She added that increases in repair costs, health care costs and other related expenses contributed to the need to raise the limits. The state had considered similar legislation for several years, Ms.
The American Insurance Association (AIA) said it has received approval to file a brief with Mississippi Supreme Court in support of an insurer's interpretation of excludable flood damage stemming from
A.M. Best Co. said it will downgrade the financial strength rating and the issuer credit rating of Oklahoma City-based American Farmers & Ranchers Mutual Insurance Company. The rating agency cited con
The ongoing credit crisis, combined with increasing exposures for state-backed insurers of last resort, could hamper the ability of these plans to cover losses from a major hurricane this year, a rati
Scott Anderson, owner and executive vice president of Concorde General Agency and a past president of the American Association of Managing General Agents, found this out while fleshing out an idea he
LAS VEGAS--Insurance agents to stay relevant with an increasingly tech-savvy consumer base must update Web sites to offer the type of electronic services these consumers demand, professionals at an ind
The sales focus of insurance companies is moving away from baby boomers and toward generation X and Y buyers, Matthew Josefowicz, director of insurance at Novarica, said at a session yesterday titled
LAS VEGAS--Insurers focusing on younger customers must develop simplified products and rely less on their sales force and more on technology, according to a group of experts speaking here at the ACORD/
Fitch Ratings announced that it expects to assign an "A" rating to the offering. The rating firm said it "expects that the net proceeds from this new senior debt issuance will help redeem the company'
A sinking economy, resulting in cutbacks in construction projects and a tightening of credit, is just one of the looming challenges facing surety and fidelity bond underwriters as their association