Insurance News

Insurers are expected to pay $1.17 billion to homeowners and businesses for insured property losses from Hurricane Isabel that struck eight mid-Atlantic and nor...
Oct 07, 2003 12:00 AM
A lawyer specializing in product liability lawsuits filed a case last week in State Superior Court in Los Angeles charging Microsoft with violating California's...
Oct 07, 2003 12:00 AM
Life insurer John Hancock Financial Services has accepted an offer to be taken over by Manulife Financial of Canada for $11 billion in stock. The...
Sep 30, 2003 12:00 AM
The property/casualty industry reported a 9.6 percent gain in surplus for the first half of 2003, according to figures just released by A.M. Best. robust...
Sep 30, 2003 12:00 AM
The initial estimate of insured losses due to Hurricane Isabel is $1 billion according to the Insurance Information Institute (III). While that's not small chan...
Sep 23, 2003 12:00 AM
On September 11, Senator Lindsey Graham (R-South Carolina) introduced S. 1607, the Homeowners Insurance Availability Act. The legislation is a companion bill to...
Sep 23, 2003 12:00 AM
At the 2003 fall meeting of the NAIC, the NAIC's Risk-Based Capital Task Force announced that it was considering whether to raise the Risk Based...
Sep 23, 2003 12:00 AM
During the fall meeting of the NAIC in Chicago September 13-16, 2003, an NAIC subgroup met to consider drafting a model law which would require...
Sep 23, 2003 12:00 AM
Light trucks and SUVs generate the highest profits for automakers, but are fast becoming one of auto insurers' biggest risks, according to a new study...
Sep 16, 2003 12:00 AM
On the eve of the second anniversary of the Sept. 11 attacks, five major insurance companies sued Osama bin Laden, al-Qaida, dozens of other terrorist...
Sep 16, 2003 12:00 AM
As of now, it looks like dangerous Hurricane Isabel may make landfall somewhere along the East Coast of the United States. While meteorologists acknowledge that...
Sep 16, 2003 12:00 AM
The National Association of Insurance Commissioners (NAIC) will hold its Fall quarterly meetings in Chicago on Sept. 13 through 16. Many of the issues that...
Sep 10, 2003 12:00 AM
While strong underwriting results propelled the property/casualty insurance industry to profitability in 2002, insurers have not fully recovered from anemic pre...
Sep 03, 2003 12:00 AM
Rising costs of medical care, vehicle repair, jury awards, automobile theft and fraud are expected to drive up auto insurance rates by six percent in...
Aug 26, 2003 12:00 AM
Insured losses resulting from last Thursday's massive power blackout are expected to be modest. No specific dollar figure is available yet. The Insurance Inform...
Aug 18, 2003 12:00 AM
Legislators of the National Conference of Insurance Legislators' (NCOIL) Property-Casualty Insurance Committee unanimously adopted a resolution recently calling...
Aug 12, 2003 12:00 AM
Insurance regulators in New Jersey are expressing displeasure with the annual auto insurance cost survey put out by the National Association of Insurance Commis...
Aug 05, 2003 12:00 AM
A serious flaw has been found in some versions of Windows software from Microsoft Corporation. The flaw enables hackers to essentially take over a computer...
Aug 05, 2003 12:00 AM
Last week the Alliance for Sound State Uniform Regulatory Efficiency (ASSURE) announced the launch of its new website, www.assureusa.org . ASSURE is the organiz...
Jul 29, 2003 12:00 AM
The Senate Judiciary Committee will meet again on 6/24/2003 as panel members continue to try to resolve differences on how a national asbestos trust fund...
Jun 24, 2003 12:00 AM