Florida Insurance Commissioner Kevin McCarty said yesterday that the OIR will implement a new credit scoring rule requiring all insurers to make filings providing proof that use of credit scores does
Florida Insurance Commissioner Kevin McCarty said yesterday that the OIR will implement a new credit scoring rule requiring all insurers to make filings providing proof that use of credit scores does
ERM is described by S&P as a "subjective view of an insurer's or reinsurer's risk management practices, focusing on how its loss tolerance is defined and measured and on the processes it undertakes to
Mr. Serna's resignation will require an election by the National Association of Insurance Commissioners at its summer meeting next month in Washington to fill the NAIC secretary-treasurer's post he he
Among the factors that have contributed are the restructuring of the private sector, the turnaround in the banking sector through the resolution of bad loan problems, and elimination of deflationary p
David Small, an analyst at Bear Stearns in New York, said that scientists have been discussing storm frequency and severity increases for quite some time now, while modelers have produced scenarios gi
Mr. Serna's resignation will require an election by the National Association of Insurance Commissioners at its summer meeting next month in Washington to fill the NAIC secretary-treasurer's post he he
U.S. District Court Judge Richard T. Haik Sr., in Lafayette, La., on Thursday issued a partial summary judgment in favor of State Farm Fire & Casualty Company in a case involving a demand for payment
Earlier this year, the Newark, Calif.-based company said its release would result in modeled annualized insured loss increases of 40 percent across the Gulf Coast and Florida. In addition, modeled los
Spokesmen for Allstate and St. Paul's, however, said such market conduct examinations are common following events of Katrina's magnitude and expressed pride at their claims handlers' accomplishments u