News

Working Group Chair Kevin McCarty, who also serves as Florida insurance commissioner, said the Atlanta meeting last week resulted in "significant inroads in identifying the many facets of this complex

Allstate Corp. will pay almost $12 million to settle a class action discrimination suit over its use of credit scoring and issue a new scoring formula under terms of an agreement reached last week and

Last week, state Attorney General Jim Hood unveiled a legislative proposal to force insurance companies writing automobile insurance in Mississippi to also write property insurance if they offer it el

A series of state legislative actions has drastically reduced workers' comp loss costs and frequency trends in the state. "However, it still is premature to view these reforms as final and lasting in

The discussion was part of the National Association of Insurance Commissioners (NAIC) Hybrid RBC working group's effort to determine how these securities should be treated when calculating RBC of inve

Karen Pauli, senior analyst with Needham, Mass.-based TowerGroup, said that market actions like State Farm's in Mississippi and Allstate's throughout the country "will drive legislators to consider a

Connecture, a provider of Web-based sales, service, and process automation solutions to the health insurance industry, is expanding its market with its InsureConnect EZ product to include health

Global reinsurers continue to instill underwriting discipline and have reduced their exposure to lines of business they regard as inadequately priced, the study noted, based on the Jan. 1 renewal repo