Property/ casualty insurers are contending that the Florida Office of Insurance Regulation is “off the mark” in developing rules implementing a law passed in 2003 addressing insurers’ use of credit information. Since the Legislature passed the National Conference of Insurance …
The FBI said it has broken up an East Coast auto theft ring that retagged and sold hundreds of stolen vehicles. The ring had been operating since 1999, stealing vehicles and creating phony certificates of title to match altered vehicle …
The family of a drunken Duluth college student who fell into a creek and died after a rugby team party can sue the party’s host for damages, the Minnesota Court of Appeals ruled on Tuesday, June 12. The ruling allows …
The latest, and admittedly still preliminary, estimates from the series of violent storm that struck the coast of New South Wales last week (See IJ web site June 11) indicate that insured losses will exceed A$1.2 billion (US$1 billion), making …
UK auto insurer Sheila’s Wheels, which, as the name indicates, specializes in auto (motor) coverage for women drivers, has come up with a novel way to cut down on accidents – change your shoes. More explicitly: wear shoes with specially …
Dr. Toni Makkai, Director of the Australian Institute of Criminology, made an ominous opening statement: “Of all of the crimes committed by young people, arson is potentially one of the most devastating.” He was speaking at the launch of a …
Nephila Capital Ltd., a Bermuda-based investment manager specializing in catastrophe reinsurance and weather risk, announced the closing of its new investment vehicle, Gamut Reinsurance Ltd. Gamut Re, which is domiciled in the Cayman Islands, “raised $310 million in a 144A …
Under the latest phase of the UK’s drive to embed contract certainty into the day-to-day processes of its insurance industry, the Contract Certainty Steering Committee (CCSC) has published a code of practice designed to ensure policies continue to be fully …
Since the National Flood Insurance Program does not collect data on both wind and flood damage claims from its insurers, it’s not possible to know if its billions of dollars in payments on hurricane-damaged properties accurately reflect flood only damage, …
Joel Ario, administrator of the Insurance Division in the Oregon Department of Consumer and Business Services (DCBS), confirmed he is leaving Oregon to accept the position of Insurance Commissioner for Pennsylvania. “This is a great opportunity for Joel, but a …