William Stander, Tallahassee-based regional manager for the Property Casualty Insurers Association of America, said "the OIR is seeking to prohibit insurers from using credit information by making it

With politicians in coastal states facing "white hot" pressure from rising property insurance rates, some federal catastrophe funding comes closer to reality, said one investment bank analyst late

Karen Pauli, senior analyst with Needham, Mass.-based TowerGroup, said that market actions like State Farm's in Mississippi and Allstate's throughout the country "will drive legislators to consider a

Mississippi Insurance Commissioner George Dale said the move was "a stark reminder that the issues brought about by Hurricane Katrina affect not only the coast, but policyholders all across the

"What has certainly had an impact on tort cost trends has been the decades plus decline in auto accident frequency, as the basic auto accident is the largest single portion of U.S. tort costs," he

Proponents and foes of a larger federal role in insuring mega-catastrophe risk clashed Saturday at a forum in Napa, Calif. during the annual meeting of the National Conference of Insurance

In his ruling yesterday, U.S. District Court Judge Harold Baer in Manhattan rejected arguments that insurers needed to provide the extra payments for safety and political acceptability as

In his ruling, Judge Walker said that allowing hundreds of policyholders to consolidate their cases against several major insurers would amount to a "quasi class-action lawsuit but without regard for