-Cal System of $4.5 million, health benefits and workers’ compensation fraud, conspiracy, grand theft, child abuse, elder abuse, assault …
California Gov. Arnold Schwarzenegger signed a number of bills in the last few days, including those of interest to Californians impacted by last year’s wildfires and other disaster which have hit the state in the last year. Among the bills …