The National Insurance Crime Bureau (NICB) said referrals from member companies to investigate questionable claims through the third quarter were up 12 percent compared to last year.
Farmers Insurance experienced the largest drop, 3 percent, in customer satisfaction among property and casualty insurers, but overall the industry's score is unchanged
The National Insurance Crime Bureau (NICB) said referrals from member companies to investigate questionable claims through the third quarter were up 12 percent compared to last year.
The Florida insurer of last resort said inspections of the homes and commercial properties it insurers have uncovered some unjustified mitigation discounts.
Florida's Citizens Property Insurance Corp. said inspections of the homes and commercial properties it insures have uncovered some unjustified mitigation discounts.
Reserve releases that have cast a smokescreen in front of negative earnings in commercial lines will dwindle as the industry's reserve margin worsens, Moody's said.
The latest surveys of rate changes for the group medical and the property and casualty insurance markets reveal a tale of two very different markets--with medical rates continuing to climb and p&c prices still falling.
American International Group Inc., the Federal Reserve Bank of New York and the U.S. Treasury department have officially signed a deal to repay the government for sustaining the massive company.
Corporate America and trial lawyers are anxiously awaiting a decision from the U.S. Supreme Court, which has agreed to hear an appeal in a discrimination lawsuit case involving thousands of women seeking class-action status against Wal-Mart.
A Treasury official said the government is still working on the timing to sell its interest in American International Group, but it wants to do it as soon as practicable.