Assemblywoman Fiona Ma, D-San Francisco, introduced AB 550 late last month, with Sen. Leland Yee, D-San Francisco, following suit in the Senate with the introduction of SB 723. Under the proposed legi
Speaking at the Networks Financial Institute's Annual Insurance Reform Summit in Washington, Rep. Barney Frank, D-Mass., advised optional federal charter supporters to "think about what conditions you
A study titled by the nonprofit industry research group "Florida Auto Injury Insurance Claim Environment" found that between 2002 and 2005 auto injury economic loss claims rose 18 percent on average,
A Congressional panel examining Hurricane Katrina claims handling heard a colleague accuse insurers of "massive fraud." The accusation came from Rep. Gene Taylor, D-Miss., who has been among the
Rep. Taylor, who recently settled a suit against State Farm over his own claim, made his attack on insurers before the House Financial Services Subcommittee on Oversight and Investigations. After test
WASHINGTON--The insurance industry's handling of Hurricane Katrina damage claims is due to come under federal lawmakers' microscope Wednesday at a hearing by the Oversight Panel of the House Financial
Both sides are claiming victory in a dispute over proposed regulations for the title insurance industry in California after the state Office of Administrative Law returned the regulations to the insur
Deborah Pickford, a spokesperson for the company, said Allstate is delaying action "at the request of the state legislature to provide them with more information and background on our decision-making,
WASHINGTON--A U.S. Supreme Court ruling sharply reducing a punitive damage award against Philip Morris USA puts weight behind the insurance industry's arguments that such awards have become unfair, acc
In a market report titled "Look Beyond the Obvious," Aon analysts noted that the generally benign storm activity in 2006 has led to a worldwide decrease in rates for liability coverage, with plentiful