The company last week announced additional settlement agreements with New York, Connecticut and Illinois state officials that will see it pay $153 million for restitution to excess casualty
Following back-to-back multi-hurricane seasons, Florida's property insurer of last resort is expected to run a deficit of $1.7 billion for 2005, a report to the state's House Insurance Committee
Property-casualty analyst William Wilt attempted to correlate 2005 executive pay--as gleaned from proxy statements--to company performance and other factors. He noted, however, that not all corporate mo
Property-casualty analyst William Wilt attempted to correlate 2005 executive pay--as gleaned from proxy statements--to company performance and other factors. He noted, however, that not all corporate mo
"Hopefully we can now move away from the long-standing litigation lottery mentality that has prevailed for years in Florida courts, as plaintiffs' lawyers sought to find the defendant with the deepest
David Reddick, senior state affairs manager for the National Association of Mutual Insurance Companies, said the bill "represents a good starting point in getting the states' counties and municipaliti
NEW YORK--Regulators and insurance industry representatives expressed hope today of fashioning some sort of plan over the next few months that will help insurers with terrorism risk when the current fe
The head of the nation's insurance regulators group said that while his group is split from state lawmakers on many issues, this should not derail efforts to save state regulation from federal encroac
New York--The National Association of Insurance Commissioners, with fanfare and ballyhoo, launched a public education program here today aimed at assisting consumers with information about insurance is
The company also this morning announced an agreement with New York, Connecticut and Illinois state officials that will see it pay $153 million for restitution to excess casualty policyholders as well