Senate Bill 435 passed the Senate on a vote of 32-18 in early December and was approved in the House by a 118-81 margin earlier this month. It would have eliminated joint and several liability in case
Four relatively small storms hit Florida in 2004, which meant considerably fewer losses for reinsurers--in part because of coverage provided by the Florida Catastrophe Fund. However, 2005's Hurricane
Florida and eight other states have reached a nationwide settlement of $171.7 million with Zurich American Insurance Company, resolving bid-rigging and price-fixing allegations against the firm,
Randall Brubaker, Aon Services senior vice president, said those insurers with sophisticated segmentation methods for personal auto lines are now starting to show improved results over those without s
Randall Brubaker, Aon Services senior vice president, said those insurers with sophisticated segmentation methods for personal auto lines are now starting to show improved results over those without s
The Richmond, Va.-based U.S. Travel Insurance Association reported that 30 percent of U.S. leisure travelers purchased travel protection last year, compared with just 8 percent prior to September of
The Richmond, Va.-based U.S. Travel Insurance Association reported that 30 percent of U.S. leisure travelers purchased travel protection last year, compared with just 8 percent prior to September of
Pennsylvania's Republican-controlled legislature has sent Democratic Gov. Edward Rendell legislation reforming the joint and several liability law which can leave one defendant on the hook for payment
The sharp spike in the 2005 combined ratio represents not only the total record dollar amount of insured losses, but also their distribution over the year. The ratio reflects the percentage of each pr