In a comment letter submitted to the Treasury Dept. Wednesday, the bond insurers, also known as monolines, contended that helping them would also ensure the stability of their customers, including mun
Florida Insurance Commissioner Kevin McCarty gave his approval to an amended rate filing by the National Council on Compensation Insurance today--a filing that does not reflect the implication of the s
As life insurers engage in discussion with the Treasury Department about participating in the federal Troubled Asset Relief Program, another property-casualty association has publicly declared that th
As life insurers engage in discussion with the Treasury Department about participating in the federal Troubled Asset Relief Program, another property-casualty association has publicly declared that th
TMPAA President Greg Thompson said the organization revamped the designation process, working with carriers to determine specific practices and procedures that signify a high-level agency. The designa
California Insurance Commissioner Steve Poizner on Friday announced a 5 percent pure premium increase for workers' compensation, less than a third of the increase proposed by the state Workers Compens
At a board of governors meeting Thursday, Sharon Binnun, Citizens' chief financial officer, said the company has about $500 million in troubled securities currently, with their current market value to
In the case of in Murray v. Mariners Health/ACE USA, the court found that the use of strict guidelines as outlined in the state statue would have awarded the claimants attorney's a total of $684.84 fo
WASHINGTON--A report prepared for members of Congress suggests that the federal government could achieve significant savings by taking over the workers compensation risks for contractor employees worki
The Florida Insurance Council has sounded a warning to state lawmakers about the Florida Hurricane Catastrophe Fund's condition after officials said it would be unable to pay all losses if a catastrop