"Homeowners is not as profitable as everyone thought it was," he said. "And auto rates are not going up while costs are. But the fact is we are having fewer accidents each year and that can't go on fo
Speaking at the Joint Industry Forum in New York City, heads of Allstate, State Farm and Nationwide came out in varying degrees in favor of the proposal to provide federal and state backing for natura
Speaking at the Joint Industry Forum in New York City, heads of Allstate, State Farm and Nationwide came out in varying degrees in favor of the proposal to provide federal and state backing for natura
The Northbrook, Ill.-based auto and home insurer said the new nationwide reinsurance agreements will provide $2 billion in coverage in excess of $2 billion of retained losses from named storms, earthq
R. Steven Orr, 53, designated last week as Maryland's insurance commissioner, said yesterday that oversight of the state's new fund to subsidize medical malpractice rates will rank as his top priority
In a recent report to the Legislature's Insurance and Financial Services Committee, the bureau concluded the creation of a fraud unit is feasible. The report recommends establishing a three- person un
In a recent report to the Legislature's Insurance and Financial Services Committee, the bureau concluded the creation of a fraud unit is feasible. The report recommends establishing a three- person un
That assessment came from Neal Alldredge, state advocacy director for the National Association of Mutual Insurance Companies, in the wake of a call by Minnesota Attorney General Mike Hatch for the ban
"I visited Florida neighborhoods and saw where homes built pre-Andrew and pre-uniform building codes once stood and were destroyed," he said. "Across the street, homes built to code, post-Andrew, stoo
The Santa Monica-based Foundation For Taxpayers and Consumer Rights said in a report that the "incurred losses" that medical malpractice insurance companies initially reported for policies in effect i