"Although these insurers are facing increasing competition and flat-to-declining rates in the near term, as well as the uncertain effects of tort reform across the nation, we expect they will still h
In addition, S&P affirmed its "double-A-minus" counterparty credit and financial strength ratings on The Hartford's core property-casualty and life insurance subsidiaries. The outlook on all of these
California Insurance Commissioner John Garamendi accused five major automobile writers in the state yesterday of trying to forestall his rate regulation changes by blackmailing him with a political sm
Insurance industry representatives eying the Florida Legislature's work at the end of the 2006 session praised lawmakers for allowing more competition in insurers' rates and hoped it is the shape of t
Brian Meredith, a securities analyst for the bank, said that 80 percent of commercial lines insurers in his coverage universe have reported upside surprises due to good underlying underwriting results
Brian Meredith, a securities analyst for the bank, said that 80 percent of commercial lines insurers in his coverage universe have reported upside surprises due to good underlying underwriting results
"The hurricane insurance package passed just before adjournment Friday night is the most significant property insurance bill since major legislation following Hurricane Andrew," said Sam Miller, execu
In steps to bolster the Citizens Property Insurance Company the lawmakers approved a $715 million appropriation to offset the insurer's 2005 deficit. That action would reduce the 11 percent premium as
One measure would allow greater access to the Florida Insurance Catastrophe Fund for so-called limited apportionment companies (LACs) with $25 million in surplus or less. It enables them to buy a $10
Changes allowing insurers to hike or cut rates without prior regulatory approval within set limits were incorporated in an omnibus property insurance reform bill approved Friday night in the closing h