The Insurance Information Institute is warning that levying a federal tax on property and casualty insurers to pay for the bailout of failed financial institutions would "constitute a significant policy error."
The New York State insurance superintendent said, as part of an effort to address no-fault insurance fraud, he is supporting enactment of a measure requiring mandatory arbitration for no-fault claims under $5,000.
Change is everywhere in the insurance industry. In today's highly competitive environment, it would be hard to identify a major carrier that is not undertaking a major initiative of some type...
One of the major consequences of the recently passed health care reform legislation hasn't generated much attention, let alone debate. What might that be? How ...
With millions more likely to get health coverage thanks to the new reform law, the worsening shortage of doctors will only get worse, impacting workers' comp insurers, warns NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.
Soft market rates for the commercial property and casualty sector show little evidence they will change in the near future, according to the Council of Insurance Agents & Brokers.
The American Association of Insurance Services (AAIS) has announced the formation of an AAISalliance of service vendors to provide underwriting, marketing, and loss control resources for property/casualty insurers.
Property and casualty insurance sector rates will begin to firm up in 2011, according to the most recent industry forecast from Conning Research & Consulting.
Experts say insurers will not likely have to pay business interruption or aviation claims from the Iceland volcano eruption, as such a rare event is not likely to be covered by policies.